db x (Germany) Risk Analysis And Volatility

XHYG -- Germany ETF  

EUR 17.37  0.03  0.17%

We consider db x unknown risk. db x trackers retains Efficiency (Sharpe Ratio) of 0.7593 which attests that the etf had 0.7593% of return per unit of risk over the last 2 months. 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 Variance of 0.0586, Standard Deviation of 0.242 and Market Risk Adjusted Performance of 3.14 to validate if risk estimate we provide are consistent with the epected return of 0.0965%.
Horizon     30 Days    Login   to change

db x Market Sensitivity

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.
2 Months Beta |Analyze db x trackers Demand Trend
Check current 30 days db x correlation with market (DOW)
β = 0.029

db x Central Daily Price Deviation

db x trackers Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

db x Projected Return Density Against Market

Assuming 30 trading days horizon, db x has beta of 0.029 . This means as returns on market go up, db x average returns are expected to increase less than the benchmark. However during bear market, the loss on holding db x trackers II iBoxx EUR High Yield Bond UCITS ETF will be expected to be much smaller as well. Moreover, The company has an alpha of 0.0873 implying that it can potentially generate 0.0873% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of db x is 131.7. The daily returns are destributed with a variance of 0.02 and standard deviation of 0.13. The mean deviation of db x trackers II iBoxx EUR High Yield Bond UCITS ETF is currently at 0.11. For similar time horizon, the selected benchmark (DOW) has volatility of 0.64
α
Alpha over DOW
=0.09
β
Beta against DOW=0.029
σ
Overall volatility
=0.13
Ir
Information ratio =0.1

db x Return Volatility

the entity assumes 0.1271% volatility of returns over the 30 days investment horizon. the entity inherits 0.5731% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

db x Investment Opportunity

DOW has a standard deviation of returns of 0.57 and is 4.38 times more volatile than db x trackers II iBoxx EUR High Yield Bond UCITS ETF. 1% 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 1 (%) 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, 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.

db x correlation with market

correlation synergy
Significant 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 Current Risk Indicators

db x Suggested Diversification Pairs

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