Lyxor CAC (France) Market Value
| CACC Etf | EUR 35.01 0.19 0.55% |
| Symbol | Lyxor |
Lyxor CAC '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 CAC'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 CAC.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Lyxor CAC on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Lyxor CAC 40 or generate 0.0% return on investment in Lyxor CAC over 30 days. Lyxor CAC is related to or competes with Amundi Index, Manitou BF, Ekinops SA, Orapi SA, Memscap Regpt, and Malteries Franco. The Lyxor CAC 40 UCITS ETF is a UCITS compliant exchange traded fund that aims to track the benchmark index CAC 40 Total... More
Lyxor CAC 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 CAC'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 CAC 40 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.07 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.31 |
Lyxor CAC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lyxor CAC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lyxor CAC's standard deviation. In reality, there are many statistical measures that can use Lyxor CAC historical prices to predict the future Lyxor CAC's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 1.67 |
Lyxor CAC 40 Backtested Returns
Lyxor CAC 40 has Sharpe Ratio of -0.0353, which conveys that the entity had a -0.0353% return per unit of risk over the last 3 months. Lyxor CAC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lyxor CAC's Risk Adjusted Performance of (0.05), standard deviation of 0.9069, and Mean Deviation of 0.7023 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -0.0418, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lyxor CAC are expected to decrease at a much lower rate. During the bear market, Lyxor CAC is likely to outperform the market.
Auto-correlation | -0.01 |
Very weak reverse predictability
Lyxor CAC 40 has very weak reverse predictability. Overlapping area represents the amount of predictability between Lyxor CAC time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 CAC 40 price movement. The serial correlation of -0.01 indicates that just 1.0% of current Lyxor CAC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Lyxor CAC 40 lagged returns against current returns
Autocorrelation, which is Lyxor CAC 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 CAC's etf expected returns. We can calculate the autocorrelation of Lyxor CAC returns to help us make a trade decision. For example, suppose you find that Lyxor CAC 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 CAC 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 CAC etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lyxor CAC etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lyxor CAC etf over time.
Current vs Lagged Prices |
| Timeline |
Lyxor CAC Lagged Returns
When evaluating Lyxor CAC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lyxor CAC etf have on its future price. Lyxor CAC 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 CAC autocorrelation shows the relationship between Lyxor CAC etf current value and its past values and can show if there is a momentum factor associated with investing in Lyxor CAC 40.
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 CAC 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 CAC security.