LG DAX (Germany) Market Value
| DES2 Etf | EUR 1.00 0.01 1.01% |
| Symbol | DES2 |
LG 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 LG 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 LG DAX.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in LG DAX on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding LG DAX Daily or generate 0.0% return on investment in LG DAX over 30 days. LG DAX is related to or competes with SPDR Barclays. The Fund is designed to track the performance of the ShortDAX x2 Index More
LG 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 LG 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 LG DAX Daily upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.9 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 3.09 |
LG DAX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG DAX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LG DAX's standard deviation. In reality, there are many statistical measures that can use LG DAX historical prices to predict the future LG DAX's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.1909 |
LG DAX Daily Backtested Returns
LG DAX Daily retains Efficiency (Sharpe Ratio) of -0.0133, which conveys that the entity had a -0.0133% return per unit of price deviation over the last 3 months. LG DAX exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LG DAX's Information Ratio of (0.13), mean deviation of 1.12, and Market Risk Adjusted Performance of 0.2009 to check out the risk estimate we provide. The etf owns a Beta (Systematic Risk) of -0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning LG DAX are expected to decrease at a much lower rate. During the bear market, LG DAX is likely to outperform the market.
Auto-correlation | -0.01 |
Very weak reverse predictability
LG DAX Daily has very weak reverse predictability. Overlapping area represents the amount of predictability between LG DAX time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 DAX Daily price movement. The serial correlation of -0.01 indicates that just 1.0% of current LG DAX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
LG DAX Daily lagged returns against current returns
Autocorrelation, which is LG 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 LG DAX's etf expected returns. We can calculate the autocorrelation of LG DAX returns to help us make a trade decision. For example, suppose you find that LG 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 |
LG 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 LG DAX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LG DAX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LG DAX etf over time.
Current vs Lagged Prices |
| Timeline |
LG DAX Lagged Returns
When evaluating LG DAX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LG DAX etf have on its future price. LG 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, LG DAX autocorrelation shows the relationship between LG DAX etf current value and its past values and can show if there is a momentum factor associated with investing in LG DAX Daily.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in DES2 Etf
LG DAX financial ratios help investors to determine whether DES2 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 DES2 with respect to the benefits of owning LG DAX security.