Lyxor Euro's market value is the price at which a share of Lyxor Euro trades on a public exchange. It measures the collective expectations of Lyxor Euro Government investors about its performance. Lyxor Euro is selling for under 7.23 as of the 14th of December 2024; that is 0.55 percent decrease since the beginning of the trading day. The etf's lowest day price was 7.23. With this module, you can estimate the performance of a buy and hold strategy of Lyxor Euro Government and determine expected loss or profit from investing in Lyxor Euro over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Lyxor
Lyxor Euro '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 Euro'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 Euro.
0.00
06/17/2024
No Change 0.00
0.0
In 5 months and 30 days
12/14/2024
0.00
If you would invest 0.00 in Lyxor Euro on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Lyxor Euro Government or generate 0.0% return on investment in Lyxor Euro over 180 days.
Lyxor Euro 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 Euro'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 Euro Government 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 Lyxor Euro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lyxor Euro's standard deviation. In reality, there are many statistical measures that can use Lyxor Euro historical prices to predict the future Lyxor Euro's volatility.
At this stage we consider Lyxor Etf to be very steady. Lyxor Euro Government has Sharpe Ratio of 0.0069, which conveys that the entity had a 0.0069% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Lyxor Euro, which you can use to evaluate the volatility of the etf. Please verify Lyxor Euro's Mean Deviation of 0.3464, risk adjusted performance of 0.0057, and Downside Deviation of 0.5056 to check out if the risk estimate we provide is consistent with the expected return of 0.0032%. The etf secures a Beta (Market Risk) of -0.0665, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lyxor Euro are expected to decrease at a much lower rate. During the bear market, Lyxor Euro is likely to outperform the market.
Auto-correlation
-0.26
Weak reverse predictability
Lyxor Euro Government has weak reverse predictability. Overlapping area represents the amount of predictability between Lyxor Euro time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Euro Government price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Lyxor Euro price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.26
Spearman Rank Test
0.02
Residual Average
0.0
Price Variance
0.01
Lyxor Euro Government lagged returns against current returns
Autocorrelation, which is Lyxor Euro 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 Euro's etf expected returns. We can calculate the autocorrelation of Lyxor Euro returns to help us make a trade decision. For example, suppose you find that Lyxor Euro 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 Euro 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 Euro etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lyxor Euro etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lyxor Euro etf over time.
Current vs Lagged Prices
Timeline
Lyxor Euro Lagged Returns
When evaluating Lyxor Euro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lyxor Euro etf have on its future price. Lyxor Euro 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 Euro autocorrelation shows the relationship between Lyxor Euro etf current value and its past values and can show if there is a momentum factor associated with investing in Lyxor Euro Government.
Regressed Prices
Timeline
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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.