Xtrackers Municipal Infrastructure Etf Market Value
| RVNU Etf | USD 25.91 0.04 0.15% |
| Symbol | Xtrackers |
The market value of Xtrackers Municipal 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 Municipal's value that differs from its market value or its book value, called intrinsic value, which is Xtrackers Municipal'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 Municipal's market value can be influenced by many factors that don't directly affect Xtrackers Municipal'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 Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers Municipal'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 Municipal '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 Municipal'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 Municipal.
| 03/02/2024 |
| 11/27/2024 |
If you would invest 0.00 in Xtrackers Municipal on March 2, 2024 and sell it all today you would earn a total of 0.00 from holding Xtrackers Municipal Infrastructure or generate 0.0% return on investment in Xtrackers Municipal over 270 days. Xtrackers Municipal is related to or competes with VanEck Long, VanEck Short, VanEck CEF, PIMCO Short, and Invesco New. The fund will invest at least 80 percent of its total assets in instruments that comprise the underlying index More
Xtrackers Municipal 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 Municipal'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 Municipal Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4225 | |||
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 2.29 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.5832 |
Xtrackers Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers Municipal's standard deviation. In reality, there are many statistical measures that can use Xtrackers Municipal historical prices to predict the future Xtrackers Municipal's volatility.| Risk Adjusted Performance | 0.027 | |||
| Jensen Alpha | 0.0255 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | (0.07) |
Xtrackers Municipal Backtested Returns
Currently, Xtrackers Municipal Infrastructure is very steady. Xtrackers Municipal shows Sharpe Ratio of 0.0611, which attests that the etf had a 0.0611% return per unit of risk over the last 3 months. We have found thirty technical indicators for Xtrackers Municipal, which you can use to evaluate the volatility of the etf. Please check out Xtrackers Municipal's Market Risk Adjusted Performance of (0.06), downside deviation of 0.4225, and Mean Deviation of 0.2639 to validate if the risk estimate we provide is consistent with the expected return of 0.0251%. 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 Municipal are expected to decrease at a much lower rate. During the bear market, Xtrackers Municipal is likely to outperform the market.
Auto-correlation | -0.34 |
Poor reverse predictability
Xtrackers Municipal Infrastructure has poor reverse predictability. Overlapping area represents the amount of predictability between Xtrackers Municipal time series from 2nd of March 2024 to 15th of July 2024 and 15th of July 2024 to 27th 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 Municipal price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Xtrackers Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Xtrackers Municipal lagged returns against current returns
Autocorrelation, which is Xtrackers Municipal 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 Municipal's etf expected returns. We can calculate the autocorrelation of Xtrackers Municipal returns to help us make a trade decision. For example, suppose you find that Xtrackers Municipal 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 Municipal 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 Municipal etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers Municipal etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers Municipal etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers Municipal Lagged Returns
When evaluating Xtrackers Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers Municipal etf have on its future price. Xtrackers Municipal 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 Municipal autocorrelation shows the relationship between Xtrackers Municipal etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers Municipal Infrastructure.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Xtrackers Municipal Correlation, Xtrackers Municipal Volatility and Xtrackers Municipal Alpha and Beta module to complement your research on Xtrackers Municipal. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Xtrackers Municipal 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.