Xtrackers Nifty (Germany) Market Value
| DBX7 Etf | EUR 266.80 2.50 0.95% |
| Symbol | Xtrackers |
Xtrackers Nifty '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 Nifty'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 Nifty.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Xtrackers Nifty on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Xtrackers Nifty or generate 0.0% return on investment in Xtrackers Nifty over 30 days. Xtrackers Nifty is related to or competes with Xtrackers FTSE. XTR NIFTY is traded on Frankfurt Stock Exchange in Germany. More
Xtrackers Nifty 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 Nifty'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 Nifty upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8518 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.97 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.16 |
Xtrackers Nifty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers Nifty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers Nifty's standard deviation. In reality, there are many statistical measures that can use Xtrackers Nifty historical prices to predict the future Xtrackers Nifty's volatility.| Risk Adjusted Performance | 0.0344 | |||
| Jensen Alpha | 0.0236 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.5133 |
Xtrackers Nifty Backtested Returns
At this point, Xtrackers Nifty is very steady. Xtrackers Nifty shows Sharpe Ratio of 0.0479, which attests that the etf had a 0.0479% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xtrackers Nifty, which you can use to evaluate the volatility of the etf. Please check out Xtrackers Nifty's Downside Deviation of 0.8518, mean deviation of 0.6135, and Market Risk Adjusted Performance of 0.5233 to validate if the risk estimate we provide is consistent with the expected return of 0.041%. The entity maintains a market beta of 0.0557, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xtrackers Nifty's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xtrackers Nifty is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
Xtrackers Nifty has modest predictability. Overlapping area represents the amount of predictability between Xtrackers Nifty time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Nifty price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Xtrackers Nifty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 2.55 |
Xtrackers Nifty lagged returns against current returns
Autocorrelation, which is Xtrackers Nifty 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 Nifty's etf expected returns. We can calculate the autocorrelation of Xtrackers Nifty returns to help us make a trade decision. For example, suppose you find that Xtrackers Nifty 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 Nifty 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 Nifty etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers Nifty etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers Nifty etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers Nifty Lagged Returns
When evaluating Xtrackers Nifty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers Nifty etf have on its future price. Xtrackers Nifty 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 Nifty autocorrelation shows the relationship between Xtrackers Nifty etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers Nifty.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xtrackers Etf
Xtrackers Nifty 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 Nifty security.