Xtrackers California Municipal Etf Volatility

CA Etf  USD 25.27  0.01  0.04%   
We consider Xtrackers California very steady. Xtrackers California shows Sharpe Ratio of 0.0348, which attests that the etf had 0.0348% return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for Xtrackers California, which you can use to evaluate the future volatility of the etf. Please check out Xtrackers California's Mean Deviation of 0.1469, coefficient of variation of 1811.94, and Semi Deviation of 0.1763 to validate if the risk estimate we provide is consistent with the expected return of 0.0074%. Key indicators related to Xtrackers California's volatility include:
540 Days Market Risk
Chance Of Distress
540 Days Economic Sensitivity
Xtrackers California Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Xtrackers daily returns, and it is calculated using variance and standard deviation. We also use Xtrackers's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Xtrackers California volatility.
  

Xtrackers California Etf Volatility Analysis

Volatility refers to the frequency at which Xtrackers California etf price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Xtrackers California's price changes. Investors will then calculate the volatility of Xtrackers California's etf to predict their future moves. A etf that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A etf with relatively stable price changes has low volatility. A highly volatile etf is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Xtrackers California's volatility:

Historical Volatility

This type of etf volatility measures Xtrackers California's fluctuations based on previous trends. It's commonly used to predict Xtrackers California's future behavior based on its past. However, it cannot conclusively determine the future direction of the etf.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Xtrackers California's current market price. This means that the etf will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Xtrackers California's to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Xtrackers California Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.

Xtrackers California Projected Return Density Against Market

Allowing for the 90-day total investment horizon Xtrackers California has a beta that is very close to zero suggesting the returns on NYSE COMPOSITE and Xtrackers California do not appear to be sensitive.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Xtrackers California or Municipals ETFs sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Xtrackers California's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Xtrackers etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
It does not look like the company alpha can have any bearing on the current equity valuation.
   Predicted Return Density   
       Returns  
Xtrackers California's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how xtrackers etf's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a Xtrackers California Price Volatility?

Several factors can influence a etf's market volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

Xtrackers California Etf Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Xtrackers California or Municipals ETFs sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Xtrackers California's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Xtrackers etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Allowing for the 90-day total investment horizon the coefficient of variation of Xtrackers California is 2872.67. The daily returns are distributed with a variance of 0.04 and standard deviation of 0.21. The mean deviation of Xtrackers California Municipal is currently at 0.15. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.63
α
Alpha over NYSE Composite
0.00
β
Beta against NYSE Composite0.00
σ
Overall volatility
0.21
Ir
Information ratio -0.63

Xtrackers California Etf Return Volatility

Xtrackers California historical daily return volatility represents how much of Xtrackers California etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The ETF accepts 0.2116% volatility on return distribution over the 90 days horizon. By contrast, NYSE Composite accepts 0.5953% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About Xtrackers California Volatility

Volatility is a rate at which the price of Xtrackers California or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Xtrackers California may increase or decrease. In other words, similar to Xtrackers's beta indicator, it measures the risk of Xtrackers California and helps estimate the fluctuations that may happen in a short period of time. So if prices of Xtrackers California fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
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.
Xtrackers California's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Xtrackers Etf over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Xtrackers California's price varies over time.

3 ways to utilize Xtrackers California's volatility to invest better

Higher Xtrackers California's etf volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Xtrackers California etf is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Xtrackers California etf volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Xtrackers California investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in Xtrackers California's etf can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of Xtrackers California's etf relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

Xtrackers California Investment Opportunity

NYSE Composite has a standard deviation of returns of 0.6 and is 2.86 times more volatile than Xtrackers California Municipal. of all equities and portfolios are less risky than Xtrackers California. Compared to the overall equity markets, volatility of historical daily returns of Xtrackers California Municipal is lower than 1 () of all global equities and portfolios over the last 90 days. Use Xtrackers California Municipal to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The etf experiences a normal downward trend and little activity. Check odds of Xtrackers California to be traded at $25.02 in 90 days.

Xtrackers California Additional Risk Indicators

The analysis of Xtrackers California's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Xtrackers California's investment and either accepting that risk or mitigating it. Along with some common measures of Xtrackers California etf's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential etfs, we recommend comparing similar etfs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Xtrackers California Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Xtrackers California as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Xtrackers California's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Xtrackers California's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Xtrackers California Municipal.
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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

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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.