LG ISE (Switzerland) Volatility

ISPY -  Switzerland Etf  

CHF 24.92  0.23  0.93%

We consider LG ISE very steady. LG ISE Cyber retains Efficiency (Sharpe Ratio) of 0.0894, which conveys that the entity had 0.0894% of return per unit of price deviation over the last 3 months. Our outlook to estimating the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for LG ISE, which you can use to evaluate the future volatility of the etf. Please verify LG ISE Cyber Mean Deviation of 0.7395, standard deviation of 1.02, and Market Risk Adjusted Performance of (0.29) to check out if the risk estimate we provide is consistent with the expected return of 0.0924%.

LG ISE Volatility 

 
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LG ISE Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of LG ISE daily returns, and it is calculated using variance and standard deviation. We also use LG ISE's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of LG ISE volatility.

720 Days Market Risk

Very steady

Chance of Distress

Very Small

720 Days Economic Sensitivity

Almost neglects market trends

LG ISE Market Sensitivity And Downside Risk

LG ISE's beta coefficient measures the volatility of LG ISE etf compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents LG ISE etf's returns against your selected market. In other words, LG ISE's beta of -0.36 provides an investor with an approximation of how much risk LG ISE etf can potentially add to one of your existing portfolios.
Let's try to break down what LG ISE's beta means in this case. As returns on the market increase, returns on owning LG ISE are expected to decrease at a much lower rate. During the bear market, LG ISE is likely to outperform the market.
3 Months Beta |Analyze LG ISE Cyber Demand Trend
Check current 90 days LG ISE correlation with market (DOW)

LG ISE Beta

    
  -0.36  
LG ISE standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  1.03  
It is essential to understand the difference between upside risk (as represented by LG ISE's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of LG ISE stock's daily returns or price. Since the actual investment returns on holding a position in LG ISE stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in LG ISE.

LG ISE Cyber Etf Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. LG ISE Cyber Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

LG ISE Projected Return Density Against Market

Assuming the 90 days trading horizon LG ISE Cyber has a beta of -0.3556 . This usually indicates as returns on benchmark increase, returns on holding LG ISE are expected to decrease at a much lower rate. During the bear market, however, LG ISE Cyber is likely to outperform the market.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to LG ISE or LGIM Managers (Europe) Limited sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that LG ISE stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a LG ISE stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has an alpha of 0.1172, implying that it can generate a 0.12 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

LG ISE Etf Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to LG ISE or LGIM Managers (Europe) Limited sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that LG ISE stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a LG ISE stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Assuming the 90 days trading horizon the coefficient of variation of LG ISE is 1118.82. The daily returns are distributed with a variance of 1.07 and standard deviation of 1.03. The mean deviation of LG ISE Cyber is currently at 0.74. For similar time horizon, the selected benchmark (DOW) has volatility of 0.71
α
Alpha over DOW
0.12
β
Beta against DOW-0.36
σ
Overall volatility
1.03
Ir
Information ratio 0.08

LG ISE Etf Return Volatility

LG ISE historical daily return volatility represents how much LG ISE stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The fund accepts 1.0333% volatility on return distribution over the 90 days horizon. By contrast, DOW inherits 0.7076% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About LG ISE Volatility

Volatility is a rate at which the price of LG ISE or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of LG ISE may increase or decrease. In other words, similar to LG ISE's beta indicator, it measures the risk of LG ISE and helps estimate the fluctuations that may happen in a short period of time. So if prices of LG ISE fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
The Fund seeks to track the performance of ISE Cyber Security Index using full replication. LG ISE is traded on Switzerland Exchange in Switzerland.

LG ISE Investment Opportunity

LG ISE Cyber has a volatility of 1.03 and is 1.45 times more volatile than DOW. of all equities and portfolios are less risky than LG ISE. Compared to the overall equity markets, volatility of historical daily returns of LG ISE Cyber is lower than 8 () of all global equities and portfolios over the last 90 days. Use LG ISE Cyber to enhance returns of your portfolios. The etf experiences a moderate upward volatility. Check odds of LG ISE to be traded at ₣27.41 in 90 days. . Let's try to break down what LG ISE's beta means in this case. As returns on the market increase, returns on owning LG ISE are expected to decrease at a much lower rate. During the bear market, LG ISE is likely to outperform the market.

Very good diversification

The correlation between LG ISE Cyber Security and DJI is Very good diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LG ISE Cyber Security and DJI in the same portfolio assuming nothing else is changed.

LG ISE Additional Risk Indicators

The analysis of LG ISE's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in LG ISE's investment and either accepting that risk or mitigating it. Along with some common measures of LG ISE stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance0.0839
Market Risk Adjusted Performance(0.29)
Mean Deviation0.7395
Semi Deviation0.9619
Downside Deviation1.12
Coefficient Of Variation874.98
Standard Deviation1.02
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

LG ISE Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against LG ISE as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. LG ISE's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, LG ISE's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to LG ISE Cyber.
Please see Risk vs Return Analysis. Note that the LG ISE Cyber information on this page should be used as a complementary analysis to other LG ISE's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Other Tools for LG ISE Etf

When running LG ISE Cyber price analysis, check to measure LG ISE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy LG ISE is operating at the current time. Most of LG ISE's value examination focuses on studying past and present price action to predict the probability of LG ISE's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move LG ISE's price. Additionally, you may evaluate how the addition of LG ISE to your portfolios can decrease your overall portfolio volatility.
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