|LYT7 -- Germany ETF|| |
EUR 87.69 2.73 3.02%
The etf owns Beta (Systematic Risk) of -0.067 which conveys that as returns on market increase, returns on owning LX IF are expected to decrease at a much smaller rate. During bear market, LX IF is likely to outperform the market.. Although it is extremely important to respect LX IF L
existing price patterns
, it is better to be realistic regarding the information on equity price patterns
. The approach 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 reviewing LX IF L technical indicators
you can at this time evaluate if the expected return of 0.2354% will be sustainable into the future.
LX IF L Relative Risk vs. Return Landscape
If you would invest 8,921
in LX IF L F D E C I C DEOD on November 15, 2018
and sell it today you would earn a total of 121.00
from holding LX IF L F D E C I C DEOD or generate 1.36%
return on investment over 30
days. LX IF L F D E C I C DEOD is generating 0.2354% of daily returns and assumes 1.6042% volatility on return distribution over the 30 days horizon. Simply put, 14% of equities are less volatile than LX IF L F D E C I C DEOD and 96% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Assuming 30 trading days horizon, LX IF L F D E C I C DEOD is expected to generate 1.24 times more return on investment than the market. However, the company is 1.24 times more volatile than its market benchmark. It trades about 0.15 of its potential returns per unit of risk. The DOW is currently generating roughly -0.11 per unit of risk.
LX IF Market Risk Analysis
Sharpe Ratio = 0.1467
LX IF Relative Performance Indicators
Estimated Market Risk
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Based on monthly moving average LX IF is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of LX IF
by adding it to a well-diversified
Compared to the overall equity markets, risk-adjusted returns on investments in LX IF L F D E C I C DEOD are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days.
Please see also Stocks Correlation
. Please also try Fund Screener
module to find activelly-traded funds from around the world traded on over 30 global exchanges.