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DR3

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    120.675$
  • Previous Close
    120.675$
  • 52 Week Change
    40.50$
  • Day Range
    0.00$
  • 52 Week High/Low
    82.4793$ - 122.9822$
  • Dividend Per Share
    0.0031
  • Market cap
    33 885 M$
  • EPS
    --
  • Beta
    0.454
  • Volume
    --

About

DR3.F represents an exchange-traded fund (ETF) called the Xtrackers MSCI World Consumer Discretionary UCITS ETF 1D. It aims to replicate the performance of the MSCI World Consumer Discretionary Index, which tracks companies from developed markets globally within the consumer discretionary sector. This sector includes businesses that provide non-essential goods and services to consumers, such as automobiles, apparel, hotels, and restaurants. Investors can use DR3.F to gain exposure to a diversified portfolio of consumer discretionary companies across various countries. The '1D' designation usually indicates a distributing ETF that pays dividends to investors, rather than reinvesting them internally.
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Factors

[Underlying Asset Performance]: DR3.F tracks the Solactive Daily Leveraged 3x Euro Stoxx 50 E index. The price of DR3.F is thus heavily dependent on the performance of the Euro Stoxx 50 index. Positive performance generally leads to a price increase, while negative performance leads to a price decrease.

[Leverage]: DR3.F employs 3x daily leverage. This amplifies both gains and losses in the underlying index. Higher leverage increases volatility and price swings.

[Management Fees and Costs]: Management fees and other costs associated with managing the fund impact the price. Higher fees can reduce returns.

[Trading Volume and Liquidity]: Higher trading volume and liquidity can lead to tighter bid-ask spreads and more efficient price discovery.

[Market Sentiment]: Overall market sentiment and investor risk appetite significantly influence the demand for leveraged ETFs like DR3.F. Optimism can drive prices up, while pessimism can drive prices down.

[Interest Rates]: Changes in interest rates can impact the cost of borrowing for the fund and the attractiveness of equities relative to bonds.

[Index Rebalancing]: The fund rebalances its portfolio daily to maintain the 3x leverage. These rebalancing activities can affect its price, especially during volatile periods.

[Compounding Effect]: Due to daily leverage and rebalancing, the long-term performance of DR3.F can deviate significantly from 3x the performance of the Euro Stoxx 50, particularly over extended periods. This compounding effect is crucial to consider.

[Volatility Decay]: Leveraged ETFs can experience "volatility decay" or "beta slippage" when the underlying index fluctuates up and down significantly over time. This can erode returns, even if the index ultimately ends up at a similar level.

[Supply and Demand]: Basic supply and demand principles apply. Increased demand for DR3.F relative to its supply pushes the price up, while increased supply relative to demand pushes the price down.

[Regulatory Changes]: Changes in regulations affecting leveraged ETFs or the underlying Euro Stoxx 50 index can impact the price.

[Economic Events]: Major economic events such as GDP releases, inflation reports, and central bank announcements can affect the Euro Stoxx 50 and, consequently, DR3.F.

[Geopolitical Events]: Geopolitical events such as political instability, trade wars, or major conflicts can affect market sentiment and investor risk appetite, impacting the price of DR3.F.

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