The etf secures Beta (Market Risk) of -0.3135 which conveys that as returns on market increase, returns on owning LYX ST are expected to decrease at a much smaller rate. During bear market, LYX ST is likely to outperform the market.. Even though it is essential to pay attention to LYX ST EU price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. LYX ST exposes twenty-one different technical indicators which can help you to evaluate its performance.
|Horizon||30 Days Login to change|
LYX ST EU Relative Risk vs. Return LandscapeIf you would invest 2,670 in LYX ST EU 600 T L UETF A on November 14, 2018 and sell it today you would lose (65.00) from holding LYX ST EU 600 T L UETF A or give up 2.43% of portfolio value over 30 days. LYX ST EU 600 T L UETF A is generating negative expected returns and assumes 1.4058% volatility on return distribution over the 30 days horizon. Simply put, 12% of equities are less volatile than LYX ST EU 600 T L UETF A and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
LYX ST Market Risk Analysis
Sharpe Ratio = -0.5774
LYX ST Relative Performance Indicators
Estimated Market Risk
Risk-Adjusted PerformanceOver the last 30 days LYX ST EU 600 T L UETF A has generated negative risk-adjusted returns adding no value to investors with long positions.