Lyxor 1 Correlations

E908 Etf

25.27 0.06 0.24%

The current 90-days correlation between Lyxor 1 TecDAX and UBS Fund Solutions is 0.35 (i.e., Weak diversification). The correlation of Lyxor 1 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Lyxor 1 Correlation With Market

Modest diversification

The correlation between Lyxor 1 TecDAX and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lyxor 1 TecDAX and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Lyxor 1 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lyxor 1 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lyxor 1 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lyxor 1 TecDAX to buy it.

Moving together with Lyxor Etf

0.64	XDJP	Xtrackers Nikkei 225	Pair Corr
0.63	SXRZ	iShares VII PLC	Pair Corr
0.62	VUSA	Vanguard Funds Public	Pair Corr
0.62	SXR8	iShares Core SP	Pair Corr
0.71	IS3N	iShares Core MSCI	Pair Corr
0.71	IBC3	iShares Core MSCI	Pair Corr
0.72	DBPE	Xtrackers LevDAX	Pair Corr
0.84	E908	Lyxor 1	Pair Corr

Moving against Lyxor Etf

0.82	DBPD	Xtrackers ShortDAX	Pair Corr
0.42	XJSE	Xtrackers II	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.27	0.49	0.13	0.5	0.1	0.64	0.34	-0.51	0.73	META
MSFT	0.27		0.16	0.21	0.15	0.03	0.05	-0.05	0.13	-0.2	MSFT
UBER	0.49	0.16		-0.05	-0.19	0.28	-0.07	-0.18	0.13	0.34	UBER
F	0.13	0.21	-0.05		0.37	-0.42	0.54	0.71	-0.41	0.33	F
T	0.5	0.15	-0.19	0.37		-0.46	0.84	0.73	-0.8	0.39	T
A	0.1	0.03	0.28	-0.42	-0.46		-0.42	-0.57	0.6	0.0	A
CRM	0.64	0.05	-0.07	0.54	0.84	-0.42		0.88	-0.91	0.63	CRM
JPM	0.34	-0.05	-0.18	0.71	0.73	-0.57	0.88		-0.85	0.46	JPM
MRK	-0.51	0.13	0.13	-0.41	-0.8	0.6	-0.91	-0.85		-0.56	MRK
XOM	0.73	-0.2	0.34	0.33	0.39	0.0	0.63	0.46	-0.56		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JPM	+ 0.88	CRM
CRM	+ 0.84	T
XOM	+ 0.73	META
JPM	+ 0.73	T
JPM	+ 0.71	F
CRM	+ 0.64	META

High negative correlations

MRK	- 0.91	CRM
MRK	- 0.85	JPM
MRK	- 0.8	T
JPM	- 0.57	A
XOM	- 0.56	MRK
MRK	- 0.51	META

Lyxor 1 Competition Risk-Adjusted Indicators

There is a big difference between Lyxor Etf performing well and Lyxor 1 ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Lyxor 1's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.16	0.19	0.09	0.40	1.36	(1.30)	3.22	(3.15)	8.02
MSFT	0.91	(0.02)	(0.03)	0.07	1.47	(0.87)	2.09	(1.85)	8.19
UBER	1.65	(0.12)	0.00	(0.02)	0.00	0.00	2.69	(2.53)	20.10
F	1.44	(0.18)	0.00	(0.01)	0.00	0.00	2.53	(2.90)	11.21
T	1.00	0.29	0.16	(7.31)	0.90	(1.16)	2.65	(1.86)	6.59
A	1.17	(0.08)	0.00	(0.07)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.27	0.30	0.22	0.36	1.01	(1.46)	3.18	(1.91)	9.98
JPM	1.13	(0.05)	0.03	0.08	1.42	(1.25)	2.05	(2.00)	15.87
MRK	0.93	(0.24)	0.00	(0.97)	0.00	0.00	2.00	(2.13)	4.89
XOM	0.98	(0.04)	(0.07)	0.02	1.32	(1.03)	2.10	(2.09)	5.74

Lyxor 1 Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lyxor 1 etf to make a market-neutral strategy. Peer analysis of Lyxor 1 could also be used in its relative valuation, which is a method of valuing Lyxor 1 by comparing valuation metrics with similar companies.

UBS Fund Solutions Xtrackers II Xtrackers Nikkei 225 iShares VII PLC SPDR Gold Shares Vanguard Funds Public iShares Nikkei 225 iShares Core SP iShares Core MSCI iShares Core MSCI American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC