Lyxor 1 Correlations

E908 Etf  EUR 25.32  0.17  0.68%   
The correlation of Lyxor 1 is a statistical measure of how it moves in relation to other equities. 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 Lyxor 1 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lyxor 1 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.

Modest diversification

The correlation between Lyxor 1 - and NYA is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lyxor 1 - and NYA in the same portfolio, assuming nothing else is changed.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Lyxor 1 . 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.
  
The ability to find closely correlated positions to Lyxor 1 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lyxor 1 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 Lyxor 1 - 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 Lyxor 1 to buy it.

Moving together with Lyxor Etf

  0.75UIM5 UBS Fund SolutionsPairCorr
  0.79XDJP Xtrackers Nikkei 225PairCorr
  0.79SXRZ IShares VII PLCPairCorr
  0.87VUSA Vanguard Funds PublicPairCorr
  0.79EXX7 IShares Nikkei 225PairCorr
  0.89SXR8 IShares Core SPPairCorr
  0.77IS3N IShares Core MSCIPairCorr
  0.78IBC3 IShares Core MSCIPairCorr
  0.73BNXG Invesco Markets IIPairCorr
  0.94WTI2 WisdomTree ArtificialPairCorr
  0.85ESP0 VanEck Vectors VideoPairCorr
  0.8T3KE HANetf ICAV -PairCorr
  0.91IROB Legal General UCITSPairCorr
  0.91DBPE Xtrackers - LevDAXPairCorr

Moving against Lyxor Etf

  0.89DBPD Xtrackers - ShortDAXPairCorr

Related Correlations Analysis

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Lyxor 1 Competition Risk-Adjusted Indicators

There is a big difference between Lyxor Etf performing well and Lyxor 1 ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Lyxor 1's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.62  0.45  0.32  0.63  0.90 
 3.27 
 23.50 
MSFT  0.81  0.06 (0.02) 0.29  0.88 
 1.86 
 4.45 
UBER  1.52  0.35  0.24  0.40  1.24 
 3.07 
 18.39 
F  1.56  0.11  0.06  0.26  1.58 
 3.17 
 12.03 
T  1.07 (0.01)(0.06) 0.12  1.33 
 2.82 
 7.16 
A  1.07 (0.12)(0.03) 0.07  1.42 
 2.29 
 9.31 
CRM  1.26  0.24  0.23  0.33  0.84 
 3.22 
 12.95 
JPM  0.51  0.19  0.23  0.49  0.00 
 1.73 
 3.13 
MRK  0.68  0.26  0.28  0.61  0.00 
 1.95 
 5.55 
XOM  0.88 (0.09)(0.14) 0.01  0.99 
 2.04 
 5.26 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lyxor 1 without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Already Invested in Lyxor 1 ?

The danger of trading Lyxor 1 is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Lyxor 1 is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Lyxor 1. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Lyxor 1 - is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Lyxor 1 . 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.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Complementary Tools for Lyxor Etf analysis

When running Lyxor 1's price analysis, check to measure Lyxor 1'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 Lyxor 1 is operating at the current time. Most of Lyxor 1's value examination focuses on studying past and present price action to predict the probability of Lyxor 1's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lyxor 1's price. Additionally, you may evaluate how the addition of Lyxor 1 to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Lyxor 1's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lyxor 1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lyxor 1'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.