Lyxor 1 (Germany) Market Value
| E908 Etf | EUR 24.71 0.08 0.32% |
| Symbol | Lyxor |
Lyxor 1 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Lyxor 1's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Lyxor 1.
| 03/04/2024 |
| 08/31/2024 |
If you would invest 0.00 in Lyxor 1 on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding Lyxor 1 or generate 0.0% return on investment in Lyxor 1 over 180 days. Lyxor 1 is related to or competes with SPDR Gold, and IShares Core. COMSTAGE 1 is traded on Frankfurt Stock Exchange in Germany. More
Lyxor 1 Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Lyxor 1's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Lyxor 1 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.94 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.45 |
Lyxor 1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lyxor 1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lyxor 1's standard deviation. In reality, there are many statistical measures that can use Lyxor 1 historical prices to predict the future Lyxor 1's volatility.| Risk Adjusted Performance | 0.0093 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lyxor 1's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Lyxor 1 Backtested Returns
At this point, Lyxor 1 is very steady. Lyxor 1 has Sharpe Ratio of 0.0105, which conveys that the entity had a 0.0105% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lyxor 1, which you can use to evaluate the volatility of the etf. Please verify Lyxor 1's Mean Deviation of 0.7378, downside deviation of 1.01, and Risk Adjusted Performance of 0.0093 to check out if the risk estimate we provide is consistent with the expected return of 0.0097%. The etf secures a Beta (Market Risk) of 0.0758, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lyxor 1's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lyxor 1 is expected to be smaller as well.
Auto-correlation | 0.03 |
Virtually no predictability
Lyxor 1 has virtually no predictability. Overlapping area represents the amount of predictability between Lyxor 1 time series from 4th of March 2024 to 2nd of June 2024 and 2nd of June 2024 to 31st of August 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Lyxor 1 price movement. The serial correlation of 0.03 indicates that only 3.0% of current Lyxor 1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Lyxor 1 lagged returns against current returns
Autocorrelation, which is Lyxor 1 etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Lyxor 1's etf expected returns. We can calculate the autocorrelation of Lyxor 1 returns to help us make a trade decision. For example, suppose you find that Lyxor 1 has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Lyxor 1 regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Lyxor 1 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lyxor 1 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lyxor 1 etf over time.
Current vs Lagged Prices |
| Timeline |
Lyxor 1 Lagged Returns
When evaluating Lyxor 1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lyxor 1 etf have on its future price. Lyxor 1 autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Lyxor 1 autocorrelation shows the relationship between Lyxor 1 etf current value and its past values and can show if there is a momentum factor associated with investing in Lyxor 1 .
Regressed Prices |
| Timeline |
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Other Information on Investing in Lyxor Etf
Lyxor 1 financial ratios help investors to determine whether Lyxor Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Lyxor with respect to the benefits of owning Lyxor 1 security.