Lyxor UCITS Correlations

BXX Etf  EUR 0.69  0.01  1.43%   
The current 90-days correlation between Lyxor UCITS Stoxx and Lyxor UCITS NASDAQ 100 is -0.34 (i.e., Very good diversification). The correlation of Lyxor UCITS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
  
The ability to find closely correlated positions to Lyxor UCITS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lyxor UCITS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lyxor UCITS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lyxor UCITS Stoxx to buy it.

Moving together with Lyxor Etf

  0.85DSD Lyxor UCITS DailyPairCorr
  0.75BX4 Lyxor UCITS CACPairCorr
  0.71SHC Lyxor UCITS DailyPairCorr

Moving against Lyxor Etf

  0.99MSE Lyxor UCITS StoxxPairCorr
  0.92CAC Amundi CAC 40PairCorr
  0.91CACC Lyxor CAC 40PairCorr
  0.71GBS Gold Bullion SecuritiesPairCorr
  0.59CRUDP WisdomTree WTI CrudePairCorr
  0.39EMLD SSgA SPDR ETFsPairCorr
  0.33DSB Amundi German BundPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
XOMF
XOMUBER
CRMT
MSFTMETA
FUBER
CRMMSFT
  
High negative correlations   
CRMUBER
XOMMETA
MRKJPM
UBERMETA
FMETA
MRKCRM

Lyxor UCITS Competition Risk-Adjusted Indicators

There is a big difference between Lyxor Etf performing well and Lyxor UCITS ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Lyxor UCITS's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.35  0.12  0.06  0.37  1.51 
 3.43 
 7.43 
MSFT  0.96  0.11  0.05  1.81  1.52 
 2.12 
 8.14 
UBER  1.60 (0.27) 0.00 (3.51) 0.00 
 2.67 
 12.29 
F  1.44 (0.12) 0.00 (0.23) 0.00 
 2.46 
 11.21 
T  0.97  0.05  0.03  0.17  1.13 
 1.91 
 7.96 
A  1.21  0.13  0.09  0.28  1.20 
 2.81 
 8.06 
CRM  1.42  0.21  0.12  0.85  1.45 
 3.16 
 14.80 
JPM  1.05  0.25  0.18  1.04  1.09 
 1.92 
 15.87 
MRK  0.99 (0.21) 0.00 (1.25) 0.00 
 1.74 
 5.24 
XOM  0.75 (0.15) 0.00 (0.35) 0.00 
 1.71 
 6.06 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lyxor UCITS without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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