The entity owns Beta (Systematic Risk) of 0.0108 which attests that as returns on market increase, db x returns are expected to increase less than the market. However during bear market, the loss on holding db x will be expected to be smaller as well. Even though it is essential to pay attention to db x trackers existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way in which we are determining future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. db x exposes twenty-one different technical indicators which can help you to evaluate its performance.
|Horizon||30 Days Login to change|
db x trackers Relative Risk vs. Return LandscapeIf you would invest 1,683 in db x trackers II iBoxx EUR High Yield Bond UCITS ETF on December 25, 2018 and sell it today you would lose (23.00) from holding db x trackers II iBoxx EUR High Yield Bond UCITS ETF or give up 1.37% of portfolio value over 30 days. db x trackers II iBoxx EUR High Yield Bond UCITS ETF is producing return of less than zero assuming 0.2394% volatility of returns over the 30 days investment horizon. Simply put, 2% of all equities have less volatile historical return distribution than db x and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
db x Market Risk Analysis
Sharpe Ratio = -0.4408
db x Relative Performance Indicators
Estimated Market Risk
Risk-Adjusted PerformanceOver the last 30 days db x trackers II iBoxx EUR High Yield Bond UCITS ETF has generated negative risk-adjusted returns adding no value to investors with long positions.