Xtrackers 0 1 Year Etf Market Value
| TRSY Etf | USD 30.16 0.01 0.03% |
| Symbol | Xtrackers |
The market value of Xtrackers 0 1 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' value that differs from its market value or its book value, called intrinsic value, which is Xtrackers' 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' market value can be influenced by many factors that don't directly affect Xtrackers' 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' value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers' 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 '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' 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.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Xtrackers on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Xtrackers 0 1 Year or generate 0.0% return on investment in Xtrackers over 30 days. Xtrackers is related to or competes with US Treasury, Tidal Trust, Franklin Liberty, SPDR Bloomberg, US Treasury, Vanguard Extended, and Bondbloxx ETF. More
Xtrackers 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' 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 0 1 Year upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (3.81) | |||
| Maximum Drawdown | 0.0666 | |||
| Potential Upside | 0.0664 |
Xtrackers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers' standard deviation. In reality, there are many statistical measures that can use Xtrackers historical prices to predict the future Xtrackers' volatility.| Risk Adjusted Performance | 0.2305 | |||
| Jensen Alpha | 0.0062 | |||
| Total Risk Alpha | 0.0037 | |||
| Treynor Ratio | (5.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xtrackers' 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 0 1 Backtested Returns
At this stage we consider Xtrackers Etf to be very steady. Xtrackers 0 1 shows Sharpe Ratio of 0.75, which attests that the etf had a 0.75% return per unit of risk over the last 3 months. We have found twenty technical indicators for Xtrackers 0 1, which you can use to evaluate the volatility of the etf. Please check out Xtrackers' Mean Deviation of 0.0187, market risk adjusted performance of (5.06), and Standard Deviation of 0.0208 to validate if the risk estimate we provide is consistent with the expected return of 0.0156%. The entity maintains a market beta of -0.0012, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xtrackers are expected to decrease at a much lower rate. During the bear market, Xtrackers is likely to outperform the market.
Auto-correlation | 0.93 |
Excellent predictability
Xtrackers 0 1 Year has excellent predictability. Overlapping area represents the amount of predictability between Xtrackers time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 0 1 price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Xtrackers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Xtrackers 0 1 lagged returns against current returns
Autocorrelation, which is Xtrackers 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' etf expected returns. We can calculate the autocorrelation of Xtrackers returns to help us make a trade decision. For example, suppose you find that Xtrackers 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 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers Lagged Returns
When evaluating Xtrackers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers etf have on its future price. Xtrackers 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 autocorrelation shows the relationship between Xtrackers etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers 0 1 Year.
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.When determining whether Xtrackers 0 1 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Xtrackers' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Xtrackers 0 1 Year Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Xtrackers 0 1 Year Etf:Check out Xtrackers Correlation, Xtrackers Volatility and Xtrackers Alpha and Beta module to complement your research on Xtrackers. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Xtrackers 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.