LYX ST (Germany) Risk Analysis And Volatility Evaluation

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 Trend
Check current 30 days LYX ST correlation with market (DOW)
β = -0.0819

LYX ST Central Daily Price Deviation

LYX ST EU Technical Analysis

Transformation
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LYX ST Projected Return Density Against Market

Assuming 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 
      Returns 
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
α
Alpha over DOW
=0.27
β
Beta against DOW=0.08
σ
Overall volatility
=1.72
Ir
Information ratio =0.05

LYX ST Return Volatility

LYX 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.
 Performance (%) 
      Timeline 

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Risk-Return Analysis

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Investment Outlook

LYX ST Investment Opportunity

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

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding LYX ST EU 600 T L UETF A and equity matching DJI index in the same portfolio.

LYX ST Volatility Indicators

LYX ST EU 600 T L UETF A Current Risk Indicators

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.
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