We consider Lyxor UCITS not too volatile. Lyxor UCITS ETF
has Sharpe Ratio of 0.0356 which conveys that Lyxor UCITS ETF
had 0.0356% of return per unit of risk over the last 2 months. Our philosophy towards estimating volatility of an etf is to use all available market data together with etf specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Lyxor UCITS which you can use to evaluate future volatility of the organization. Please verify Lyxor UCITS ETF Hong Kong Mean Deviation
of 1.14 and Risk Adjusted Performance
of (0.001829) to check out if risk estimate we provide are consistent with the epected return of 0.0509%. The etf secures Beta (Market Risk) of 0.0319 which conveys that as returns on market increase, Lyxor UCITS returns are expected to increase less than the market. However during bear market, the loss on holding Lyxor UCITS will be expected to be smaller as well.. Although it is extremely important to respect Lyxor UCITS ETF price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy towards estimating future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Lyxor UCITS ETF technical indicators you can presently evaluate if the expected return of 0.0509% will be sustainable into the future.
|15 days auto-correlation||(0.18) |
Insignificant reverse predictability
Lyxor UCITS ETF Hong Kong has insignificant reverse predictability. Overlapping area represents the amount of predictability between Lyxor UCITS time series from October 11, 2018 to November 10, 2018 and November 10, 2018 to December 10, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Lyxor UCITS ETF price movement. The serial correlation of -0.18 indicates that over 18.0% of current Lyxor UCITS price fluctuation can be explain by its past prices. Given that Lyxor UCITS ETF Hong Kong has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Lyxor UCITS for similar time interval.
|Spearman Rank Test||0.3|