db x (Germany) Performance

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.
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Risk-Adjusted Performance

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 Low16.54
Fifty Two Week High17.64
Horizon     30 Days    Login   to change

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 (%) 
      Risk (%) 
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
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db x Relative Performance Indicators

Estimated Market Risk
 0.36
  actual daily
 
 3 %
of total potential
 
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Expected Return
 0.04
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 0.1
  actual daily
 
 6 %
of total potential
 
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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 portfolio.

db x Alerts

Equity Alerts and Improvement Suggestions

db x trackers is not yet fully synchronised with the market data
See also Your Current Watchlist. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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