Ossiam Stoxx (France) Market Value
| S6EW Etf | EUR 122.72 0.48 0.39% |
| Symbol | Ossiam |
Ossiam Stoxx '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 Stoxx'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 Stoxx.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Ossiam Stoxx on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Ossiam Stoxx Europe or generate 0.0% return on investment in Ossiam Stoxx over 30 days. Ossiam Stoxx is related to or competes with Ossiam Europe, Ossiam Shiller, and . The Funds objective is to replicate, before the Funds fees and expenses, the performance of the STOXX EUROPE 600 EQUAL W... More
Ossiam Stoxx 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 Stoxx'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 Stoxx Europe upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 2.97 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 0.9326 |
Ossiam Stoxx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ossiam Stoxx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ossiam Stoxx's standard deviation. In reality, there are many statistical measures that can use Ossiam Stoxx historical prices to predict the future Ossiam Stoxx's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.49) |
Ossiam Stoxx Europe Backtested Returns
Ossiam Stoxx Europe maintains Sharpe Ratio (i.e., Efficiency) of -0.0553, which implies the entity had a -0.0553% return per unit of risk over the last 3 months. Ossiam Stoxx Europe exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ossiam Stoxx's Coefficient Of Variation of (3,299), variance of 0.3732, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The etf holds a Beta of 0.0579, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ossiam Stoxx's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ossiam Stoxx is expected to be smaller as well.
Auto-correlation | -0.02 |
Very weak reverse predictability
Ossiam Stoxx Europe has very weak reverse predictability. Overlapping area represents the amount of predictability between Ossiam Stoxx 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 Ossiam Stoxx Europe price movement. The serial correlation of -0.02 indicates that only 2.0% of current Ossiam Stoxx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Ossiam Stoxx Europe lagged returns against current returns
Autocorrelation, which is Ossiam Stoxx 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 Stoxx's etf expected returns. We can calculate the autocorrelation of Ossiam Stoxx returns to help us make a trade decision. For example, suppose you find that Ossiam Stoxx 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 Stoxx 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 Stoxx etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ossiam Stoxx etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ossiam Stoxx etf over time.
Current vs Lagged Prices |
| Timeline |
Ossiam Stoxx Lagged Returns
When evaluating Ossiam Stoxx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ossiam Stoxx etf have on its future price. Ossiam Stoxx 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 Stoxx autocorrelation shows the relationship between Ossiam Stoxx etf current value and its past values and can show if there is a momentum factor associated with investing in Ossiam Stoxx Europe.
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 Ossiam Etf
Ossiam Stoxx financial ratios help investors to determine whether Ossiam 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 Ossiam with respect to the benefits of owning Ossiam Stoxx security.