Lyxor 1's market value is the price at which a share of Lyxor 1 trades on a public exchange. It measures the collective expectations of Lyxor 1 TecDAX investors about its performance. Lyxor 1 is trading at 24.82 as of the 26th of November 2024, a 0.98 percent increase since the beginning of the trading day. The etf's lowest day price was 24.68. With this module, you can estimate the performance of a buy and hold strategy of Lyxor 1 TecDAX and determine expected loss or profit from investing in Lyxor 1 over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Lyxor
Lyxor 1 '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 1'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 1.
0.00
10/27/2024
No Change 0.00
0.0
In 30 days
11/26/2024
0.00
If you would invest 0.00 in Lyxor 1 on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Lyxor 1 TecDAX or generate 0.0% return on investment in Lyxor 1 over 30 days.
Lyxor 1 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 1'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 1 TecDAX upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lyxor 1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lyxor 1's standard deviation. In reality, there are many statistical measures that can use Lyxor 1 historical prices to predict the future Lyxor 1's volatility.
At this point, Lyxor 1 is very steady. Lyxor 1 TecDAX has Sharpe Ratio of 0.0224, which conveys that the entity had a 0.0224% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lyxor 1, which you can use to evaluate the volatility of the etf. Please verify Lyxor 1's Risk Adjusted Performance of 0.0142, mean deviation of 0.8011, and Downside Deviation of 0.9908 to check out if the risk estimate we provide is consistent with the expected return of 0.0229%. The etf secures a Beta (Market Risk) of 0.45, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lyxor 1's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lyxor 1 is expected to be smaller as well.
Auto-correlation
0.64
Good predictability
Lyxor 1 TecDAX has good predictability. Overlapping area represents the amount of predictability between Lyxor 1 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 Lyxor 1 TecDAX price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Lyxor 1 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.64
Spearman Rank Test
-0.24
Residual Average
0.0
Price Variance
0.07
Lyxor 1 TecDAX lagged returns against current returns
Autocorrelation, which is Lyxor 1 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 1's etf expected returns. We can calculate the autocorrelation of Lyxor 1 returns to help us make a trade decision. For example, suppose you find that Lyxor 1 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 1 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 1 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lyxor 1 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lyxor 1 etf over time.
Current vs Lagged Prices
Timeline
Lyxor 1 Lagged Returns
When evaluating Lyxor 1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lyxor 1 etf have on its future price. Lyxor 1 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 1 autocorrelation shows the relationship between Lyxor 1 etf current value and its past values and can show if there is a momentum factor associated with investing in Lyxor 1 TecDAX.
Regressed Prices
Timeline
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