Xtrackers Usd High Etf Market Value
| BHYB Etf | 54.41 0.02 0.04% |
| Symbol | Xtrackers |
The market value of Xtrackers USD High 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 USD's value that differs from its market value or its book value, called intrinsic value, which is Xtrackers USD'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 USD's market value can be influenced by many factors that don't directly affect Xtrackers USD'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 USD's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers USD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers USD'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 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.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Xtrackers USD on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Xtrackers USD High or generate 0.0% return on investment in Xtrackers USD over 30 days. Xtrackers USD is related to or competes with VanEck Vectors, BondBloxx ETF, Vanguard ESG, Vanguard Intermediate, Vanguard Long, Vanguard Short, and Virtus ETF. Xtrackers USD is entity of United States More
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 High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1998 | |||
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 0.7591 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.2797 |
Xtrackers USD Market Risk Indicators
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.| Risk Adjusted Performance | 0.0584 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.51) | |||
| Treynor Ratio | 0.1028 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xtrackers USD'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 USD High Backtested Returns
At this point, Xtrackers USD is very steady. Xtrackers USD High 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-eight technical indicators for Xtrackers USD High, which you can use to evaluate the volatility of the etf. Please check out Xtrackers USD's Downside Deviation of 0.1998, market risk adjusted performance of 0.1128, and Mean Deviation of 0.1486 to validate if the risk estimate we provide is consistent with the expected return of 0.0227%. 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 USD's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xtrackers USD is expected to be smaller as well.
Auto-correlation | -0.37 |
Poor reverse predictability
Xtrackers USD High has poor reverse predictability. Overlapping area represents the amount of predictability between Xtrackers USD time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 High price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Xtrackers USD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Xtrackers USD High 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 High.
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 USD High offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Xtrackers USD's 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 Usd High Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Xtrackers Usd High Etf:Check out Xtrackers USD Correlation, Xtrackers USD Volatility and Xtrackers USD Alpha and Beta module to complement your research on Xtrackers USD. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Xtrackers USD 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.