LYXOR EURO's market value is the price at which a share of LYXOR EURO trades on a public exchange. It measures the collective expectations of LYXOR EURO STOXX investors about its performance. LYXOR EURO is trading at 0.81 as of the 2nd of December 2024, a 1.22 percent decrease since the beginning of the trading day. The etf's lowest day price was 0.81. With this module, you can estimate the performance of a buy and hold strategy of LYXOR EURO STOXX and determine expected loss or profit from investing in LYXOR EURO over a given investment horizon. Check out Correlation Analysis 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 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.
0.00
12/13/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
12/02/2024
0.00
If you would invest 0.00 in LYXOR EURO on December 13, 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 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.
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.
At this point, LYXOR EURO is out of control. LYXOR EURO STOXX has Sharpe Ratio of 0.0467, which conveys that the entity had a 0.0467% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for LYXOR EURO, which you can use to evaluate the volatility of the etf. Please verify LYXOR EURO's Risk Adjusted Performance of 0.0558, market risk adjusted performance of 2.21, and Mean Deviation of 1.76 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. The etf secures a Beta (Market Risk) of 0.0589, which conveys not very significant fluctuations relative to the market. 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
0.60
Good predictability
LYXOR EURO STOXX has good predictability. Overlapping area represents the amount of predictability between LYXOR EURO 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 LYXOR EURO STOXX price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current LYXOR EURO price fluctuation can be explain by its past prices.
Correlation Coefficient
0.6
Spearman Rank Test
0.21
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
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