The etf secures Beta (Market Risk) of -0.2203 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. Although it is extremely important to respect LYX ST EU price patterns
, it is better to be realistic regarding the information on equity historical price patterns
. The philosophy 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 LYX ST EU technical indicators
you can currently evaluate if the expected return of 0.0% will be sustainable into the future.
Over 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. In spite of rather sound fundamental drivers, LYX ST is not utilizing all of its potentials. The ongoing stock price tumult, may contribute to shorter-term losses for the shareholders.