Xtrackers FTSE's market value is the price at which a share of Xtrackers FTSE trades on a public exchange. It measures the collective expectations of Xtrackers FTSE investors about its performance. Xtrackers FTSE is trading at 29.45 as of the 29th of November 2024, a 0.86 percent increase since the beginning of the trading day. The etf's lowest day price was 29.18. With this module, you can estimate the performance of a buy and hold strategy of Xtrackers FTSE and determine expected loss or profit from investing in Xtrackers FTSE over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Xtrackers
Xtrackers FTSE '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 FTSE'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 FTSE.
0.00
06/08/2023
No Change 0.00
0.0
In 1 year 5 months and 25 days
11/29/2024
0.00
If you would invest 0.00 in Xtrackers FTSE on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Xtrackers FTSE or generate 0.0% return on investment in Xtrackers FTSE over 540 days.
Xtrackers FTSE 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 FTSE'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 FTSE upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers FTSE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers FTSE's standard deviation. In reality, there are many statistical measures that can use Xtrackers FTSE historical prices to predict the future Xtrackers FTSE's volatility.
Xtrackers FTSE appears to be very steady, given 3 months investment horizon. Xtrackers FTSE shows Sharpe Ratio of 0.11, which attests that the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xtrackers FTSE, which you can use to evaluate the volatility of the etf. Please utilize Xtrackers FTSE's Mean Deviation of 1.75, market risk adjusted performance of 1.08, and Downside Deviation of 2.59 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xtrackers FTSE's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xtrackers FTSE is expected to be smaller as well.
Auto-correlation
-0.71
Almost perfect reverse predictability
Xtrackers FTSE has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Xtrackers FTSE time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 FTSE price movement. The serial correlation of -0.71 indicates that around 71.0% of current Xtrackers FTSE price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.71
Spearman Rank Test
-0.47
Residual Average
0.0
Price Variance
8.01
Xtrackers FTSE lagged returns against current returns
Autocorrelation, which is Xtrackers FTSE 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 FTSE's etf expected returns. We can calculate the autocorrelation of Xtrackers FTSE returns to help us make a trade decision. For example, suppose you find that Xtrackers FTSE 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 FTSE 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 FTSE etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers FTSE etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers FTSE etf over time.
Current vs Lagged Prices
Timeline
Xtrackers FTSE Lagged Returns
When evaluating Xtrackers FTSE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers FTSE etf have on its future price. Xtrackers FTSE 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 FTSE autocorrelation shows the relationship between Xtrackers FTSE etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers FTSE.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.