Xtrackers Msci Japan Etf Market Value
| DBJP Etf | USD 73.16 0.59 0.81% |
| Symbol | Xtrackers |
The market value of Xtrackers MSCI Japan 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 MSCI's value that differs from its market value or its book value, called intrinsic value, which is Xtrackers MSCI'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 MSCI's market value can be influenced by many factors that don't directly affect Xtrackers MSCI'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 MSCI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers MSCI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers MSCI'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 MSCI '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 MSCI'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 MSCI.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Xtrackers MSCI on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Xtrackers MSCI Japan or generate 0.0% return on investment in Xtrackers MSCI over 30 days. Xtrackers MSCI is related to or competes with WisdomTree Europe, WisdomTree Europe, and IShares MSCI. The fund, using a passive or indexing investment approach, seeks investment results that correspond generally to the per... More
Xtrackers MSCI 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 MSCI'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 MSCI Japan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8765 | |||
| Information Ratio | 0.0311 | |||
| Maximum Drawdown | 4.39 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.38 |
Xtrackers MSCI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers MSCI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers MSCI's standard deviation. In reality, there are many statistical measures that can use Xtrackers MSCI historical prices to predict the future Xtrackers MSCI's volatility.| Risk Adjusted Performance | 0.092 | |||
| Jensen Alpha | 0.0644 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0301 | |||
| Treynor Ratio | 0.2014 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xtrackers MSCI'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 MSCI Japan Backtested Returns
We consider Xtrackers MSCI very steady. Xtrackers MSCI Japan shows Sharpe Ratio of 0.18, which attests that the etf had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Xtrackers MSCI Japan, which you can use to evaluate the volatility of the etf. Please check out Xtrackers MSCI's Downside Deviation of 0.8765, market risk adjusted performance of 0.2114, and Mean Deviation of 0.6633 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The entity maintains a market beta of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xtrackers MSCI's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xtrackers MSCI is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Xtrackers MSCI Japan has good predictability. Overlapping area represents the amount of predictability between Xtrackers MSCI time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 MSCI Japan price movement. The serial correlation of 0.73 indicates that around 73.0% of current Xtrackers MSCI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.76 |
Xtrackers MSCI Japan lagged returns against current returns
Autocorrelation, which is Xtrackers MSCI 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 MSCI's etf expected returns. We can calculate the autocorrelation of Xtrackers MSCI returns to help us make a trade decision. For example, suppose you find that Xtrackers MSCI 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 MSCI 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 MSCI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers MSCI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers MSCI etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers MSCI Lagged Returns
When evaluating Xtrackers MSCI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers MSCI etf have on its future price. Xtrackers MSCI 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 MSCI autocorrelation shows the relationship between Xtrackers MSCI etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers MSCI Japan.
Regressed Prices |
| Timeline |
Pair Trading with Xtrackers MSCI
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Xtrackers MSCI position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Xtrackers MSCI will appreciate offsetting losses from the drop in the long position's value.Moving together with Xtrackers Etf
| 0.89 | EWJ | iShares MSCI Japan | PairCorr |
| 0.91 | BBJP | JPMorgan BetaBuilders | PairCorr |
| 0.99 | DXJ | WisdomTree Japan Hedged | PairCorr |
| 0.91 | FLJP | Franklin FTSE Japan | PairCorr |
| 1.0 | HEWJ | iShares Currency Hedged | PairCorr |
Moving against Xtrackers Etf
| 0.91 | BITI | ProShares Trust Buyout Trend | PairCorr |
| 0.68 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
The ability to find closely correlated positions to Xtrackers MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtrackers MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Xtrackers MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Xtrackers MSCI Japan to buy it.
The correlation of Xtrackers MSCI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xtrackers MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtrackers MSCI Japan moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Xtrackers MSCI can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Xtrackers MSCI Correlation, Xtrackers MSCI Volatility and Xtrackers MSCI Alpha and Beta module to complement your research on Xtrackers MSCI. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Xtrackers MSCI 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.