Ossiam Lux's market value is the price at which a share of Ossiam Lux trades on a public exchange. It measures the collective expectations of Ossiam Lux Ossiam investors about its performance. Ossiam Lux is trading at 141.77 as of the 25th of November 2024, a 1.71% increase since the beginning of the trading day. The etf's open price was 139.38. With this module, you can estimate the performance of a buy and hold strategy of Ossiam Lux Ossiam and determine expected loss or profit from investing in Ossiam Lux over a given investment horizon. Check out Your Equity Center 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
Ossiam
Ossiam Lux '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 Ossiam Lux'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 Ossiam Lux.
0.00
12/06/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
11/25/2024
0.00
If you would invest 0.00 in Ossiam Lux on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Ossiam Lux Ossiam or generate 0.0% return on investment in Ossiam Lux over 720 days.
Ossiam Lux 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 Ossiam Lux'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 Ossiam Lux Ossiam 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 Ossiam Lux's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ossiam Lux's standard deviation. In reality, there are many statistical measures that can use Ossiam Lux historical prices to predict the future Ossiam Lux's volatility.
At this point, Ossiam Lux is very steady. Ossiam Lux Ossiam maintains Sharpe Ratio (i.e., Efficiency) of 0.0461, which implies the entity had a 0.0461% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ossiam Lux Ossiam, which you can use to evaluate the volatility of the etf. Please check Ossiam Lux's Coefficient Of Variation of 2183.32, semi deviation of 0.6953, and Risk Adjusted Performance of 0.0375 to confirm if the risk estimate we provide is consistent with the expected return of 0.0466%. The etf holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ossiam Lux's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ossiam Lux is expected to be smaller as well.
Auto-correlation
0.38
Below average predictability
Ossiam Lux Ossiam has below average predictability. Overlapping area represents the amount of predictability between Ossiam Lux time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Ossiam Lux Ossiam price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Ossiam Lux price fluctuation can be explain by its past prices.
Correlation Coefficient
0.38
Spearman Rank Test
0.57
Residual Average
0.0
Price Variance
20.27
Ossiam Lux Ossiam lagged returns against current returns
Autocorrelation, which is Ossiam Lux 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 Ossiam Lux's etf expected returns. We can calculate the autocorrelation of Ossiam Lux returns to help us make a trade decision. For example, suppose you find that Ossiam Lux 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
Ossiam Lux 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 Ossiam Lux etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ossiam Lux etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ossiam Lux etf over time.
Current vs Lagged Prices
Timeline
Ossiam Lux Lagged Returns
When evaluating Ossiam Lux's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ossiam Lux etf have on its future price. Ossiam Lux 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, Ossiam Lux autocorrelation shows the relationship between Ossiam Lux etf current value and its past values and can show if there is a momentum factor associated with investing in Ossiam Lux Ossiam.
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.