Macroaxis considers LYT7 BE to be unknown risk. LYT7 BE has Sharpe Ratio of -0.5774 which conveys that LYT7 BE had -0.5774% of return per unit of standard deviation over the last 2 months. Macroaxis philosophy towards estimating risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. LYT7 BE exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify LYT7 BE Market Risk Adjusted Performance of 34.26, Mean Deviation of 1.37 and Risk Adjusted Performance of
(0.29) to check out risk estimate we provide.
|Horizon||30 Days Login to change|
LYT7 BE Market Sensitivity
|As returns on market increase, returns on owning LYT7 BE are expected to decrease at a much smaller rate. During bear market, LYT7 BE is likely to outperform the market.2 Months Beta |Analyze LYT7 BE Demand TrendCheck current 30 days LYT7 BE correlation with market (DOW)|
β = -0.0117
LYT7 BE Central Daily Price Deviation
LYT7 BE Technical Analysis
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LYT7 BE Projected Return Density Against MarketAssuming 30 trading days horizon, LYT7 BE has beta of -0.0117 indicating as returns on benchmark increase, returns on holding LYT7 BE are expected to decrease at a much smaller rate. During bear market, however, LYT7 BE is likely to outperform the market. Additionally, LYT7 BE has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of LYT7 BE is -173.21. The daily returns are destributed with a variance of 0.39 and standard deviation of 0.62. The mean deviation of LYT7 BE is currently at 0.48. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
|Alpha over DOW||=||0.4|
|Beta against DOW||=||0.01|
LYT7 BE Return VolatilityLYT7 BE accepts 0.6205% volatility on return distribution over the 30 days horizon. DOW inherits 1.2829% risk (volatility on return distribution) over the 30 days horizon.
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
|All Next||Launch Correlation Analysis|
DOW has a standard deviation of returns of 1.28 and is 2.06 times more volatile than LYT7 BE. 5% of all equities and portfolios are less risky than LYT7 BE. Compared to the overall equity markets, volatility of historical daily returns of LYT7 BE is lower than 5 (%) of all global equities and portfolios over the last 30 days. Use LYT7 BE to protect against small markets fluctuations. The etf experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of LYT7 BE to be traded at 90.21 in 30 days. As returns on market increase, returns on owning LYT7 BE are expected to decrease at a much smaller rate. During bear market, LYT7 BE is likely to outperform the market.
LYT7 BE correlation with market
Please see also Stocks Correlation. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.