Xtrackers Short Duration Etf Market Value
| SHYL Etf | USD 45.42 0.06 0.13% |
| Symbol | Xtrackers |
The market value of Xtrackers Short Duration 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 Short's value that differs from its market value or its book value, called intrinsic value, which is Xtrackers Short'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 Short's market value can be influenced by many factors that don't directly affect Xtrackers Short'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 Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers Short'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 Short '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 Short'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 Short.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Xtrackers Short on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Xtrackers Short Duration or generate 0.0% return on investment in Xtrackers Short over 90 days. Xtrackers Short is related to or competes with Xtrackers High, Xtrackers Low, IShares Edge, PGIM Active, and FlexShares High. The fund will invest at least 80 percent of its total assets in component securities of the underlying index More
Xtrackers Short 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 Short'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 Short Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1459 | |||
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 0.7981 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.3119 |
Xtrackers Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers Short's standard deviation. In reality, there are many statistical measures that can use Xtrackers Short historical prices to predict the future Xtrackers Short's volatility.| Risk Adjusted Performance | 0.1368 | |||
| Jensen Alpha | 0.0148 | |||
| Total Risk Alpha | 0.0014 | |||
| Sortino Ratio | (0.63) | |||
| Treynor Ratio | 0.2489 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xtrackers Short'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 Short Duration Backtested Returns
As of now, Xtrackers Etf is very steady. Xtrackers Short Duration shows Sharpe Ratio of 0.24, which attests that the etf had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Xtrackers Short Duration, which you can use to evaluate the volatility of the etf. Please check out Xtrackers Short's Market Risk Adjusted Performance of 0.2589, coefficient of variation of 447.2, and Mean Deviation of 0.1383 to validate if the risk estimate we provide is consistent with the expected return of 0.0413%. The entity maintains a market beta of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xtrackers Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xtrackers Short is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
Xtrackers Short Duration has modest predictability. Overlapping area represents the amount of predictability between Xtrackers Short time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Short Duration price movement. The serial correlation of 0.51 indicates that about 51.0% of current Xtrackers Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Xtrackers Short Duration lagged returns against current returns
Autocorrelation, which is Xtrackers Short 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 Short's etf expected returns. We can calculate the autocorrelation of Xtrackers Short returns to help us make a trade decision. For example, suppose you find that Xtrackers Short 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 Short 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 Short etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers Short etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers Short etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers Short Lagged Returns
When evaluating Xtrackers Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers Short etf have on its future price. Xtrackers Short 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 Short autocorrelation shows the relationship between Xtrackers Short etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers Short Duration.
Regressed Prices |
| Timeline |
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Xtrackers Short 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.