LX IF (Germany) Risk Analysis And Volatility Evaluation

LYT7 -- Germany ETF  

EUR 89.36  0.000001  0.00%

We consider LX IF unknown risk. LX IF L retains Efficiency (Sharpe Ratio) of 0.7832 which conveys that LX IF L had 0.7832% of return per unit of price deviation over the last 2 months. Our approach 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 LX IF which you can use to evaluate future volatility of the organization. Please verify LX IF L F D E C I C DEOD Standard Deviation of 1.32, Market Risk Adjusted Performance of 4.05 and Mean Deviation of 0.8993 to check out if risk estimate we provide are consistent with the epected return of 0.042%.
Horizon     30 Days    Login   to change

LX IF Market Sensitivity

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.
2 Months Beta |Analyze LX IF L Demand Trend
Check current 30 days LX IF correlation with market (DOW)
β = -0.0871

LX IF Central Daily Price Deviation

LX IF L Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

LX IF Projected Return Density Against Market

Assuming 30 trading days horizon, LX IF L F D E C I C DEOD has beta of -0.0871 indicating as returns on benchmark increase, returns on holding LX IF are expected to decrease at a much smaller rate. During bear market, however, LX IF L F D E C I C DEOD is likely to outperform the market. Additionally, LX IF L F D E C I C DEOD 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 LX IF is 127.68. The daily returns are destributed with a variance of 0.0 and standard deviation of 0.05. The mean deviation of LX IF L F D E C I C DEOD is currently at 0.04. For similar time horizon, the selected benchmark (DOW) has volatility of 1.38
α
Alpha over DOW
=0.37
β
Beta against DOW=0.09
σ
Overall volatility
=0.05
Ir
Information ratio =0.14

LX IF Return Volatility

LX IF L F D E C I C DEOD accepts 0.0537% volatility on return distribution over the 30 days horizon. DOW inherits 1.3062% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Did you try this?

Run Idea Analyzer Now

   

Idea Analyzer

Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
All  Next Launch Idea Analyzer

Investment Outlook

LX IF Investment Opportunity

DOW has a standard deviation of returns of 1.31 and is 26.2 times more volatile than LX IF L F D E C I C DEOD. 0% of all equities and portfolios are less risky than LX IF. Compared to the overall equity markets, volatility of historical daily returns of LX IF L F D E C I C DEOD is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use LX IF L F D E C I C DEOD 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 LX IF to be traded at €88.47 in 30 days. 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.

LX IF correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding LX IF L F D E C I C DEOD and equity matching DJI index in the same portfolio.

LX IF Volatility Indicators

LX IF L F D E C I C DEOD Current Risk Indicators

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.
Search macroaxis.com