Xtrackers California Municipal Etf Performance

CA Etf  USD 25.27  0.01  0.04%   
The entity maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Xtrackers California are completely uncorrelated. Our main philosophy towards determining future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Xtrackers California Municipal are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Xtrackers California is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
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Xtrackers California Relative Risk vs. Return Landscape

If you would invest  2,522  in Xtrackers California Municipal on December 20, 2023 and sell it today you would earn a total of  5.00  from holding Xtrackers California Municipal or generate 0.2% return on investment over 90 days. Xtrackers California Municipal is generating 0.0035% of daily returns and assumes 0.2113% volatility on return distribution over the 90 days horizon. Put differently, 1% of etfs are less risky than Xtrackers on the basis of their historical return distribution, and some 99% of all equities are expected to be superior in generating returns on investments over the next 90 days.
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Allowing for the 90-day total investment horizon Xtrackers California is expected to generate 37.77 times less return on investment than the market. But when comparing it to its historical volatility, the company is 2.67 times less risky than the market. It trades about 0.02 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.23 of returns per unit of risk over similar time horizon.

Xtrackers California Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers California's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Xtrackers California Municipal, and traders can use it to determine the average amount a Xtrackers California's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0166

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Estimated Market Risk

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99% of assets perform better
Based on monthly moving average Xtrackers California is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Xtrackers California by adding it to a well-diversified portfolio.

Xtrackers California Fundamentals Growth

Xtrackers Etf prices reflect investors' perceptions of the future prospects and financial health of Xtrackers California, and Xtrackers California fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Xtrackers Etf performance.

About Xtrackers California Performance

To evaluate Xtrackers California Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Xtrackers California generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Xtrackers Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Xtrackers California market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Xtrackers's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
CA, Inc., doing business as CA technologies, develops, markets, delivers, and licenses software products and services in the United States and internationally. CA, Inc. was founded in 1974 and is headquartered in New York, New York. CA operates under Software - Infrastructure classification in USA and is traded on BATS Exchange. It employs 11300 people.

Things to note about Xtrackers California performance evaluation

Checking the ongoing alerts about Xtrackers California for important developments is a great way to find new opportunities for your next move. Etf alerts and notifications screener for Xtrackers California help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Xtrackers California Municipal reports about 3.33 B in cash with (526.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.14.
Roughly 72.0% of the company shares are held by institutions such as insurance companies
Latest headline from finance.yahoo.com: TurnOnGreen Expands Electric Vehicle Charging Infrastructure Across Select Tenet Health Facilities
Evaluating Xtrackers California's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Xtrackers California's etf performance include:
  • Analyzing Xtrackers California's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Xtrackers California's stock is overvalued or undervalued compared to its peers.
  • Examining Xtrackers California's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Xtrackers California's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Xtrackers California's management team can help you assess the ETF's leadership.
  • Pay attention to analyst opinions and ratings of Xtrackers California's etf. These opinions can provide insight into Xtrackers California's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Xtrackers California's etf performance is not an exact science, and many factors can impact Xtrackers California's etf market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
When determining whether Xtrackers California offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Xtrackers California's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Xtrackers California Municipal Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Xtrackers California Municipal Etf:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xtrackers California Municipal. Also, note that the market value of any ETF could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Xtrackers California information on this page should be used as a complementary analysis to other Xtrackers California's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for Xtrackers Etf analysis

When running Xtrackers California's price analysis, check to measure Xtrackers California's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Xtrackers California is operating at the current time. Most of Xtrackers California's value examination focuses on studying past and present price action to predict the probability of Xtrackers California's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xtrackers California's price. Additionally, you may evaluate how the addition of Xtrackers California to your portfolios can decrease your overall portfolio volatility.
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The market value of Xtrackers California 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 California's value that differs from its market value or its book value, called intrinsic value, which is Xtrackers California'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 California's market value can be influenced by many factors that don't directly affect Xtrackers California'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 California's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers California'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.