Xtrackers Shortdax Etf Equity Positions Weight
DBPD Etf | EUR 0.92 0.03 3.16% |
Xtrackers ShortDAX fundamentals help investors to digest information that contributes to Xtrackers' financial success or failures. It also enables traders to predict the movement of Xtrackers Etf. The fundamental analysis module provides a way to measure Xtrackers' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Xtrackers etf.
Xtrackers |
Xtrackers ShortDAX ETF Equity Positions Weight Analysis
Xtrackers' Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
More About Equity Positions Weight | All Equity Analysis
Stock Percentage | = | % of Equities | in the fund |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
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According to the company disclosure, Xtrackers ShortDAX has an Equity Positions Weight of 0.0%. This indicator is about the same for the DWS Investment S.A. (ETF) average (which is currently at 0.0) family and about the same as Equity Positions Weight (which currently averages 0.0) category. This indicator is about the same for all Germany etfs average (which is currently at 0.0).
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Xtrackers Fundamentals
Total Asset | 123.8 M | |||
One Year Return | 2.34 % | |||
Three Year Return | (16.95) % | |||
Five Year Return | (20.46) % | |||
Net Asset | 123.8 M |
About Xtrackers Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Xtrackers ShortDAX's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Xtrackers using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Xtrackers ShortDAX based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Xtrackers
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Xtrackers position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Xtrackers will appreciate offsetting losses from the drop in the long position's value.Moving together with Xtrackers Etf
0.68 | XJSE | Xtrackers II | PairCorr |
Moving against Xtrackers Etf
0.98 | DBPE | Xtrackers LevDAX | PairCorr |
0.93 | VWCE | Vanguard FTSE All | PairCorr |
0.91 | SXR8 | iShares Core SP | PairCorr |
0.91 | VGWL | Vanguard FTSE All | PairCorr |
0.89 | VUSA | Vanguard Funds Public | PairCorr |
The ability to find closely correlated positions to Xtrackers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtrackers when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Xtrackers - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Xtrackers ShortDAX to buy it.
The correlation of Xtrackers is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xtrackers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtrackers ShortDAX moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Xtrackers can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Xtrackers ShortDAX. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .