Deka Deutsche's market value is the price at which a share of Deka Deutsche trades on a public exchange. It measures the collective expectations of Deka Deutsche B195182rse investors about its performance. Deka Deutsche is trading at 90.70 as of the 16th of December 2024, a 0.25 percent decrease since the beginning of the trading day. The etf's lowest day price was 90.7. With this module, you can estimate the performance of a buy and hold strategy of Deka Deutsche B195182rse and determine expected loss or profit from investing in Deka Deutsche over a given investment horizon. Check out Investing Opportunities 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
Deka
Deka Deutsche '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 Deka Deutsche'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 Deka Deutsche.
0.00
12/27/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
12/16/2024
0.00
If you would invest 0.00 in Deka Deutsche on December 27, 2022 and sell it all today you would earn a total of 0.00 from holding Deka Deutsche B195182rse or generate 0.0% return on investment in Deka Deutsche over 720 days.
Deka Deutsche 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 Deka Deutsche'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 Deka Deutsche B195182rse 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 Deka Deutsche's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deka Deutsche's standard deviation. In reality, there are many statistical measures that can use Deka Deutsche historical prices to predict the future Deka Deutsche's volatility.
At this point, Deka Deutsche is very steady. Deka Deutsche B195182rse secures Sharpe Ratio (or Efficiency) of 0.03, which denotes the etf had a 0.03% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Deka Deutsche B195182rse, which you can use to evaluate the volatility of the entity. Please confirm Deka Deutsche's Downside Deviation of 0.1937, mean deviation of 0.1477, and Coefficient Of Variation of 3190.37 to check if the risk estimate we provide is consistent with the expected return of 0.0054%. The etf shows a Beta (market volatility) of 0.0252, which means not very significant fluctuations relative to the market. As returns on the market increase, Deka Deutsche's returns are expected to increase less than the market. However, during the bear market, the loss of holding Deka Deutsche is expected to be smaller as well.
Auto-correlation
0.12
Insignificant predictability
Deka Deutsche B195182rse has insignificant predictability. Overlapping area represents the amount of predictability between Deka Deutsche time series from 27th of December 2022 to 22nd of December 2023 and 22nd of December 2023 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 Deka Deutsche B195182rse price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Deka Deutsche price fluctuation can be explain by its past prices.
Correlation Coefficient
0.12
Spearman Rank Test
0.0
Residual Average
0.0
Price Variance
1.38
Deka Deutsche B195182rse lagged returns against current returns
Autocorrelation, which is Deka Deutsche 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 Deka Deutsche's etf expected returns. We can calculate the autocorrelation of Deka Deutsche returns to help us make a trade decision. For example, suppose you find that Deka Deutsche 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
Deka Deutsche 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 Deka Deutsche etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deka Deutsche etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deka Deutsche etf over time.
Current vs Lagged Prices
Timeline
Deka Deutsche Lagged Returns
When evaluating Deka Deutsche's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deka Deutsche etf have on its future price. Deka Deutsche 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, Deka Deutsche autocorrelation shows the relationship between Deka Deutsche etf current value and its past values and can show if there is a momentum factor associated with investing in Deka Deutsche B195182rse.
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.