Amplify ETF Financials
| HACK Etf | USD 73.60 0.35 0.48% |
Net Expense Ratio 0.006 | 3 y Sharp Ratio 0.07 |
Amplify |
The data published in Amplify ETF's official financial statements typically reflect Amplify ETF's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Amplify ETF's quantitative information. For example, before you start analyzing numbers published by Amplify accountants, it's essential to understand Amplify ETF's liquidity, profitability, and earnings quality within the context of the ETFMG space in which it operates.
Amplify ETF Etf Summary
Amplify ETF competes with First Trust, Global X, First Trust, Robo Global, and CyberArk Software. The index tracks the performance of the exchange-listed equity securities of companies across the globe that engage in providing cyber defense applications or services as a vital component of its overall business or provide hardware or software for cyber defense activities as a vital component of its overall business. Etfmg Prime is traded on NYSEARCA Exchange in the United States.Amplify ETF Key Financial Ratios
Amplify Financial Ratios 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 one of the top ETFs in price to earning as compared to similar ETFs. It also is one of the top ETFs 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 9.12 . 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.Amplify ETF Trust Systematic Risk
Amplify ETF's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Amplify ETF volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Amplify ETF Trust correlated with the market. If Beta is less than 0 Amplify ETF generally moves in the opposite direction as compared to the market. If Amplify ETF Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Amplify ETF Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Amplify ETF is generally in the same direction as the market. If Beta > 1 Amplify ETF moves generally in the same direction as, but more than the movement of the benchmark.
Amplify ETF Thematic Clasifications
Amplify ETF Trust is part of several thematic ideas from Theme ETFs to Strategy ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasAmplify ETF November 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Amplify ETF help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Amplify ETF Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of Amplify ETF Trust based on widely used predictive technical indicators. In general, we focus on analyzing Amplify Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Amplify ETF's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.018 | |||
| Maximum Drawdown | 6.79 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 1.74 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Amplify ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Amplify Etf please use our How to buy in Amplify Etf guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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.