Xtrackers' market value is the price at which a share of Xtrackers trades on a public exchange. It measures the collective expectations of Xtrackers II Global investors about its performance. Xtrackers is trading at 215.60 as of the 22nd of November 2024, a 0.28 percent increase since the beginning of the trading day. The etf's lowest day price was 214.71. With this module, you can estimate the performance of a buy and hold strategy of Xtrackers II Global and determine expected loss or profit from investing in Xtrackers 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 '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.
0.00
10/29/2023
No Change 0.00
0.0
In 1 year and 26 days
11/22/2024
0.00
If you would invest 0.00 in Xtrackers on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Xtrackers II Global or generate 0.0% return on investment in Xtrackers over 390 days.
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 II Global 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' 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.
Xtrackers II Global shows Sharpe Ratio of -0.09, which attests that the etf had a -0.09% return per unit of risk over the last 3 months. Xtrackers II Global exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xtrackers' Market Risk Adjusted Performance of (2.08), standard deviation of 0.3459, and Mean Deviation of 0.2803 to validate the risk estimate we provide. The entity maintains a market beta of 0.0162, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xtrackers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Xtrackers is expected to be smaller as well.
Auto-correlation
0.27
Poor predictability
Xtrackers II Global has poor predictability. Overlapping area represents the amount of predictability between Xtrackers time series from 29th of October 2023 to 11th of May 2024 and 11th of May 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 II Global price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Xtrackers price fluctuation can be explain by its past prices.
Correlation Coefficient
0.27
Spearman Rank Test
0.33
Residual Average
0.0
Price Variance
6.02
Xtrackers II Global 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 II Global.
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.