Lyxor Index (France) Market Value
| BNK Etf | EUR 32.62 0.12 0.37% |
| Symbol | Lyxor |
Lyxor Index '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 Index'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 Index.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Lyxor Index on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Lyxor Index Fund or generate 0.0% return on investment in Lyxor Index over 30 days. Lyxor Index is related to or competes with Amundi Index, Amundi Index, Manitou BF, Ossiam Minimum, Ekinops SA, Orapi SA, and Memscap Regpt. The investment objective of Lyxor Index Fund - Lyxor Stoxx Europe 600 Banks UCITS ETF is to track the upward and the dow... More
Lyxor Index 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 Index'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 Index Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.76 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.62 |
Lyxor Index Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lyxor Index's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lyxor Index's standard deviation. In reality, there are many statistical measures that can use Lyxor Index historical prices to predict the future Lyxor Index's volatility.| Risk Adjusted Performance | 0.0265 | |||
| Jensen Alpha | 0.0471 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | (0.11) |
Lyxor Index Fund Backtested Returns
At this point, Lyxor Index is very steady. Lyxor Index Fund has Sharpe Ratio of 0.0601, which conveys that the entity had a 0.0601% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lyxor Index, which you can use to evaluate the volatility of the etf. Please verify Lyxor Index's Downside Deviation of 1.08, mean deviation of 0.7854, and Risk Adjusted Performance of 0.0265 to check out if the risk estimate we provide is consistent with the expected return of 0.059%. The etf secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lyxor Index are expected to decrease at a much lower rate. During the bear market, Lyxor Index is likely to outperform the market.
Auto-correlation | 0.66 |
Good predictability
Lyxor Index Fund has good predictability. Overlapping area represents the amount of predictability between Lyxor Index time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Index Fund price movement. The serial correlation of 0.66 indicates that around 66.0% of current Lyxor Index price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Lyxor Index Fund lagged returns against current returns
Autocorrelation, which is Lyxor Index 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 Index's etf expected returns. We can calculate the autocorrelation of Lyxor Index returns to help us make a trade decision. For example, suppose you find that Lyxor Index 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 Index 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 Index etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lyxor Index etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lyxor Index etf over time.
Current vs Lagged Prices |
| Timeline |
Lyxor Index Lagged Returns
When evaluating Lyxor Index's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lyxor Index etf have on its future price. Lyxor Index 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 Index autocorrelation shows the relationship between Lyxor Index etf current value and its past values and can show if there is a momentum factor associated with investing in Lyxor Index Fund.
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 Index 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 Index security.