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DB Gold Double Short ETN (DZZ)DZZ
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/30/2024: DZZ (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -18.86% | Upturn Advisory Performance  1 | Avg. Invested days: 44 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 08/30/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -18.86% | Avg. Invested days: 44 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 08/30/2024 | Upturn Advisory Performance 1 |
Key Highlights
Volume (30-day avg) 2491 | Beta -0.32 |
52 Weeks Range 1.72 - 3.08 | Updated Date 09/19/2024 |
52 Weeks Range 1.72 - 3.08 | Updated Date 09/19/2024 |
AI Summarization
ETF DB Gold Double Short ETN - Summary
Profile:
- Invests in gold-related futures contracts to deliver twice the inverse (-2x) daily performance of the DBIQ Optimum Yield Gold Index Excess Return.
- Aims to generate a positive return when the price of gold declines.
- Suitable for short-term traders seeking leverage and experienced investors with high-risk tolerance.
Objective:
- To magnify losses in the price of gold by a factor of two.
Issuer:
- Xtrackers by DWS Investment GmbH:
- A global asset management company with over €1 trillion in assets under management.
- Part of Deutsche Bank Group with a strong reputation and long history in the financial industry.
- Management team possesses extensive experience in managing ETNs and financial instruments.
Market Share:
- Not readily available as it is a relatively niche product.
Total Net Assets:
- $4.94 million (as of November 7, 2023).
Moat:
- Offers leveraged exposure to gold price movements, potentially amplifying profits in a declining gold market.
- Provides access to a niche shorting strategy for experienced investors.
- Backed by Deutsche Bank Group's reputation and expertise.
Financial Performance:
- Historical performance depends heavily on gold price fluctuations; positive returns in periods of falling gold prices and vice versa.
- Performance data should be analyzed carefully considering the timeframe and market context.
Benchmark Comparison:
- Performance compared to the DBIQ Optimum Yield Gold Index Excess Return, aiming to deliver double the inverse daily performance.
Growth Trajectory:
- Growth potential depends significantly on future gold price trends and investor demand for shorting strategies.
Liquidity:
- Average trading volume: 14,642 shares (as of November 7, 2023).
- Bid-ask spread: $0.50 (as of November 7, 2023).
Market Dynamics:
- Market factors influencing the price of gold, like economic indicators, interest rates, supply and demand, global economic events, and investor sentiment.
Competitors:
- SPDR Gold Trust (GLD): Physical gold ETF with over $60 billion in assets and high liquidity.
- VelocityShares 3x Inverse Gold ETN (DGLD): Provides triple inverse exposure to gold with higher leverage.
Expense Ratio:
- 0.95%
Investment Approach and Strategy:
- Tracks the DBIQ Optimum Yield Gold Index Excess Return with a -2x leverage.
- Invests in gold-related futures contracts.
Key Points:
- High-risk, leveraged short-term instrument.
- Aims to magnify profits in a declining gold market.
- Requires active management and close monitoring.
Risks:
- High volatility due to leverage.
- Inverse correlation to gold price movements.
- Counterparty risk associated with the ETN structure.
Who Should Consider Investing:
- Experienced investors with a high-risk tolerance.
- Short-term traders seeking leverage on gold price declines.
Fundamental Rating Based on AI:
- 6.5/10:
- Strengths: Leverage, access to a shorting strategy, issuer's reputation.
- Concerns: High risk, niche product, limited track record.
Resources:
- Xtrackers Website: https://www.dbx-etfs.com/
- ETF.com: https://www.etf.com/etfanalysis/etf-profile/dbg
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Conduct thorough research and due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About DB Gold Double Short ETN
The index is intended to reflect changes in the market value of certain gold futures contracts and is comprised of a single unfunded gold futures contract.
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