Xtrackers Low Beta Etf Market Value
| HYDW Etf | USD 46.70 0.21 0.45% |
| Symbol | Xtrackers |
The market value of Xtrackers Low Beta 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 Low's value that differs from its market value or its book value, called intrinsic value, which is Xtrackers Low'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 Low's market value can be influenced by many factors that don't directly affect Xtrackers Low'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 Low's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers Low is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers Low'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 Low '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 Low'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 Low.
| 01/12/2023 |
| 12/02/2024 |
If you would invest 0.00 in Xtrackers Low on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Xtrackers Low Beta or generate 0.0% return on investment in Xtrackers Low over 690 days. Xtrackers Low is related to or competes with Xtrackers High, Xtrackers Short, Goldman Sachs, FlexShares High, and Fidelity High. The fund will invest at least 80 percent of its total assets, in component securities of the underlying index More
Xtrackers Low 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 Low'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 Low Beta upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1979 | |||
| Information Ratio | (0.66) | |||
| Maximum Drawdown | 0.9018 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.3206 |
Xtrackers Low Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers Low's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers Low's standard deviation. In reality, there are many statistical measures that can use Xtrackers Low historical prices to predict the future Xtrackers Low's volatility.| Risk Adjusted Performance | 0.0309 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.62) | |||
| Treynor Ratio | 0.0622 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xtrackers Low'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 Low Beta Backtested Returns
At this stage we consider Xtrackers Etf to be very steady. Xtrackers Low Beta shows Sharpe Ratio of 0.0954, which attests that the etf had a 0.0954% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Xtrackers Low Beta, which you can use to evaluate the volatility of the etf. Please check out Xtrackers Low's Market Risk Adjusted Performance of 0.0722, downside deviation of 0.1979, and Mean Deviation of 0.1429 to validate if the risk estimate we provide is consistent with the expected return of 0.0179%. The entity maintains a market beta of 0.082, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xtrackers Low's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xtrackers Low is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
Xtrackers Low Beta has average predictability. Overlapping area represents the amount of predictability between Xtrackers Low time series from 12th of January 2023 to 23rd of December 2023 and 23rd of December 2023 to 2nd 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 Low Beta price movement. The serial correlation of 0.47 indicates that about 47.0% of current Xtrackers Low price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
Xtrackers Low Beta lagged returns against current returns
Autocorrelation, which is Xtrackers Low 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 Low's etf expected returns. We can calculate the autocorrelation of Xtrackers Low returns to help us make a trade decision. For example, suppose you find that Xtrackers Low 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 Low 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 Low etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers Low etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers Low etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers Low Lagged Returns
When evaluating Xtrackers Low's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers Low etf have on its future price. Xtrackers Low 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 Low autocorrelation shows the relationship between Xtrackers Low etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers Low Beta.
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 Low Beta is a strong investment it is important to analyze Xtrackers Low's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Xtrackers Low's future performance. For an informed investment choice regarding Xtrackers Etf, refer to the following important reports:Check out Xtrackers Low Correlation, Xtrackers Low Volatility and Xtrackers Low Alpha and Beta module to complement your research on Xtrackers Low. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Xtrackers Low 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.