Ossiam Lux's market value is the price at which a share of Ossiam Lux trades on a public exchange. It measures the collective expectations of Ossiam Lux investors about its performance. Ossiam Lux is trading at 136.92 as of the 29th of November 2024, a 0.12 percent decrease since the beginning of the trading day. The etf's open price was 137.09. With this module, you can estimate the performance of a buy and hold strategy of Ossiam Lux and determine expected loss or profit from investing in Ossiam Lux over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Ossiam
Ossiam Lux '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 Ossiam Lux'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 Ossiam Lux.
0.00
08/31/2024
No Change 0.00
0.0
In 2 months and 31 days
11/29/2024
0.00
If you would invest 0.00 in Ossiam Lux on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Ossiam Lux or generate 0.0% return on investment in Ossiam Lux over 90 days.
Ossiam Lux 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 Ossiam Lux'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 Ossiam Lux upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ossiam Lux's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ossiam Lux's standard deviation. In reality, there are many statistical measures that can use Ossiam Lux historical prices to predict the future Ossiam Lux's volatility.
At this point, Ossiam Lux is very steady. Ossiam Lux maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ossiam Lux, which you can use to evaluate the volatility of the etf. Please check Ossiam Lux's Risk Adjusted Performance of 0.0852, semi deviation of 0.4297, and Coefficient Of Variation of 873.17 to confirm if the risk estimate we provide is consistent with the expected return of 0.0664%. The etf holds a Beta of 0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ossiam Lux's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ossiam Lux is expected to be smaller as well.
Auto-correlation
-0.31
Poor reverse predictability
Ossiam Lux has poor reverse predictability. Overlapping area represents the amount of predictability between Ossiam Lux time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th of November 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 Ossiam Lux price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Ossiam Lux price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.31
Spearman Rank Test
-0.23
Residual Average
0.0
Price Variance
1.56
Ossiam Lux lagged returns against current returns
Autocorrelation, which is Ossiam Lux 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 Ossiam Lux's etf expected returns. We can calculate the autocorrelation of Ossiam Lux returns to help us make a trade decision. For example, suppose you find that Ossiam Lux 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
Ossiam Lux 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 Ossiam Lux etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ossiam Lux etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ossiam Lux etf over time.
Current vs Lagged Prices
Timeline
Ossiam Lux Lagged Returns
When evaluating Ossiam Lux's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ossiam Lux etf have on its future price. Ossiam Lux 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, Ossiam Lux autocorrelation shows the relationship between Ossiam Lux etf current value and its past values and can show if there is a momentum factor associated with investing in Ossiam Lux .
Regressed Prices
Timeline
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