Xtrackers Harvest Csi Etf Market Value
| ASHS Etf | USD 28.34 0.06 0.21% |
| Symbol | Xtrackers |
The market value of Xtrackers Harvest CSI is measured differently than its book value, which is the value of Xtrackers that is recorded on the company's balance sheet. Investors also form their own opinion of Xtrackers Harvest's value that differs from its market value or its book value, called intrinsic value, which is Xtrackers Harvest's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Xtrackers Harvest's market value can be influenced by many factors that don't directly affect Xtrackers Harvest's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Xtrackers Harvest's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers Harvest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers Harvest's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Xtrackers Harvest 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Xtrackers Harvest's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Xtrackers Harvest.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Xtrackers Harvest on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Xtrackers Harvest CSI or generate 0.0% return on investment in Xtrackers Harvest over 690 days. Xtrackers Harvest is related to or competes with Xtrackers Harvest, Direxion Daily, IShares MSCI, and KraneShares Bosera. The index is designed to reflect the price fluctuation and performance of small-cap companies in the China A-Share marke... More
Xtrackers Harvest Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Xtrackers Harvest's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Xtrackers Harvest CSI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.64 | |||
| Information Ratio | 0.0611 | |||
| Maximum Drawdown | 26.78 | |||
| Value At Risk | (4.83) | |||
| Potential Upside | 8.24 |
Xtrackers Harvest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers Harvest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers Harvest's standard deviation. In reality, there are many statistical measures that can use Xtrackers Harvest historical prices to predict the future Xtrackers Harvest's volatility.| Risk Adjusted Performance | 0.0796 | |||
| Jensen Alpha | 0.3725 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0663 | |||
| Treynor Ratio | (3.48) |
Xtrackers Harvest CSI Backtested Returns
Xtrackers Harvest appears to be not too volatile, given 3 months investment horizon. Xtrackers Harvest CSI shows Sharpe Ratio of 0.1, which attests that the etf had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xtrackers Harvest CSI, which you can use to evaluate the volatility of the etf. Please utilize Xtrackers Harvest's Market Risk Adjusted Performance of (3.47), downside deviation of 3.64, and Mean Deviation of 2.54 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xtrackers Harvest are expected to decrease at a much lower rate. During the bear market, Xtrackers Harvest is likely to outperform the market.
Auto-correlation | -0.23 |
Weak reverse predictability
Xtrackers Harvest CSI has weak reverse predictability. Overlapping area represents the amount of predictability between Xtrackers Harvest time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Xtrackers Harvest CSI price movement. The serial correlation of -0.23 indicates that over 23.0% of current Xtrackers Harvest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 5.27 |
Xtrackers Harvest CSI lagged returns against current returns
Autocorrelation, which is Xtrackers Harvest etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Xtrackers Harvest's etf expected returns. We can calculate the autocorrelation of Xtrackers Harvest returns to help us make a trade decision. For example, suppose you find that Xtrackers Harvest has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Xtrackers Harvest regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Xtrackers Harvest etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers Harvest etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers Harvest etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers Harvest Lagged Returns
When evaluating Xtrackers Harvest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers Harvest etf have on its future price. Xtrackers Harvest autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Xtrackers Harvest autocorrelation shows the relationship between Xtrackers Harvest etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers Harvest CSI.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Xtrackers Harvest Correlation, Xtrackers Harvest Volatility and Xtrackers Harvest Alpha and Beta module to complement your research on Xtrackers Harvest. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Xtrackers Harvest technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.