Db Gold Double Etf Profile
| DGP Etf | USD 52.81 0.32 0.60% |
Performance17 of 100
| Odds Of DistressLess than 9
|
DB Gold is selling at 52.81 as of the 6th of May 2024; that is -0.6 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 52.52. DB Gold has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for DB Gold Double are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of April 2024 and ending today, the 6th of May 2024. Click here to learn more.
The index is intended to reflect changes in the market value of certain gold futures contracts and is comprised of a single unfunded gold futures contract. DB Gold is traded on NYSEARCA Exchange in the United States. More on DB Gold Double
Moving together with DGP Etf
| 0.98 | AGQ | ProShares Ultra Silver | PairCorr |
| 1.0 | UGL | ProShares Ultra Gold | PairCorr |
| 0.97 | GDXU | MicroSectors Gold Miners | PairCorr |
| 0.81 | UGLDF | VelocityShares 3x Long | PairCorr |
Moving against DGP Etf
| 0.78 | YCL | ProShares Ultra Yen | PairCorr |
| 0.73 | FXY | Invesco CurrencyShares | PairCorr |
| 0.5 | PFFL | ETRACS 2xMonthly Pay | PairCorr |
| 0.42 | ULE | ProShares Ultra Euro | PairCorr |
DGP Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. DB Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding DB Gold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Precious Metals ETFs, Gold ETFs, Trading--Leveraged Commodities, Deutsche Bank AG (View all Sectors) |
| Issuer | Deutsche Bank AG London |
| Inception Date | 2008-02-27 |
| Benchmark | Deutsche Bank Liquid Commodity Index - Optimum Yield Gold |
| Entity Type | Exchange-Traded Note |
| Average Trading Valume | 12,749.9 |
| Asset Type | Commodities |
| Category | Precious Metals |
| Focus | Gold |
| Market Concentration | Blended Development |
| Region | Global |
| Fiscal Year End | 30-Sep |
| Exchange | NYSE Arca, Inc. |
| Market Maker | Virtu Financial |
| Country Name | USA |
| Returns Y T D | 21.27 |
| Name | DB Gold Double Long ETN |
| Currency Code | USD |
| Open Figi | BBG000BB2G86 |
| In Threey Volatility | 27.58 |
| 1y Volatility | 26.59 |
| 200 Day M A | 42.954 |
| 50 Day M A | 50.1314 |
| Code | DGP |
| Updated At | 4th of May 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.42 |
| Type | ETF |
DB Gold Double [DGP] is traded in USA and was established 2008-02-27. The fund is classified under Trading--Leveraged Commodities category within Deutsche Bank AG family. The entity is thematically classified as Precious Metals ETFs. DB Gold Double currently have 88.7 M in assets under management (AUM). , while the total return for the last 3 years was 10.8%.
Check DB Gold Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on DGP Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding DGP Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as DB Gold Double Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
DB Gold Target Price Odds Analysis
In regard to a normal probability distribution, the odds of DB Gold jumping above the current price in 90 days from now is about 20.26%. The DB Gold Double probability density function shows the probability of DB Gold etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon DB Gold has a beta of 0.7117 suggesting as returns on the market go up, DB Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding DB Gold Double will be expected to be much smaller as well. Additionally, dB Gold Double has an alpha of 0.3007, implying that it can generate a 0.3 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of DB Gold to move above the current price in 90 days from now is about 20.26 (This DB Gold Double probability density function shows the probability of DGP Etf to fall within a particular range of prices over 90 days) .
DB Gold Double Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. DB Gold market risk premium is the additional return an investor will receive from holding DB Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in DB Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although DB Gold's alpha and beta are two of the key measurements used to evaluate DB Gold's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1415 | |||
| Jensen Alpha | 0.3007 | |||
| Total Risk Alpha | 0.1652 | |||
| Sortino Ratio | 0.1679 |
DB Gold Against Markets
Picking the right benchmark for DB Gold etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in DB Gold etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for DB Gold is critical whether you are bullish or bearish towards DB Gold Double at a given time. Please also check how DB Gold's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in DB Gold without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy DGP Etf?
Before investing in DB Gold, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in DB Gold. To buy DB Gold etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of DB Gold. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase DB Gold etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located DB Gold Double etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased DB Gold Double etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as DB Gold Double, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy DGP Etf please use our How to Invest in DB Gold guide.
Already Invested in DB Gold Double?
The danger of trading DB Gold Double is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of DB Gold is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than DB Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile DB Gold Double is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether DB Gold Double offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DB Gold'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 Db Gold Double Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Db Gold Double Etf: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DB Gold Double. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the DB Gold Double information on this page should be used as a complementary analysis to other DB Gold'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 Global Correlations module to find global opportunities by holding instruments from different markets.
The market value of DB Gold Double is measured differently than its book value, which is the value of DGP that is recorded on the company's balance sheet. Investors also form their own opinion of DB Gold's value that differs from its market value or its book value, called intrinsic value, which is DB Gold'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 DB Gold's market value can be influenced by many factors that don't directly affect DB Gold'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 DB Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if DB Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DB Gold'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.