Xtrackers ShortDAX (Germany) Market Value
| DBPD Etf | EUR 0.87 0.01 1.16% |
| Symbol | Xtrackers |
Xtrackers ShortDAX '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 ShortDAX'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 ShortDAX.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Xtrackers ShortDAX on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Xtrackers ShortDAX or generate 0.0% return on investment in Xtrackers ShortDAX over 30 days. Xtrackers ShortDAX is related to or competes with Xtrackers FTSE. The aim is for the investment to reflect the performance of the ShortDAX x2 Index which provides two times the opposite ... More
Xtrackers ShortDAX 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 ShortDAX'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 ShortDAX upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 6.94 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.47 |
Xtrackers ShortDAX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers ShortDAX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers ShortDAX's standard deviation. In reality, there are many statistical measures that can use Xtrackers ShortDAX historical prices to predict the future Xtrackers ShortDAX's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.43) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xtrackers ShortDAX's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Xtrackers ShortDAX Backtested Returns
Xtrackers ShortDAX shows Sharpe Ratio of -0.0142, which attests that the etf had a -0.0142% return per unit of risk over the last 3 months. Xtrackers ShortDAX exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xtrackers ShortDAX's Standard Deviation of 1.6, mean deviation of 1.26, and Market Risk Adjusted Performance of (0.42) to validate the risk estimate we provide. The entity maintains a market beta of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xtrackers ShortDAX's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xtrackers ShortDAX is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
Xtrackers ShortDAX has poor predictability. Overlapping area represents the amount of predictability between Xtrackers ShortDAX time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 ShortDAX price movement. The serial correlation of 0.25 indicates that over 25.0% of current Xtrackers ShortDAX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Xtrackers ShortDAX lagged returns against current returns
Autocorrelation, which is Xtrackers ShortDAX 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 ShortDAX's etf expected returns. We can calculate the autocorrelation of Xtrackers ShortDAX returns to help us make a trade decision. For example, suppose you find that Xtrackers ShortDAX 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 ShortDAX 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 ShortDAX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers ShortDAX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers ShortDAX etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers ShortDAX Lagged Returns
When evaluating Xtrackers ShortDAX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers ShortDAX etf have on its future price. Xtrackers ShortDAX 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 ShortDAX autocorrelation shows the relationship between Xtrackers ShortDAX etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers ShortDAX.
Regressed Prices |
| Timeline |
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Other Information on Investing in Xtrackers Etf
Xtrackers ShortDAX financial ratios help investors to determine whether Xtrackers Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Xtrackers with respect to the benefits of owning Xtrackers ShortDAX security.