Lyxor DAX (Switzerland) Market Value
| DAXD Etf | CHF 84.26 1.07 1.29% |
| Symbol | Lyxor |
Please note, there is a significant difference between Lyxor DAX's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lyxor DAX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lyxor DAX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Lyxor DAX '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 DAX'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 DAX.
| 06/09/2024 |
| 12/31/2025 |
If you would invest 0.00 in Lyxor DAX on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding Lyxor DAX UCITS or generate 0.0% return on investment in Lyxor DAX over 570 days. Lyxor DAX is related to or competes with UBSFund Solutions, Vanguard, IShares VII, IShares Core, IShares Core, IShares SP, and Amundi EURO. More
Lyxor DAX 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 DAX'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 DAX UCITS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.97 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.28 |
Lyxor DAX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lyxor DAX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lyxor DAX's standard deviation. In reality, there are many statistical measures that can use Lyxor DAX historical prices to predict the future Lyxor DAX's volatility.| Risk Adjusted Performance | 0.0282 | |||
| Jensen Alpha | 0.0297 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.20) |
Lyxor DAX UCITS Backtested Returns
Lyxor DAX UCITS has Sharpe Ratio of -0.0319, which conveys that the entity had a -0.0319 % return per unit of risk over the last 3 months. Lyxor DAX exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lyxor DAX's Risk Adjusted Performance of 0.0282, mean deviation of 0.6876, and Downside Deviation of 1.03 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lyxor DAX are expected to decrease at a much lower rate. During the bear market, Lyxor DAX is likely to outperform the market.
Auto-correlation | 0.70 |
Good predictability
Lyxor DAX UCITS has good predictability. Overlapping area represents the amount of predictability between Lyxor DAX time series from 9th of June 2024 to 21st of March 2025 and 21st of March 2025 to 31st of December 2025. 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 DAX UCITS price movement. The serial correlation of 0.7 indicates that around 70.0% of current Lyxor DAX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 14.12 |
Lyxor DAX UCITS lagged returns against current returns
Autocorrelation, which is Lyxor DAX 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 DAX's etf expected returns. We can calculate the autocorrelation of Lyxor DAX returns to help us make a trade decision. For example, suppose you find that Lyxor DAX 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 DAX 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 DAX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lyxor DAX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lyxor DAX etf over time.
Current vs Lagged Prices |
| Timeline |
Lyxor DAX Lagged Returns
When evaluating Lyxor DAX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lyxor DAX etf have on its future price. Lyxor DAX 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 DAX autocorrelation shows the relationship between Lyxor DAX etf current value and its past values and can show if there is a momentum factor associated with investing in Lyxor DAX UCITS.
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 Lyxor Etf
Lyxor DAX 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 DAX security.