|XHYG -- Germany ETF|| |
EUR 17.21 0.15 0.89%
The entity owns Beta (Systematic Risk) of 0.0229 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. Although it is extremely important to respect db x trackers
existing price patterns
, it is better to be realistic regarding the information on equity price patterns
. The way in which we are determining future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing db x trackers technical indicators
you can now evaluate if the expected return of 0.0358% will be sustainable into the future.
Compared to the overall equity markets, risk-adjusted returns on investments in db x trackers II iBoxx EUR High Yield Bond UCITS ETF are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days. In spite of rather sound fundamental drivers, db x is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.
|Fifty Two Week Low||16.54|
|Fifty Two Week High||17.64|
db x trackers Relative Risk vs. Return Landscape
If you would invest 1,704
in db x trackers II iBoxx EUR High Yield Bond UCITS ETF on May 26, 2019
and sell it today you would earn a total of 16.25
from holding db x trackers II iBoxx EUR High Yield Bond UCITS ETF or generate 0.95%
return on investment over 30
days. db x trackers II iBoxx EUR High Yield Bond UCITS ETF is generating 0.0358% of daily returns assuming 0.3617% volatility of returns over the 30 days investment horizon. Simply put, 3% 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 (%)
Assuming 30 trading days horizon, db x is expected to generate 0.45 times more return on investment than the market. However, the company is 2.22 times less risky than the market. It trades about 0.1 of its potential returns per unit of risk. The DOW is currently generating roughly 0.03 per unit of risk.
db x Market Risk Analysis
Sharpe Ratio = 0.0989
db x Relative Performance Indicators
Estimated Market Risk
| || |
| || |
| || |
Based on monthly moving average db x is performing at about 6% of its full potential. 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 db x
by adding it to a well-diversified