LG Longer (UK) Market Value
| COMF Etf | 22.61 0.02 0.09% |
| Symbol | COMF |
LG Longer '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 LG Longer'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 LG Longer.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in LG Longer on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding LG Longer Dated or generate 0.0% return on investment in LG Longer over 720 days. LG Longer is related to or competes with IShares MSCI, Amundi EUR, IShares JP, Xtrackers MSCI, and Lyxor Smart. LG Longer is entity of United Kingdom. It is traded as Etf on LSE exchange. More
LG Longer 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 LG Longer'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 LG Longer Dated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8591 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.59 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.13 |
LG Longer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG Longer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LG Longer's standard deviation. In reality, there are many statistical measures that can use LG Longer historical prices to predict the future LG Longer's volatility.| Risk Adjusted Performance | 0.0293 | |||
| Jensen Alpha | 0.0277 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0.23) |
LG Longer Dated Backtested Returns
Currently, LG Longer Dated is very steady. LG Longer Dated retains Efficiency (Sharpe Ratio) of 0.0638, which conveys that the entity had a 0.0638% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for LG Longer, which you can use to evaluate the volatility of the etf. Please verify LG Longer's Mean Deviation of 0.5559, market risk adjusted performance of (0.22), and Standard Deviation of 0.7231 to check out if the risk estimate we provide is consistent with the expected return of 0.046%. The etf owns a Beta (Systematic Risk) of -0.0789, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LG Longer are expected to decrease at a much lower rate. During the bear market, LG Longer is likely to outperform the market.
Auto-correlation | -0.66 |
Very good reverse predictability
LG Longer Dated has very good reverse predictability. Overlapping area represents the amount of predictability between LG Longer time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 LG Longer Dated price movement. The serial correlation of -0.66 indicates that around 66.0% of current LG Longer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
LG Longer Dated lagged returns against current returns
Autocorrelation, which is LG Longer 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 LG Longer's etf expected returns. We can calculate the autocorrelation of LG Longer returns to help us make a trade decision. For example, suppose you find that LG Longer 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 |
LG Longer 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 LG Longer etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LG Longer etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LG Longer etf over time.
Current vs Lagged Prices |
| Timeline |
LG Longer Lagged Returns
When evaluating LG Longer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LG Longer etf have on its future price. LG Longer 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, LG Longer autocorrelation shows the relationship between LG Longer etf current value and its past values and can show if there is a momentum factor associated with investing in LG Longer Dated.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in COMF Etf
LG Longer financial ratios help investors to determine whether COMF 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 COMF with respect to the benefits of owning LG Longer security.