LYXOR EURO (Germany) Market Value
| LSK8 Etf | EUR 0.81 0.01 1.25% |
| Symbol | LYXOR |
Please note, there is a significant difference between LYXOR EURO's value and its price as these two are different measures arrived at by different means. Investors typically determine if LYXOR EURO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LYXOR EURO'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 EURO '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 EURO'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 EURO.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in LYXOR EURO on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding LYXOR EURO STOXX or generate 0.0% return on investment in LYXOR EURO over 720 days. LYXOR EURO is related to or competes with LYXOR Index, and LYXOR DAILY. More
LYXOR EURO 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 EURO'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 EURO STOXX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 8.94 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 2.7 |
LYXOR EURO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LYXOR EURO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LYXOR EURO's standard deviation. In reality, there are many statistical measures that can use LYXOR EURO historical prices to predict the future LYXOR EURO's volatility.| Risk Adjusted Performance | 0.0425 | |||
| Jensen Alpha | 0.0437 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1987 |
LYXOR EURO STOXX Backtested Returns
At this point, LYXOR EURO is dangerous. LYXOR EURO STOXX has Sharpe Ratio of 0.0387, which conveys that the entity had a 0.0387% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for LYXOR EURO, which you can use to evaluate the volatility of the etf. Please verify LYXOR EURO's Mean Deviation of 1.66, risk adjusted performance of 0.0425, and Market Risk Adjusted Performance of 0.2087 to check out if the risk estimate we provide is consistent with the expected return of 0.08%. The etf secures a Beta (Market Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LYXOR EURO's returns are expected to increase less than the market. However, during the bear market, the loss of holding LYXOR EURO is expected to be smaller as well.
Auto-correlation | 0.67 |
Good predictability
LYXOR EURO STOXX has good predictability. Overlapping area represents the amount of predictability between LYXOR EURO time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 EURO STOXX price movement. The serial correlation of 0.67 indicates that around 67.0% of current LYXOR EURO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
LYXOR EURO STOXX lagged returns against current returns
Autocorrelation, which is LYXOR EURO 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 EURO's etf expected returns. We can calculate the autocorrelation of LYXOR EURO returns to help us make a trade decision. For example, suppose you find that LYXOR EURO 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 EURO 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 EURO etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LYXOR EURO etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LYXOR EURO etf over time.
Current vs Lagged Prices |
| Timeline |
LYXOR EURO Lagged Returns
When evaluating LYXOR EURO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LYXOR EURO etf have on its future price. LYXOR EURO 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 EURO autocorrelation shows the relationship between LYXOR EURO etf current value and its past values and can show if there is a momentum factor associated with investing in LYXOR EURO STOXX.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in LYXOR Etf
LYXOR EURO 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 EURO security.