Multi Units' market value is the price at which a share of Multi Units trades on a public exchange. It measures the collective expectations of Multi Units Luxembourg investors about its performance. Multi Units is trading at 10.90 as of the 1st of January 2025, a No Change since the beginning of the trading day. The etf's open price was 10.9. With this module, you can estimate the performance of a buy and hold strategy of Multi Units Luxembourg and determine expected loss or profit from investing in Multi Units over a given investment horizon. Check out Multi Units Correlation, Multi Units Volatility and Multi Units Alpha and Beta module to complement your research on Multi Units.
Please note, there is a significant difference between Multi Units' value and its price as these two are different measures arrived at by different means. Investors typically determine if Multi Units is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Multi Units' 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.
Multi Units '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 Multi Units' 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 Multi Units.
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01/12/2023
No Change 0.00
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In 1 year 11 months and 21 days
01/01/2025
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If you would invest 0.00 in Multi Units on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Multi Units Luxembourg or generate 0.0% return on investment in Multi Units over 720 days. Multi Units is related to or competes with Lyxor UCITS, Lyxor UCITS, Lyxor UCITS, Amundi CAC, Gold Bullion, Lyxor CAC, and SSgA SPDR. The investment objective of MULTI UNITS LUXEMBOURG - Lyxor Core Morningstar US UCITS ETF is to track both the upward and... More
Multi Units 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 Multi Units' 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 Multi Units Luxembourg upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multi Units' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multi Units' standard deviation. In reality, there are many statistical measures that can use Multi Units historical prices to predict the future Multi Units' volatility.
At this point, Multi Units is very steady. Multi Units Luxembourg has Sharpe Ratio of 0.0014, which conveys that the entity had a 0.0014% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Multi Units, which you can use to evaluate the volatility of the etf. Please verify Multi Units' Mean Deviation of 0.048, risk adjusted performance of (0.02), and Standard Deviation of 0.2758 to check out if the risk estimate we provide is consistent with the expected return of 4.0E-4%. The etf secures a Beta (Market Risk) of -0.0022, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Multi Units are expected to decrease at a much lower rate. During the bear market, Multi Units is likely to outperform the market.
Auto-correlation
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No correlation between past and present
Multi Units Luxembourg has no correlation between past and present. Overlapping area represents the amount of predictability between Multi Units time series from 12th of January 2023 to 7th of January 2024 and 7th of January 2024 to 1st 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 Multi Units Luxembourg price movement. The serial correlation of 0.0 indicates that just 0.0% of current Multi Units price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
0.98
Residual Average
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Price Variance
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Multi Units Luxembourg lagged returns against current returns
Autocorrelation, which is Multi Units 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 Multi Units' etf expected returns. We can calculate the autocorrelation of Multi Units returns to help us make a trade decision. For example, suppose you find that Multi Units 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
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Multi Units 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 Multi Units etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multi Units etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multi Units etf over time.
Current vs Lagged Prices
Timeline
Multi Units Lagged Returns
When evaluating Multi Units' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multi Units etf have on its future price. Multi Units 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, Multi Units autocorrelation shows the relationship between Multi Units etf current value and its past values and can show if there is a momentum factor associated with investing in Multi Units Luxembourg.
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.
Multi Units financial ratios help investors to determine whether Multi 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 Multi with respect to the benefits of owning Multi Units security.