Xtrackers ShortDAX (Germany) Market Value

DBPD Etf  EUR 0.95  0.01  1.04%   
Xtrackers ShortDAX's market value is the price at which a share of Xtrackers ShortDAX stock trades on a public exchange. It measures the collective expectations of Xtrackers ShortDAX investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Xtrackers ShortDAX and determine expected loss or profit from investing in Xtrackers ShortDAX over a given investment horizon.
Check out Xtrackers ShortDAX Correlation, Xtrackers ShortDAX Volatility and Xtrackers ShortDAX Alpha and Beta module to complement your research on Xtrackers ShortDAX.
Symbol

Please note, there is a significant difference between Xtrackers ShortDAX's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers ShortDAX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers ShortDAX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Xtrackers ShortDAX 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Xtrackers ShortDAX's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Xtrackers ShortDAX.
0.00
03/13/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/02/2024
0.00
If you would invest  0.00  in Xtrackers ShortDAX on March 13, 2022 and sell it all today you would earn a total of 0.00 from holding Xtrackers ShortDAX or generate 0.0% return on investment in Xtrackers ShortDAX over 720 days. Xtrackers ShortDAX is related to or competes with Xtrackers FTSE. The aim is for the investment to reflect the performance of the ShortDAX x2 Index which provides two times the opposite ... More

Xtrackers ShortDAX Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Xtrackers ShortDAX's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Xtrackers ShortDAX upside and downside potential and time the market with a certain degree of confidence.

Xtrackers ShortDAX Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers ShortDAX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers ShortDAX's standard deviation. In reality, there are many statistical measures that can use Xtrackers ShortDAX historical prices to predict the future Xtrackers ShortDAX's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Xtrackers ShortDAX's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Xtrackers ShortDAX in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
0.050.951.99
Details
Intrinsic
Valuation
LowRealHigh
0.040.891.93
Details
Naive
Forecast
LowNextHigh
0.020.921.96
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.940.971.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Xtrackers ShortDAX. Your research has to be compared to or analyzed against Xtrackers ShortDAX's peers to derive any actionable benefits. When done correctly, Xtrackers ShortDAX's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Xtrackers - ShortDAX.

Xtrackers - ShortDAX Backtested Returns

Xtrackers - ShortDAX shows Sharpe Ratio of -0.21, which attests that the etf had -0.21% return per unit of risk over the last 3 months. Our standpoint towards determining the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Xtrackers - ShortDAX exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please check out Xtrackers ShortDAX's Standard Deviation of 1.04, market risk adjusted performance of (0.54), and Mean Deviation of 0.8033 to validate the risk estimate we provide. The entity maintains a market beta of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xtrackers ShortDAX returns are expected to increase less than the market. However, during the bear market, the loss on holding Xtrackers ShortDAX will be expected to be smaller as well.

Auto-correlation

    
  0.53  

Modest predictability

Xtrackers ShortDAX has modest predictability. Overlapping area represents the amount of predictability between Xtrackers ShortDAX time series from 13th of March 2022 to 8th of March 2023 and 8th of March 2023 to 2nd of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Xtrackers - ShortDAX price movement. The serial correlation of 0.53 indicates that about 53.0% of current Xtrackers ShortDAX price fluctuation can be explain by its past prices.
Correlation Coefficient0.53
Spearman Rank Test0.59
Residual Average0.0
Price Variance0.01

Xtrackers - ShortDAX lagged returns against current returns

Autocorrelation, which is Xtrackers ShortDAX etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Xtrackers ShortDAX's etf expected returns. We can calculate the autocorrelation of Xtrackers ShortDAX returns to help us make a trade decision. For example, suppose you find that Xtrackers ShortDAX etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Xtrackers ShortDAX regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Xtrackers ShortDAX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers ShortDAX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers ShortDAX etf over time.
   Current vs Lagged Prices   
       Timeline  

Xtrackers ShortDAX Lagged Returns

When evaluating Xtrackers ShortDAX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers ShortDAX etf have on its future price. Xtrackers ShortDAX autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Xtrackers ShortDAX autocorrelation shows the relationship between Xtrackers ShortDAX etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers ShortDAX.
   Regressed Prices   
       Timeline  

Pair Trading with Xtrackers ShortDAX

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Xtrackers ShortDAX position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Xtrackers ShortDAX will appreciate offsetting losses from the drop in the long position's value.

Moving together with Xtrackers Etf

  0.66XJSE Xtrackers II -PairCorr

Moving against Xtrackers Etf

  0.99DBPE Xtrackers - LevDAXPairCorr
  0.52IBC3 IShares Core MSCIPairCorr
  0.49EMQQ HANetf ICAV -PairCorr
  0.49ESP0 VanEck Vectors VideoPairCorr
  0.44SXRZ IShares VII PLCPairCorr
The ability to find closely correlated positions to Xtrackers ShortDAX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtrackers ShortDAX when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Xtrackers ShortDAX - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Xtrackers ShortDAX to buy it.
The correlation of Xtrackers ShortDAX is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xtrackers ShortDAX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtrackers - ShortDAX moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Xtrackers ShortDAX can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Xtrackers ShortDAX Correlation, Xtrackers ShortDAX Volatility and Xtrackers ShortDAX Alpha and Beta module to complement your research on Xtrackers ShortDAX.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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Xtrackers ShortDAX technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of Xtrackers ShortDAX technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Xtrackers ShortDAX trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...