Xtrackers LevDAX (Germany) Market Value
| DBPE Etf | EUR 184.22 0.26 0.14% |
| Symbol | Xtrackers |
Xtrackers LevDAX '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 LevDAX'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 LevDAX.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Xtrackers LevDAX on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Xtrackers LevDAX or generate 0.0% return on investment in Xtrackers LevDAX over 540 days. Xtrackers LevDAX is related to or competes with Xtrackers FTSE. The aim is for the investment to reflect the performance of the LevDAX Index which provides two times the performance of... More
Xtrackers LevDAX 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 LevDAX'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 LevDAX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.84 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 2.07 |
Xtrackers LevDAX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers LevDAX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers LevDAX's standard deviation. In reality, there are many statistical measures that can use Xtrackers LevDAX historical prices to predict the future Xtrackers LevDAX's volatility.| Risk Adjusted Performance | 0.0426 | |||
| Jensen Alpha | 0.0862 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xtrackers LevDAX'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 LevDAX Backtested Returns
At this point, Xtrackers LevDAX is very steady. Xtrackers LevDAX shows Sharpe Ratio of 0.0284, which attests that the etf had a 0.0284% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Xtrackers LevDAX, which you can use to evaluate the volatility of the etf. Please check out Xtrackers LevDAX's Mean Deviation of 1.28, market risk adjusted performance of (0.43), and Downside Deviation of 1.67 to validate if the risk estimate we provide is consistent with the expected return of 0.0457%. The entity maintains a market beta of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xtrackers LevDAX are expected to decrease at a much lower rate. During the bear market, Xtrackers LevDAX is likely to outperform the market.
Auto-correlation | 0.49 |
Average predictability
Xtrackers LevDAX has average predictability. Overlapping area represents the amount of predictability between Xtrackers LevDAX time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 LevDAX price movement. The serial correlation of 0.49 indicates that about 49.0% of current Xtrackers LevDAX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 67.79 |
Xtrackers LevDAX lagged returns against current returns
Autocorrelation, which is Xtrackers LevDAX 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 LevDAX's etf expected returns. We can calculate the autocorrelation of Xtrackers LevDAX returns to help us make a trade decision. For example, suppose you find that Xtrackers LevDAX 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 LevDAX 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 LevDAX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers LevDAX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers LevDAX etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers LevDAX Lagged Returns
When evaluating Xtrackers LevDAX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers LevDAX etf have on its future price. Xtrackers LevDAX 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 LevDAX autocorrelation shows the relationship between Xtrackers LevDAX etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers LevDAX.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xtrackers Etf
Xtrackers LevDAX 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 LevDAX security.