Lyxor BEL (Belgium) Market Value
| BEL Etf | EUR 62.79 0.37 0.59% |
| Symbol | Lyxor |
Lyxor BEL '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 BEL'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 BEL.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Lyxor BEL on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Lyxor BEL 20 or generate 0.0% return on investment in Lyxor BEL over 30 days. Lyxor BEL is related to or competes with IShares II, VanEck AEX, Amundi Index, Ackermans Van, and Multi Units. The Lyxor BEL 20 TR UCITS ETF is a UCITS compliant exchange traded fund that aims to track the benchmark index Brussels ... More
Lyxor BEL 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 BEL'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 BEL 20 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7792 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.44 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 0.9249 |
Lyxor BEL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lyxor BEL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lyxor BEL's standard deviation. In reality, there are many statistical measures that can use Lyxor BEL historical prices to predict the future Lyxor BEL's volatility.| Risk Adjusted Performance | 0.0341 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0616 |
Lyxor BEL 20 Backtested Returns
Currently, Lyxor BEL 20 is very steady. Lyxor BEL 20 has Sharpe Ratio of 0.0208, which conveys that the entity had a 0.0208% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lyxor BEL, which you can use to evaluate the volatility of the etf. Please verify Lyxor BEL's Downside Deviation of 0.7792, mean deviation of 0.5627, and Risk Adjusted Performance of 0.0341 to check out if the risk estimate we provide is consistent with the expected return of 0.0147%. The etf secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lyxor BEL's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lyxor BEL is expected to be smaller as well.
Auto-correlation | -0.03 |
Very weak reverse predictability
Lyxor BEL 20 has very weak reverse predictability. Overlapping area represents the amount of predictability between Lyxor BEL time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Lyxor BEL 20 price movement. The serial correlation of -0.03 indicates that only 3.0% of current Lyxor BEL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Lyxor BEL 20 lagged returns against current returns
Autocorrelation, which is Lyxor BEL 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 BEL's etf expected returns. We can calculate the autocorrelation of Lyxor BEL returns to help us make a trade decision. For example, suppose you find that Lyxor BEL 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 BEL 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 BEL etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lyxor BEL etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lyxor BEL etf over time.
Current vs Lagged Prices |
| Timeline |
Lyxor BEL Lagged Returns
When evaluating Lyxor BEL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lyxor BEL etf have on its future price. Lyxor BEL 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 BEL autocorrelation shows the relationship between Lyxor BEL etf current value and its past values and can show if there is a momentum factor associated with investing in Lyxor BEL 20.
Regressed Prices |
| Timeline |
Pair Trading with Lyxor BEL
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lyxor BEL position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lyxor BEL will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Lyxor BEL 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 BEL 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 BEL - 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 BEL 20 to buy it.
The correlation of Lyxor BEL 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lyxor BEL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lyxor BEL 20 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lyxor BEL can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Lyxor Etf
Lyxor BEL 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 BEL security.