LYXOR DAILY (Germany) Market Value
| LYQL Etf | EUR 0.86 0.01 1.15% |
| Symbol | LYXOR |
LYXOR DAILY '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 DAILY'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 DAILY.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in LYXOR DAILY on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding LYXOR DAILY SHORTDAX or generate 0.0% return on investment in LYXOR DAILY over 210 days. The Lyxor Daily ShortDAX x2 UCITS ETF is a UCITS compliant exchange traded fund that aims to track the benchmark index S... More
LYXOR DAILY 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 DAILY'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 DAILY SHORTDAX upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.78 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 3.23 |
LYXOR DAILY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LYXOR DAILY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LYXOR DAILY's standard deviation. In reality, there are many statistical measures that can use LYXOR DAILY historical prices to predict the future LYXOR DAILY's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0803 | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.0483 |
LYXOR DAILY SHORTDAX Backtested Returns
LYXOR DAILY SHORTDAX has Sharpe Ratio of -0.046, which conveys that the entity had a -0.046% return per unit of standard deviation over the last 3 months. LYXOR DAILY exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LYXOR DAILY's Risk Adjusted Performance of (0.01), mean deviation of 1.29, and Market Risk Adjusted Performance of 0.0583 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -1.01, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning LYXOR DAILY are expected to decrease slowly. On the other hand, during market turmoil, LYXOR DAILY is expected to outperform it slightly.
Auto-correlation | -0.42 |
Modest reverse predictability
LYXOR DAILY SHORTDAX has modest reverse predictability. Overlapping area represents the amount of predictability between LYXOR DAILY time series from 6th of May 2024 to 19th of August 2024 and 19th of August 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 DAILY SHORTDAX price movement. The serial correlation of -0.42 indicates that just about 42.0% of current LYXOR DAILY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
LYXOR DAILY SHORTDAX lagged returns against current returns
Autocorrelation, which is LYXOR DAILY 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 DAILY's etf expected returns. We can calculate the autocorrelation of LYXOR DAILY returns to help us make a trade decision. For example, suppose you find that LYXOR DAILY 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 DAILY 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 DAILY etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LYXOR DAILY etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LYXOR DAILY etf over time.
Current vs Lagged Prices |
| Timeline |
LYXOR DAILY Lagged Returns
When evaluating LYXOR DAILY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LYXOR DAILY etf have on its future price. LYXOR DAILY 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 DAILY autocorrelation shows the relationship between LYXOR DAILY etf current value and its past values and can show if there is a momentum factor associated with investing in LYXOR DAILY SHORTDAX.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in LYXOR Etf
LYXOR DAILY 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 DAILY security.