LYXOR DAILY's market value is the price at which a share of LYXOR DAILY trades on a public exchange. It measures the collective expectations of LYXOR DAILY SHORTDAX investors about its performance. LYXOR DAILY is trading at 0.86 as of the 29th of November 2024, a 1.15 percent decrease since the beginning of the trading day. The etf's lowest day price was 0.86. With this module, you can estimate the performance of a buy and hold strategy of LYXOR DAILY SHORTDAX and determine expected loss or profit from investing in LYXOR DAILY 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 DAILY '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 DAILY'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 DAILY.
0.00
10/30/2024
No Change 0.00
0.0
In 31 days
11/29/2024
0.00
If you would invest 0.00 in LYXOR DAILY on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding LYXOR DAILY SHORTDAX or generate 0.0% return on investment in LYXOR DAILY over 30 days.
LYXOR DAILY 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 DAILY'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 DAILY SHORTDAX 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 DAILY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LYXOR DAILY's standard deviation. In reality, there are many statistical measures that can use LYXOR DAILY historical prices to predict the future LYXOR DAILY's volatility.
LYXOR DAILY SHORTDAX has Sharpe Ratio of -0.0208, which conveys that the entity had a -0.0208% return per unit of standard deviation over the last 3 months. LYXOR DAILY exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LYXOR DAILY's Market Risk Adjusted Performance of 0.3288, risk adjusted performance of (0.01), and Mean Deviation of 1.36 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LYXOR DAILY are expected to decrease at a much lower rate. During the bear market, LYXOR DAILY is likely to outperform the market.
Auto-correlation
0.04
Virtually no predictability
LYXOR DAILY SHORTDAX has virtually no predictability. Overlapping area represents the amount of predictability between LYXOR DAILY time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 DAILY SHORTDAX price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current LYXOR DAILY price fluctuation can be explain by its past prices.
Correlation Coefficient
0.04
Spearman Rank Test
-0.05
Residual Average
0.0
Price Variance
0.0
LYXOR DAILY SHORTDAX lagged returns against current returns
Autocorrelation, which is LYXOR DAILY 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 DAILY's etf expected returns. We can calculate the autocorrelation of LYXOR DAILY returns to help us make a trade decision. For example, suppose you find that LYXOR DAILY 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 DAILY 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 DAILY etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LYXOR DAILY etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LYXOR DAILY etf over time.
Current vs Lagged Prices
Timeline
LYXOR DAILY Lagged Returns
When evaluating LYXOR DAILY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LYXOR DAILY etf have on its future price. LYXOR DAILY 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 DAILY autocorrelation shows the relationship between LYXOR DAILY etf current value and its past values and can show if there is a momentum factor associated with investing in LYXOR DAILY SHORTDAX.
Regressed Prices
Timeline
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