Xtrackers California Municipal Etf Performance
CA Etf | USD 24.85 0.03 0.12% |
The entity maintains a market beta of 0.0294, 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.
Risk-Adjusted Performance
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Over the last 90 days Xtrackers California Municipal has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Xtrackers California is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
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Xtrackers |
Xtrackers California Relative Risk vs. Return Landscape
If you would invest 2,508 in Xtrackers California Municipal on January 28, 2024 and sell it today you would lose (23.00) from holding Xtrackers California Municipal or give up 0.92% of portfolio value over 90 days. Xtrackers California Municipal is generating negative expected returns and assumes 0.2542% volatility on return distribution over the 90 days horizon. Put differently, 2% of etfs are less risky than Xtrackers on the basis of their historical return distribution, and some 99% of all equities are expected to be superior in generating returns on investments over the next 90 days. Expected Return |
Risk |
Xtrackers California Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers California's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Xtrackers California Municipal, and traders can use it to determine the average amount a Xtrackers California's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0563
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Negative Returns | CA |
Estimated Market Risk
0.25 actual daily | 2 98% of assets are more volatile |
Expected Return
-0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Xtrackers California is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Xtrackers California by adding Xtrackers California to a well-diversified portfolio.
Xtrackers California Fundamentals Growth
Xtrackers Etf prices reflect investors' perceptions of the future prospects and financial health of Xtrackers California, and Xtrackers California fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Xtrackers Etf performance.
Return On Equity | 0.0014 | |||
Return On Asset | 6.0E-4 | |||
Profit Margin | 0 % | |||
Operating Margin | 30.23 % | |||
Current Valuation | 17.94 B | |||
Shares Outstanding | 418.17 M | |||
Price To Earning | 40.11 X | |||
Price To Book | 2.34 X | |||
Price To Sales | 4.48 X | |||
Revenue | 4.15 B | |||
EBITDA | 1.38 B | |||
Cash And Equivalents | 3.33 B | |||
Cash Per Share | 3.14 X | |||
Total Debt | 2.92 B | |||
Debt To Equity | 37.10 % | |||
Book Value Per Share | 10.32 X | |||
Cash Flow From Operations | (526.38 M) | |||
Earnings Per Share | 1.11 X | |||
Total Asset | 12.23 B | |||
Retained Earnings | 6.38 B | |||
Current Asset | 3.56 B | |||
Current Liabilities | 2.89 B | |||
About Xtrackers California Performance
To evaluate Xtrackers California Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Xtrackers California generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Xtrackers Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Xtrackers California market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Xtrackers's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.CA, Inc., doing business as CA technologies, develops, markets, delivers, and licenses software products and services in the United States and internationally. CA, Inc. was founded in 1974 and is headquartered in New York, New York. CA operates under Software - Infrastructure classification in USA and is traded on BATS Exchange. It employs 11300 people.Xtrackers California generated a negative expected return over the last 90 days | |
Xtrackers California Municipal reports about 3.33 B in cash with (526.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.14. | |
Roughly 72.0% of the company shares are held by institutions such as insurance companies | |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xtrackers California Municipal. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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.