Lyxor Smart (UK) Market Value
| SMTC Etf | 1,219 0.43 0.04% |
| Symbol | Lyxor |
Lyxor Smart '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 Smart'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 Smart.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Lyxor Smart on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Lyxor Smart Overnight or generate 0.0% return on investment in Lyxor Smart over 30 days. Lyxor Smart is related to or competes with Leverage Shares, Leverage Shares, Leverage Shares, WisdomTree Short, Leverage Shares, Leverage Shares, and Leverage Shares. Lyxor Smart is entity of United Kingdom. It is traded as Etf on LSE exchange. More
Lyxor Smart 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 Smart'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 Smart Overnight upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.025 | |||
| Information Ratio | (2.12) | |||
| Maximum Drawdown | 0.1636 | |||
| Value At Risk | (0.03) | |||
| Potential Upside | 0.0738 |
Lyxor Smart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lyxor Smart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lyxor Smart's standard deviation. In reality, there are many statistical measures that can use Lyxor Smart historical prices to predict the future Lyxor Smart's volatility.| Risk Adjusted Performance | 0.2476 | |||
| Jensen Alpha | 0.0112 | |||
| Total Risk Alpha | 0.0071 | |||
| Sortino Ratio | (2.97) | |||
| Treynor Ratio | (5.26) |
Lyxor Smart Overnight Backtested Returns
Currently, Lyxor Smart Overnight is very steady. Lyxor Smart Overnight has Sharpe Ratio of 0.58, which conveys that the entity had a 0.58% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lyxor Smart, which you can use to evaluate the volatility of the etf. Please verify Lyxor Smart's Mean Deviation of 0.0276, coefficient of variation of 166.49, and Risk Adjusted Performance of 0.2476 to check out if the risk estimate we provide is consistent with the expected return of 0.0201%. The etf secures a Beta (Market Risk) of -0.0021, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lyxor Smart are expected to decrease at a much lower rate. During the bear market, Lyxor Smart is likely to outperform the market.
Auto-correlation | 0.86 |
Very good predictability
Lyxor Smart Overnight has very good predictability. Overlapping area represents the amount of predictability between Lyxor Smart time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 Smart Overnight price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Lyxor Smart price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Lyxor Smart Overnight lagged returns against current returns
Autocorrelation, which is Lyxor Smart 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 Smart's etf expected returns. We can calculate the autocorrelation of Lyxor Smart returns to help us make a trade decision. For example, suppose you find that Lyxor Smart 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 Smart 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 Smart etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lyxor Smart etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lyxor Smart etf over time.
Current vs Lagged Prices |
| Timeline |
Lyxor Smart Lagged Returns
When evaluating Lyxor Smart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lyxor Smart etf have on its future price. Lyxor Smart 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 Smart autocorrelation shows the relationship between Lyxor Smart etf current value and its past values and can show if there is a momentum factor associated with investing in Lyxor Smart Overnight.
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 Lyxor Etf
Lyxor Smart 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 Smart security.