LG Clean (Switzerland) Market Value
| GLUG Etf | CHF 16.39 0.07 0.43% |
| Symbol | GLUG |
LG Clean '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 Clean'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 Clean.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in LG Clean on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding LG Clean Water or generate 0.0% return on investment in LG Clean over 720 days. LG Clean is related to or competes with Vanguard FTSE, UBS ETF, IShares Corp, WisdomTree Japan, and IShares Emerging. The investment objective of the LG Clean Water UCITS ETF is to provide exposure to the global clean water industry More
LG Clean 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 Clean'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 Clean Water upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7687 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.39 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.83 |
LG Clean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG Clean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LG Clean's standard deviation. In reality, there are many statistical measures that can use LG Clean historical prices to predict the future LG Clean's volatility.| Risk Adjusted Performance | 0.0907 | |||
| Jensen Alpha | 0.0355 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.2017 |
LG Clean Water Backtested Returns
At this stage we consider GLUG Etf to be out of control. LG Clean Water retains Efficiency (Sharpe Ratio) of 0.12, which conveys that the entity had a 0.12% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for LG Clean, which you can use to evaluate the volatility of the etf. Please verify LG Clean's Standard Deviation of 0.915, mean deviation of 0.6936, and Market Risk Adjusted Performance of 0.2117 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The etf owns a Beta (Systematic Risk) of 0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LG Clean's returns are expected to increase less than the market. However, during the bear market, the loss of holding LG Clean is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
LG Clean Water has insignificant reverse predictability. Overlapping area represents the amount of predictability between LG Clean time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Clean Water price movement. The serial correlation of -0.14 indicates that less than 14.0% of current LG Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
LG Clean Water lagged returns against current returns
Autocorrelation, which is LG Clean 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 Clean's etf expected returns. We can calculate the autocorrelation of LG Clean returns to help us make a trade decision. For example, suppose you find that LG Clean 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 Clean 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 Clean etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LG Clean etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LG Clean etf over time.
Current vs Lagged Prices |
| Timeline |
LG Clean Lagged Returns
When evaluating LG Clean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LG Clean etf have on its future price. LG Clean 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 Clean autocorrelation shows the relationship between LG Clean etf current value and its past values and can show if there is a momentum factor associated with investing in LG Clean Water.
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 GLUG Etf
LG Clean financial ratios help investors to determine whether GLUG 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 GLUG with respect to the benefits of owning LG Clean security.