CN LGYPWRGRUNSPADR1 (Germany) Market Value
| 6WX0 Stock | 7.00 0.15 2.19% |
| Symbol | 6WX0 |
CN LGYPWRGRUNSPADR1 '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 CN LGYPWRGRUNSPADR1's stock 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 CN LGYPWRGRUNSPADR1.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in CN LGYPWRGRUNSPADR1 on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding CN LGYPWRGRUNSPADR10 or generate 0.0% return on investment in CN LGYPWRGRUNSPADR1 over 720 days. CN LGYPWRGRUNSPADR1 is related to or competes with PNE AG, Lyxor 1, Xtrackers ShortDAX, and Xtrackers LevDAX. More
CN LGYPWRGRUNSPADR1 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 CN LGYPWRGRUNSPADR1's stock 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 CN LGYPWRGRUNSPADR10 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.36 | |||
| Information Ratio | 0.0415 | |||
| Maximum Drawdown | 25.06 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 5.15 |
CN LGYPWRGRUNSPADR1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CN LGYPWRGRUNSPADR1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CN LGYPWRGRUNSPADR1's standard deviation. In reality, there are many statistical measures that can use CN LGYPWRGRUNSPADR1 historical prices to predict the future CN LGYPWRGRUNSPADR1's volatility.| Risk Adjusted Performance | 0.0655 | |||
| Jensen Alpha | 0.2165 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0348 | |||
| Treynor Ratio | 0.6148 |
CN LGYPWRGRUNSPADR10 Backtested Returns
CN LGYPWRGRUNSPADR1 appears to be slightly risky, given 3 months investment horizon. CN LGYPWRGRUNSPADR10 retains Efficiency (Sharpe Ratio) of 0.094, which signifies that the company had a 0.094% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for CN LGYPWRGRUNSPADR1, which you can use to evaluate the volatility of the firm. Please makes use of CN LGYPWRGRUNSPADR1's Market Risk Adjusted Performance of 0.6248, coefficient of variation of 1326.03, and Standard Deviation of 3.66 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CN LGYPWRGRUNSPADR1 holds a performance score of 7. The firm owns a Beta (Systematic Risk) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CN LGYPWRGRUNSPADR1's returns are expected to increase less than the market. However, during the bear market, the loss of holding CN LGYPWRGRUNSPADR1 is expected to be smaller as well. Please check CN LGYPWRGRUNSPADR1's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether CN LGYPWRGRUNSPADR1's current price history will revert.
Auto-correlation | -0.61 |
Very good reverse predictability
CN LGYPWRGRUNSPADR10 has very good reverse predictability. Overlapping area represents the amount of predictability between CN LGYPWRGRUNSPADR1 time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd of December 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 CN LGYPWRGRUNSPADR10 price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current CN LGYPWRGRUNSPADR1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.96 |
CN LGYPWRGRUNSPADR10 lagged returns against current returns
Autocorrelation, which is CN LGYPWRGRUNSPADR1 stock'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 CN LGYPWRGRUNSPADR1's stock expected returns. We can calculate the autocorrelation of CN LGYPWRGRUNSPADR1 returns to help us make a trade decision. For example, suppose you find that CN LGYPWRGRUNSPADR1 has exhibited high autocorrelation historically, and you observe that the stock 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 |
CN LGYPWRGRUNSPADR1 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 CN LGYPWRGRUNSPADR1 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CN LGYPWRGRUNSPADR1 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CN LGYPWRGRUNSPADR1 stock over time.
Current vs Lagged Prices |
| Timeline |
CN LGYPWRGRUNSPADR1 Lagged Returns
When evaluating CN LGYPWRGRUNSPADR1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CN LGYPWRGRUNSPADR1 stock have on its future price. CN LGYPWRGRUNSPADR1 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, CN LGYPWRGRUNSPADR1 autocorrelation shows the relationship between CN LGYPWRGRUNSPADR1 stock current value and its past values and can show if there is a momentum factor associated with investing in CN LGYPWRGRUNSPADR10.
Regressed Prices |
| Timeline |
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Other Information on Investing in 6WX0 Stock
CN LGYPWRGRUNSPADR1 financial ratios help investors to determine whether 6WX0 Stock 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 6WX0 with respect to the benefits of owning CN LGYPWRGRUNSPADR1 security.