Xtrackers USD's market value is the price at which a share of Xtrackers USD trades on a public exchange. It measures the collective expectations of Xtrackers USD Corporate investors about its performance. Xtrackers USD is selling for under 30.59 as of the 3rd of December 2024; that is 0.36 percent increase since the beginning of the trading day. The etf's lowest day price was 30.58. With this module, you can estimate the performance of a buy and hold strategy of Xtrackers USD Corporate and determine expected loss or profit from investing in Xtrackers USD over a given investment horizon. Check out Your Current Watchlist 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 USD '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 USD'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 USD.
0.00
12/14/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
12/03/2024
0.00
If you would invest 0.00 in Xtrackers USD on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Xtrackers USD Corporate or generate 0.0% return on investment in Xtrackers USD over 720 days.
Xtrackers USD 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 USD'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 USD Corporate 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 USD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers USD's standard deviation. In reality, there are many statistical measures that can use Xtrackers USD historical prices to predict the future Xtrackers USD's volatility.
At this stage we consider Xtrackers Etf to be very steady. Xtrackers USD Corporate shows Sharpe Ratio of 0.0179, which attests that the etf had a 0.0179% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xtrackers USD Corporate, which you can use to evaluate the volatility of the etf. Please check out Xtrackers USD's Market Risk Adjusted Performance of 0.4047, mean deviation of 0.1483, and Downside Deviation of 0.2513 to validate if the risk estimate we provide is consistent with the expected return of 0.0038%. The entity maintains a market beta of -0.0059, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xtrackers USD are expected to decrease at a much lower rate. During the bear market, Xtrackers USD is likely to outperform the market.
Auto-correlation
-0.42
Modest reverse predictability
Xtrackers USD Corporate has modest reverse predictability. Overlapping area represents the amount of predictability between Xtrackers USD time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd of December 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 USD Corporate price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Xtrackers USD price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.42
Spearman Rank Test
-0.14
Residual Average
0.0
Price Variance
0.43
Xtrackers USD Corporate lagged returns against current returns
Autocorrelation, which is Xtrackers USD 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 USD's etf expected returns. We can calculate the autocorrelation of Xtrackers USD returns to help us make a trade decision. For example, suppose you find that Xtrackers USD 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 USD 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 USD etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers USD etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers USD etf over time.
Current vs Lagged Prices
Timeline
Xtrackers USD Lagged Returns
When evaluating Xtrackers USD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers USD etf have on its future price. Xtrackers USD 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 USD autocorrelation shows the relationship between Xtrackers USD etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers USD Corporate.
Regressed Prices
Timeline
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