Amplify ETF Financial Statements From 2010 to 2024
| ITEQ Etf | USD 52.21 0.42 0.80% |
Check Amplify ETF financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Amplify ETF's main balance sheet or income statement drivers, such as , as well as many indicators such as . Amplify financial statements analysis is a perfect complement when working with Amplify ETF Valuation or Volatility modules.
Amplify |
Amplify ETF Trust ETF Price To Sales Analysis
Amplify ETF's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current Amplify ETF Price To Sales | 2.68 X |
Most of Amplify ETF's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Amplify ETF Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
Based on the latest financial disclosure, Amplify ETF Trust has a Price To Sales of 2.68 times. This is much higher than that of the ETFMG family and significantly higher than that of the Technology category. The price to sales for all United States etfs is notably lower than that of the firm.
Amplify ETF Trust Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Amplify ETF's current stock value. Our valuation model uses many indicators to compare Amplify ETF value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Amplify ETF competition to find correlations between indicators driving Amplify ETF's intrinsic value. More Info.Amplify ETF Trust is rated second overall ETF in price to earning as compared to similar ETFs. It also is rated second overall ETF in price to book as compared to similar ETFs fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Amplify ETF Trust is roughly 9.46 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Amplify ETF by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About Amplify ETF Financial Statements
Amplify ETF shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Amplify ETF investors may analyze each financial statement separately, they are all interrelated. The changes in Amplify ETF's assets and liabilities, for example, are also reflected in the revenues and expenses on on Amplify ETF's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The index tracks the performance of exchange-listed Israeli technology operating companies. Bluestar Israel is traded on NYSEARCA Exchange in the United States.
Pair Trading with Amplify ETF
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Amplify ETF position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amplify ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with Amplify Etf
| 0.92 | VGT | Vanguard Information | PairCorr |
| 0.86 | XLK | Technology Select Sector | PairCorr |
| 0.9 | IYW | iShares Technology ETF | PairCorr |
| 0.62 | SMH | VanEck Semiconductor ETF | PairCorr |
Moving against Amplify Etf
The ability to find closely correlated positions to Amplify ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amplify ETF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amplify ETF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amplify ETF Trust to buy it.
The correlation of Amplify ETF is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify ETF Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Amplify ETF can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Amplify ETF Correlation against competitors. To learn how to invest in Amplify Etf, please use our How to Invest in Amplify ETF guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of Amplify ETF Trust is measured differently than its book value, which is the value of Amplify that is recorded on the company's balance sheet. Investors also form their own opinion of Amplify ETF's value that differs from its market value or its book value, called intrinsic value, which is Amplify ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Amplify ETF's market value can be influenced by many factors that don't directly affect Amplify ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Amplify ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify ETF's 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.