Xtrackers Sp 500 Etf Market Value
| SNPE Etf | USD 46.13 0.56 1.23% |
| Symbol | Xtrackers |
The market value of Xtrackers SP 500 is measured differently than its book value, which is the value of Xtrackers that is recorded on the company's balance sheet. Investors also form their own opinion of Xtrackers' value that differs from its market value or its book value, called intrinsic value, which is Xtrackers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Xtrackers' market value can be influenced by many factors that don't directly affect Xtrackers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Xtrackers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers' 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 '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' 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.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Xtrackers on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding Xtrackers SP 500 or generate 0.0% return on investment in Xtrackers over 90 days. Xtrackers is related to or competes with Xtrackers MSCI, IShares ESG, SPDR SP, IShares MSCI, and SPDR SP. The index is a broad-based, market capitalization weighted index that provides exposure to companies with high environme... More
Xtrackers 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' 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 SP 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7263 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.69 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.16 |
Xtrackers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers' standard deviation. In reality, there are many statistical measures that can use Xtrackers historical prices to predict the future Xtrackers' volatility.| Risk Adjusted Performance | 0.0593 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0607 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xtrackers' 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.
Xtrackers SP 500 Backtested Returns
We consider Xtrackers very steady. Xtrackers SP 500 shows Sharpe Ratio of 0.0711, which attests that the etf had a 0.0711% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Xtrackers SP 500, which you can use to evaluate the volatility of the etf. Please check out Xtrackers' Market Risk Adjusted Performance of 0.0707, downside deviation of 0.7263, and Mean Deviation of 0.5798 to validate if the risk estimate we provide is consistent with the expected return of 0.0548%. The entity maintains a market beta of 0.99, which attests to possible diversification benefits within a given portfolio. Xtrackers returns are very sensitive to returns on the market. As the market goes up or down, Xtrackers is expected to follow.
Auto-correlation | -0.45 |
Modest reverse predictability
Xtrackers SP 500 has modest reverse predictability. Overlapping area represents the amount of predictability between Xtrackers time series from 25th of January 2024 to 10th of March 2024 and 10th of March 2024 to 24th of April 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 SP 500 price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Xtrackers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Xtrackers SP 500 lagged returns against current returns
Autocorrelation, which is Xtrackers 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' etf expected returns. We can calculate the autocorrelation of Xtrackers returns to help us make a trade decision. For example, suppose you find that Xtrackers has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Xtrackers 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers Lagged Returns
When evaluating Xtrackers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers etf have on its future price. Xtrackers 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 autocorrelation shows the relationship between Xtrackers etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers SP 500.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Xtrackers in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Xtrackers' short interest history, or implied volatility extrapolated from Xtrackers options trading.
Currently Active Assets on Macroaxis
When determining whether Xtrackers SP 500 is a strong investment it is important to analyze Xtrackers' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Xtrackers' future performance. For an informed investment choice regarding Xtrackers Etf, refer to the following important reports:Check out Xtrackers Correlation, Xtrackers Volatility and Xtrackers Alpha and Beta module to complement your research on Xtrackers. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Xtrackers 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.