Lyxor BofAML (France) Market Value
| USHY Etf | EUR 90.92 0.18 0.20% |
| Symbol | Lyxor |
Please note, there is a significant difference between Lyxor BofAML's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lyxor BofAML is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lyxor BofAML's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Lyxor BofAML '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 BofAML'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 BofAML.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Lyxor BofAML on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Lyxor BofAML High or generate 0.0% return on investment in Lyxor BofAML over 30 days. Lyxor BofAML is related to or competes with Lyxor UCITS, Lyxor UCITS, Lyxor Treasury, Lyxor UCITS, Lyxor Index, and Lyxor UCITS. The Lyxor BofAML High Yield Bond UCITS ETF is a UCITS compliant exchange traded fund that aims to track the benchmark in... More
Lyxor BofAML 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 BofAML'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 BofAML High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.83 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.69 |
Lyxor BofAML Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lyxor BofAML's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lyxor BofAML's standard deviation. In reality, there are many statistical measures that can use Lyxor BofAML historical prices to predict the future Lyxor BofAML's volatility.| Risk Adjusted Performance | 0.0644 | |||
| Jensen Alpha | 0.1011 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.33) |
Lyxor BofAML High Backtested Returns
At this point, Lyxor BofAML is very steady. Lyxor BofAML High has Sharpe Ratio of 0.19, which conveys that the entity had a 0.19 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lyxor BofAML, which you can use to evaluate the volatility of the etf. Please verify Lyxor BofAML's Downside Deviation of 1.29, risk adjusted performance of 0.0644, and Mean Deviation of 0.7127 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 -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lyxor BofAML are expected to decrease at a much lower rate. During the bear market, Lyxor BofAML is likely to outperform the market.
Auto-correlation | 0.04 |
Virtually no predictability
Lyxor BofAML High has virtually no predictability. Overlapping area represents the amount of predictability between Lyxor BofAML time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. 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 BofAML High price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Lyxor BofAML price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Lyxor BofAML High lagged returns against current returns
Autocorrelation, which is Lyxor BofAML 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 BofAML's etf expected returns. We can calculate the autocorrelation of Lyxor BofAML returns to help us make a trade decision. For example, suppose you find that Lyxor BofAML 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 BofAML 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 BofAML etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lyxor BofAML etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lyxor BofAML etf over time.
Current vs Lagged Prices |
| Timeline |
Lyxor BofAML Lagged Returns
When evaluating Lyxor BofAML's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lyxor BofAML etf have on its future price. Lyxor BofAML 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 BofAML autocorrelation shows the relationship between Lyxor BofAML etf current value and its past values and can show if there is a momentum factor associated with investing in Lyxor BofAML High.
Regressed Prices |
| Timeline |
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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 BofAML 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 BofAML security.