Amplify ETF Financial Statements From 2010 to 2024
| THNR Etf | 23.37 0.22 0.95% |
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.
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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.
Amplify ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange.
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
| 0.97 | XLV | Health Care Select | PairCorr |
| 0.96 | VHT | Vanguard Health Care | PairCorr |
| 0.77 | IBB | iShares Biotechnology ETF | PairCorr |
Moving against Amplify Etf
| 0.92 | RSPY | Tuttle Capital Management | PairCorr |
| 0.92 | MEME | Roundhill Investments | PairCorr |
| 0.88 | DSJA | DSJA | PairCorr |
| 0.62 | IHI | iShares Medical Devices | PairCorr |
| 0.43 | ITDD | iShares Trust | PairCorr |
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.