Db Gold Short Etf Technical Analysis
| DGZ Etf | USD 9.22 0.01 0.11% |
As of the 25th of April, DB Gold owns the Market Risk Adjusted Performance of 44.56, information ratio of (0.11), and Standard Deviation of 1.79. DB Gold Short technical analysis allows you to utilize past data patterns in order to determine a pattern that computes the direction of the entity's future prices. Strictly speaking, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for DB Gold, which can be compared to its peers in the sector. Please confirm DB Gold Short risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if DB Gold Short is priced fairly, providing market reflects its prevailing price of 9.22 per share.
DB Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as DGZ, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DGZDGZ |
DB Gold 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.
DB Gold Short Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of DB Gold Short volatility. High ATR values indicate high volatility, and low values indicate low volatility.
DB Gold Short Trend Analysis
Use this graph to draw trend lines for DB Gold Short. You can use it to identify possible trend reversals for DB Gold as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual DB Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.DB Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for DB Gold Short applied against its price change over selected period. The best fit line has a slop of 0.02 , which may imply that the returns on investment in DB Gold Short will continue to fail. It has 122 observation points and a regression sum of squares at 19.49, which is the sum of squared deviations for the predicted DB Gold price change compared to its average price change.About DB Gold Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of DB Gold Short on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of DB Gold Short based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on DB Gold Short price pattern first instead of the macroeconomic environment surrounding DB Gold Short. By analyzing DB Gold's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of DB Gold's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to DB Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
DB Gold April 25, 2024 Technical Indicators
Most technical analysis of DGZ help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for DGZ from various momentum indicators to cycle indicators. When you analyze DGZ charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | 44.56 | |||
| Mean Deviation | 1.25 | |||
| Coefficient Of Variation | (1,693) | |||
| Standard Deviation | 1.79 | |||
| Variance | 3.21 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 44.55 | |||
| Maximum Drawdown | 9.59 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 3.1 | |||
| Skewness | 0.4902 | |||
| Kurtosis | 2.21 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DB Gold Short. 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 Short 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of DB Gold Short is measured differently than its book value, which is the value of DGZ 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.