db x (Germany) Risk Analysis And Volatility Evaluation

XHYG -- Germany ETF  

EUR 17.37  0.02  0.12%

Our way in which we are determining volatility of an etf is to use all available market data together with etf specific technical indicators that cannot be diversified away. We have found twenty technical indicators for db x which you can use to evaluate future volatility of the etf. Please check out db x trackers II iBoxx EUR High Yield Bond UCITS ETF Standard Deviation of 0.1143, Market Risk Adjusted Performance of 0.13 and Variance of 0.0131 to validate if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

db x Market Sensitivity

As returns on market increase, returns on owning db x are expected to decrease at a much smaller rate. During bear market, db x is likely to outperform the market.
One Month Beta |Analyze db x trackers Demand Trend
Check current 30 days db x correlation with market (DOW)
β = -0.0224
db x Almost negative betadb x trackers Beta Legend

db x trackers Technical Analysis

Transformation
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db x Projected Return Density Against Market

Assuming 30 trading days horizon, db x trackers II iBoxx EUR High Yield Bond UCITS ETF has beta of -0.0224 . This means as returns on benchmark increase, returns on holding db x are expected to decrease at a much smaller rate. During bear market, however, db x trackers II iBoxx EUR High Yield Bond UCITS ETF is likely to outperform the market. Additionally, db x trackers II iBoxx EUR High Yield Bond UCITS ETF has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.0007
β
Beta against DOW=0.02
σ
Overall volatility
=0.00
Ir
Information ratio =1.54

db x Return Volatility

db x trackers II iBoxx EUR High Yield Bond UCITS ETF assumes 0.0% volatility of returns over the 30 days investment horizon. DOW inherits 1.0635% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

db x Investment Opportunity

DOW has a standard deviation of returns of 1.06 and is 9.223372036854776E16 times more volatile than db x trackers II iBoxx EUR High Yield Bond UCITS ETF. 0% of all equities and portfolios are less risky than db x. Compared to the overall equity markets, volatility of historical daily returns of db x trackers II iBoxx EUR High Yield Bond UCITS ETF is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use db x trackers II iBoxx EUR High Yield Bond UCITS ETF to enhance returns of your portfolios. The etf experiences normal upward fluctuation. Check odds of db x to be traded at €18.24 in 30 days. As returns on market increase, returns on owning db x are expected to decrease at a much smaller rate. During bear market, db x is likely to outperform the market.

db x correlation with market

Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding db x trackers II iBoxx EUR Hig and equity matching DJI index in the same portfolio.

db x Volatility Indicators

db x trackers II iBoxx EUR High Yield Bond UCITS ETF Current Risk Indicators

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