Xtrackers FTSE (Germany) Market Value
| DX2K Etf | EUR 3.58 0.00 0.00% |
| 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.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Xtrackers FTSE on May 30, 2024 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 180 days. Xtrackers FTSE is related to or competes with SPDR Gold, and IShares Core. The aim is for the investment to reflect the performance of the FTSE 100 Daily Short Index which provides the opposite p... More
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.
| Downside Deviation | 0.6864 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.19 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 1.19 |
Xtrackers FTSE Market Risk Indicators
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.| Risk Adjusted Performance | 0.1111 | |||
| Jensen Alpha | 0.1006 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.58) |
Xtrackers FTSE Backtested Returns
At this point, Xtrackers FTSE is not too volatile. Xtrackers FTSE shows Sharpe Ratio of 0.14, which attests that the etf had a 0.14% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Xtrackers FTSE, which you can use to evaluate the volatility of the etf. Please check out Xtrackers FTSE's Mean Deviation of 0.4649, downside deviation of 0.6864, and Market Risk Adjusted Performance of (0.57) to validate if the risk estimate we provide is consistent with the expected return of 0.0933%. The entity maintains a market beta of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xtrackers FTSE are expected to decrease at a much lower rate. During the bear market, Xtrackers FTSE is likely to outperform the market.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Xtrackers FTSE has insignificant reverse predictability. Overlapping area represents the amount of predictability between Xtrackers FTSE time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 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 FTSE price movement. The serial correlation of -0.17 indicates that over 17.0% of current Xtrackers FTSE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Xtrackers Etf
Xtrackers FTSE 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 FTSE security.