LYT7 BE (Germany) Risk Analysis And Volatility Evaluation

LYT7 -- Germany ETF  

EUR 92.16  0.30  0.32%

We consider LYT7 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 1 month. 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 LYT7 BE which you can use to evaluate future volatility of the organization. Please verify LYT7 BE Market Risk Adjusted Performance of 1.85, Mean Deviation of 1.49 and Risk Adjusted Performance of 0.21 to check out if risk estimate we provide are consistent with the epected return of 0.1453%.
Horizon     30 Days    Login   to change

LYT7 BE Market Sensitivity

As returns on market increase, LYT7 BE returns are expected to increase less than the market. However during bear market, the loss on holding LYT7 BE will be expected to be smaller as well.
One Month Beta |Analyze LYT7 BE Demand Trend
Check current 30 days LYT7 BE correlation with market (DOW)
β = 0.2017
LYT7 BE Small BetaLYT7 BE Beta Legend

LYT7 BE Technical Analysis

Transformation
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LYT7 BE Projected Return Density Against Market

Assuming 30 trading days horizon, LYT7 BE has beta of 0.2017 indicating as returns on market go up, LYT7 BE average returns are expected to increase less than the benchmark. However during bear market, the loss on holding LYT7 BE will be expected to be much smaller as well. 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 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of LYT7 BE is 173.21. The daily returns are destributed with a variance of 0.06 and standard deviation of 0.25. The mean deviation of LYT7 BE is currently at 0.19. For similar time horizon, the selected benchmark (DOW) has volatility of 1.07
α
Alpha over DOW
=0.36
β
Beta against DOW=0.20
σ
Overall volatility
=0.25
Ir
Information ratio =0.15

LYT7 BE Return Volatility

LYT7 BE accepts 0.2517% volatility on return distribution over the 30 days horizon. DOW inherits 1.0678% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

LYT7 BE Investment Opportunity

DOW has a standard deviation of returns of 1.07 and is 4.28 times more volatile than LYT7 BE. 2% 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 2 (%) 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 and little activity. Check odds of LYT7 BE to be traded at €91.24 in 30 days. As returns on market increase, LYT7 BE returns are expected to increase less than the market. However during bear market, the loss on holding LYT7 BE will be expected to be smaller as well.

LYT7 BE correlation with market

Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding LYT7 BE and equity matching DJI index in the same portfolio.
Please see also Stocks Correlation. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.
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