Macroaxis considers LYX ST to be unknown risk. LYX ST EU has Sharpe Ratio of -0.1001 which conveys that LYX ST EU had -0.1001% of return per unit of standard deviation over the last 2 months. Macroaxis philosophy towards estimating risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. LYX ST exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify LYX ST EU 600 T L UETF A Market Risk Adjusted Performance of 3.18, Mean Deviation of 1.85 and Risk Adjusted Performance of
(0.11) to check out risk estimate we provide.
|Horizon||30 Days Login to change|
LYX ST Market Sensitivity
|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.2 Months Beta |Analyze LYX ST EU Demand TrendCheck current 30 days LYX ST correlation with market (DOW)|
β = -0.0819
LYX ST Central Daily Price Deviation
LYX ST EU Technical Analysis
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LYX ST Projected Return Density Against MarketAssuming 30 trading days horizon, LYX ST EU 600 T L UETF A has beta of -0.0819 indicating as returns on benchmark increase, returns on holding LYX ST are expected to decrease at a much smaller rate. During bear market, however, LYX ST EU 600 T L UETF A is likely to outperform the market. Additionally, LYX ST EU 600 T L UETF A 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
Assuming 30 trading days horizon, the coefficient of variation of LYX ST is -999.43. The daily returns are destributed with a variance of 2.95 and standard deviation of 1.72. The mean deviation of LYX ST EU 600 T L UETF A is currently at 1.13. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
|Alpha over DOW||=||0.27|
|Beta against DOW||=||0.08|
LYX ST Return VolatilityLYX ST EU 600 T L UETF A accepts 1.7188% volatility on return distribution over the 30 days horizon. DOW inherits 1.2919% risk (volatility on return distribution) over the 30 days horizon.
View associations between returns expected from investment and the risk you assume
|All Next||Launch Risk-Return Analysis|
LYX ST EU 600 T L UETF A has a volatility of 1.72 and is 1.33 times more volatile than DOW. 15% of all equities and portfolios are less risky than LYX ST. Compared to the overall equity markets, volatility of historical daily returns of LYX ST EU 600 T L UETF A is lower than 15 (%) of all global equities and portfolios over the last 30 days. Use LYX ST EU 600 T L UETF A to protect against small markets fluctuations. The etf experiences very speculative upward sentiment.. Check odds of LYX ST to be traded at 0.0 in 30 days. 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.
LYX ST correlation with market
Please see also Stocks Correlation. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.