Xtrackers (Germany) Market Value

DBPG Etf  EUR 229.65  0.95  0.42%   
Xtrackers' market value is the price at which a share of Xtrackers trades on a public exchange. It measures the collective expectations of Xtrackers SP investors about its performance. Xtrackers is trading at 229.65 as of the 24th of December 2024. This is a 0.42 percent increase since the beginning of the trading day. The etf's lowest day price was 226.65.
With this module, you can estimate the performance of a buy and hold strategy of Xtrackers SP and determine expected loss or profit from investing in Xtrackers over a given investment horizon. Check out Xtrackers Correlation, Xtrackers Volatility and Xtrackers Alpha and Beta module to complement your research on Xtrackers.
Symbol

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.
0.00
11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
0.00
If you would invest  0.00  in Xtrackers on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Xtrackers SP or generate 0.0% return on investment in Xtrackers over 30 days. Xtrackers is related to or competes with UBS Fund, Xtrackers, Xtrackers Nikkei, IShares VII, SPDR Gold, Vanguard Funds, and IShares Nikkei. The aim is for the investment to reflect the performance of the SP 500 2x Leveraged Daily Index which provides two times... 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 SP upside and downside potential and time the market with a certain degree of confidence.

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.
Hype
Prediction
LowEstimatedHigh
228.17229.65231.13
Details
Intrinsic
Valuation
LowRealHigh
206.69247.15248.63
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Xtrackers. Your research has to be compared to or analyzed against Xtrackers' peers to derive any actionable benefits. When done correctly, Xtrackers' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Xtrackers SP.

Xtrackers SP Backtested Returns

Xtrackers appears to be very steady, given 3 months investment horizon. Xtrackers SP shows Sharpe Ratio of 0.15, which attests that the etf had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xtrackers SP, which you can use to evaluate the volatility of the etf. Please utilize Xtrackers' Downside Deviation of 1.58, market risk adjusted performance of 0.6164, and Mean Deviation of 0.9132 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.35, which attests to possible diversification benefits within a given portfolio. 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

    
  -0.6  

Good reverse predictability

Xtrackers SP has good reverse predictability. Overlapping area represents the amount of predictability between Xtrackers time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 SP price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Xtrackers price fluctuation can be explain by its past prices.
Correlation Coefficient-0.6
Spearman Rank Test-0.59
Residual Average0.0
Price Variance13.44

Xtrackers SP 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 SP.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Xtrackers Etf

Xtrackers 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 security.