Xtrackers California Municipal Etf Market Value

CA Etf  USD 25.21  0.01  0.04%   
Xtrackers California's market value is the price at which a share of Xtrackers California trades on a public exchange. It measures the collective expectations of Xtrackers California Municipal investors about its performance. Xtrackers California is trading at 25.21 as of the 28th of March 2024, a 0.04 percent increase since the beginning of the trading day. The etf's open price was 25.2.
With this module, you can estimate the performance of a buy and hold strategy of Xtrackers California Municipal and determine expected loss or profit from investing in Xtrackers California over a given investment horizon. Check out Xtrackers California Correlation, Xtrackers California Volatility and Xtrackers California Alpha and Beta module to complement your research on Xtrackers California.
Symbol

The market value of Xtrackers California 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 California's value that differs from its market value or its book value, called intrinsic value, which is Xtrackers California's 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 California's market value can be influenced by many factors that don't directly affect Xtrackers California's 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 California's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers California'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 California '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 California'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 California.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Xtrackers California on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Xtrackers California Municipal or generate 0.0% return on investment in Xtrackers California over 30 days. Xtrackers California is related to or competes with Vanguard Growth, Vanguard Value, Vanguard Mid, Vanguard FTSE, IShares Core, SPDR SP, and Vanguard FTSE. CA, Inc., doing business as CA technologies, develops, markets, delivers, and licenses software products and services in... More

Xtrackers California 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 California'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 California Municipal upside and downside potential and time the market with a certain degree of confidence.

Xtrackers California Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers California's standard deviation. In reality, there are many statistical measures that can use Xtrackers California historical prices to predict the future Xtrackers California's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xtrackers California'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.
Hype
Prediction
LowEstimatedHigh
25.0025.2125.42
Details
Intrinsic
Valuation
LowRealHigh
25.0125.2225.43
Details
Naive
Forecast
LowNextHigh
24.9525.1625.37
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
25.1925.2125.24
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Xtrackers California. Your research has to be compared to or analyzed against Xtrackers California's peers to derive any actionable benefits. When done correctly, Xtrackers California'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 California.

Xtrackers California Backtested Returns

Xtrackers California shows Sharpe Ratio of -0.0241, which attests that the etf had a -0.0241% return per unit of risk over the last 3 months. Xtrackers California exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xtrackers California's Market Risk Adjusted Performance of (0.08), standard deviation of 0.204, and Mean Deviation of 0.1411 to validate the risk estimate we provide. The entity maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xtrackers California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xtrackers California is expected to be smaller as well.

Auto-correlation

    
  -0.89  

Excellent reverse predictability

Xtrackers California Municipal has excellent reverse predictability. Overlapping area represents the amount of predictability between Xtrackers California time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th 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 California price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Xtrackers California price fluctuation can be explain by its past prices.
Correlation Coefficient-0.89
Spearman Rank Test-0.84
Residual Average0.0
Price Variance0.0

Xtrackers California lagged returns against current returns

Autocorrelation, which is Xtrackers California 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 California's etf expected returns. We can calculate the autocorrelation of Xtrackers California returns to help us make a trade decision. For example, suppose you find that Xtrackers California 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 California 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 California etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers California etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers California etf over time.
   Current vs Lagged Prices   
       Timeline  

Xtrackers California Lagged Returns

When evaluating Xtrackers California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers California etf have on its future price. Xtrackers California 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 California autocorrelation shows the relationship between Xtrackers California etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers California Municipal.
   Regressed Prices   
       Timeline  

Pair Trading with Xtrackers California

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 California 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 California will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Xtrackers California 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 California 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 California - 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 California Municipal to buy it.
The correlation of Xtrackers California is a statistical measure of how it moves in relation to other instruments. 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 California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtrackers California 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 California 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
When determining whether Xtrackers California offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Xtrackers California's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Xtrackers California Municipal Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Xtrackers California Municipal Etf:
Check out Xtrackers California Correlation, Xtrackers California Volatility and Xtrackers California Alpha and Beta module to complement your research on Xtrackers California.
Note that the Xtrackers California information on this page should be used as a complementary analysis to other Xtrackers California's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for Xtrackers Etf analysis

When running Xtrackers California's price analysis, check to measure Xtrackers California's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Xtrackers California is operating at the current time. Most of Xtrackers California's value examination focuses on studying past and present price action to predict the probability of Xtrackers California's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xtrackers California's price. Additionally, you may evaluate how the addition of Xtrackers California to your portfolios can decrease your overall portfolio volatility.
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Xtrackers California 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 California technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Xtrackers California 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...