Xtrackers ESG (UK) Market Value
| XZ2G Etf | 7.65 0.01 0.13% |
| Symbol | Xtrackers |
Xtrackers ESG '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 ESG'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 ESG.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Xtrackers ESG on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Xtrackers ESG USD or generate 0.0% return on investment in Xtrackers ESG over 540 days. Xtrackers ESG is related to or competes with Vanguard FTSE, Leverage Shares, Amundi Index, Amundi Index, Albion Venture, Leverage Shares, and Leverage Shares. Xtrackers ESG is entity of United Kingdom More
Xtrackers ESG 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 ESG'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 ESG USD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.335 | |||
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 1.71 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.5284 |
Xtrackers ESG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers ESG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers ESG's standard deviation. In reality, there are many statistical measures that can use Xtrackers ESG historical prices to predict the future Xtrackers ESG's volatility.| Risk Adjusted Performance | 0.0684 | |||
| Jensen Alpha | 0.0196 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | 0.8929 |
Xtrackers ESG USD Backtested Returns
Currently, Xtrackers ESG USD is very steady. Xtrackers ESG USD shows Sharpe Ratio of 0.12, which attests that the etf had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xtrackers ESG USD, which you can use to evaluate the volatility of the etf. Please check out Xtrackers ESG's Market Risk Adjusted Performance of 0.9029, mean deviation of 0.2202, and Downside Deviation of 0.335 to validate if the risk estimate we provide is consistent with the expected return of 0.035%. The entity maintains a market beta of 0.0252, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xtrackers ESG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xtrackers ESG is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Xtrackers ESG USD has very good predictability. Overlapping area represents the amount of predictability between Xtrackers ESG time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 ESG USD price movement. The serial correlation of 0.81 indicates that around 81.0% of current Xtrackers ESG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Xtrackers ESG USD lagged returns against current returns
Autocorrelation, which is Xtrackers ESG 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 ESG's etf expected returns. We can calculate the autocorrelation of Xtrackers ESG returns to help us make a trade decision. For example, suppose you find that Xtrackers ESG 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 ESG 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 ESG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers ESG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers ESG etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers ESG Lagged Returns
When evaluating Xtrackers ESG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers ESG etf have on its future price. Xtrackers ESG 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 ESG autocorrelation shows the relationship between Xtrackers ESG etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers ESG USD.
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.Other Information on Investing in Xtrackers Etf
Xtrackers ESG financial ratios help investors to determine whether Xtrackers Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Xtrackers with respect to the benefits of owning Xtrackers ESG security.