Amplify Etf Price on July 30, 2024
If you're considering investing in Amplify Etf, it is important to understand the factors that can impact its price. Amplify secures Sharpe Ratio (or Efficiency) of -0.36, which signifies that the etf had a -0.36% return per unit of risk over the last 3 months. Amplify exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amplify's Downside Deviation of 1.41, mean deviation of 0.9487, and Risk Adjusted Performance of 0.0137 to double-check the risk estimate we provide.
Amplify Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Amplify |
Sharpe Ratio = -0.3575
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Estimated Market Risk
| 35.31 actual daily | 96 96% of assets are less volatile |
Expected Return
| -12.62 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.36 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Amplify is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Amplify by adding Amplify to a well-diversified portfolio.
Amplify Valuation on July 30, 2024
It is possible to determine the worth of Amplify on a given historical date. On July 30, 2024 Amplify was worth 28.3 at the beginning of the trading date compared to the closed value of 28.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Amplify etf. Still, in general, we apply an absolute valuation method to find Amplify's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Amplify where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Amplify's related companies.
| Open | High | Low | Close | Volume | |
| 28.29 | 28.29 | 28.27 | 28.27 | 310.00 | |
07/30/2024 | 28.30 | 28.30 | 28.30 | 28.30 | 1,018 |
| 28.30 | 28.68 | 28.30 | 28.64 | 1,435 |
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Amplify Trading Date Momentum on July 30, 2024
| On July 31 2024 Amplify was traded for 28.64 at the closing time. The top price for the day was 28.68 and the lowest listed price was 28.30 . The trading volume for the day was 1.4 K. The trading history from July 31, 2024 was a factor to the next trading day price boost. The trading delta at closing time against the next closing price was 1.20% . The overall trading delta against the current closing price is 6.78% . |
Amplify Fundamentals Correlations and Trends
By evaluating Amplify's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Amplify's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Amplify financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Amplify Etf history
Amplify investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Amplify is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Amplify will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Amplify stock prices may prove useful in developing a viable investing in Amplify
The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing up to 80 percent of its net assets in portfolio holdings expected to benefit, either directly or indirectly, from rising prices . Amplify ETF is traded on NYSEARCA Exchange in the United States.
Amplify Etf Technical Analysis
Amplify technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Amplify Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
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Amplify November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Amplify etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Amplify shares will generate the highest return on investment. By undertsting and applying Amplify etf market strength indicators, traders can identify Amplify entry and exit signals to maximize returns
Amplify Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Amplify's price direction in advance. Along with the technical and fundamental analysis of Amplify Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Amplify to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0137 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0464 |
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Check out Risk vs Return Analysis 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 gross domestic product. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Amplify 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's value that differs from its market value or its book value, called intrinsic value, which is Amplify'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's market value can be influenced by many factors that don't directly affect Amplify'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify'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.