Dgaz Etf Performance
The etf owns a Beta (Systematic Risk) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and DGAZ are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days DGAZ has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, DGAZ is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
| Fifty Two Week Low | 86.30 | |
| Fifty Two Week High | 589.39 |
DGAZ |
DGAZ Relative Risk vs. Return Landscape
If you would invest (100.00) in DGAZ on January 26, 2024 and sell it today you would earn a total of 100.00 from holding DGAZ or generate -100.0% return on investment over 90 days. DGAZ is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than DGAZ, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
DGAZ Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for DGAZ's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as DGAZ, and traders can use it to determine the average amount a DGAZ'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 = 0.0
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| DGAZ |
Based on monthly moving average DGAZ is not performing at its full potential. However, 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 DGAZ by adding DGAZ to a well-diversified portfolio.
DGAZ Fundamentals Growth
DGAZ Etf prices reflect investors' perceptions of the future prospects and financial health of DGAZ, and DGAZ 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 DGAZ Etf performance.
| Total Asset | 100.31 M | |||
| DGAZ is not yet fully synchronised with the market data | |
| DGAZ has some characteristics of a very speculative penny stock | |
| DGAZ created five year return of -31.0% | |
| This fund retains all of the assets under management (AUM) in different types of exotic instruments |
Check out Investing Opportunities to better understand how to build diversified portfolios. 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 DGAZ information on this page should be used as a complementary analysis to other DGAZ'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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Tools for DGAZ Etf
When running DGAZ's price analysis, check to measure DGAZ'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 DGAZ is operating at the current time. Most of DGAZ's value examination focuses on studying past and present price action to predict the probability of DGAZ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DGAZ's price. Additionally, you may evaluate how the addition of DGAZ to your portfolios can decrease your overall portfolio volatility.
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