Amplify Etf Trust Etf Price on January 31, 2024
| MJUS Etf | USD 1.01 0.01 1.00% |
If you're considering investing in Amplify Etf, it is important to understand the factors that can impact its price. As of today, the current price of Amplify ETF stands at 1.01, as last reported on the 28th of November, with the highest price reaching 1.01 and the lowest price hitting 0.99 during the day. Amplify ETF Trust secures Sharpe Ratio (or Efficiency) of -0.0635, which signifies that the etf had a -0.0635% return per unit of risk over the last 3 months. Amplify ETF Trust exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amplify ETF's Risk Adjusted Performance of (0.04), standard deviation of 5.13, and Mean Deviation of 2.86 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 = -0.0635
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| Negative Returns | MJUS |
Estimated Market Risk
| 5.21 actual daily | 46 54% of assets are more volatile |
Expected Return
| -0.33 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Amplify ETF 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 ETF by adding Amplify ETF to a well-diversified portfolio.
Average Mkt Cap Mil 802.17451 |
Amplify ETF Valuation on January 31, 2024
It is possible to determine the worth of Amplify ETF on a given historical date. On January 31, 2024 Amplify was worth 2.07 at the beginning of the trading date compared to the closed value of 2.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Amplify ETF etf. Still, in general, we apply an absolute valuation method to find Amplify ETF'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 ETF where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Amplify ETF's related companies.
| Open | High | Low | Close | Volume | |
| 2.08 | 2.12 | 2.03 | 2.11 | 44,100 | |
01/31/2024 | 2.07 | 2.11 | 2.03 | 2.06 | 33,800 |
| 2.03 | 2.25 | 2.03 | 2.25 | 49,000 |
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Amplify ETF Trading Date Momentum on January 31, 2024
| On February 01 2024 Amplify ETF Trust was traded for 2.25 at the closing time. The top price for the day was 2.25 and the lowest listed price was 2.03 . The trading volume for the day was 49 K. The trading history from February 1, 2024 was a factor to the next trading day price appreciation. The trading delta at closing time against the next closing price was 9.22% . The overall trading delta against the current closing price is 3.40% . |
Amplify ETF Trust Fundamentals Correlations and Trends
By evaluating Amplify ETF'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 ETF'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 Etf history
Amplify ETF 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 ETF Trust 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 ETF stock prices may prove useful in developing a viable investing in Amplify ETF
The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its net assets in securities of companies that derive at least 50 percent of their net revenue from the Cannabis Business in the United States, and in derivatives that have economic characteristics similar to such securities. Etfmg US is traded on NYSEARCA Exchange in the United States.
Amplify ETF Etf Technical Analysis
Amplify ETF 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 ETF Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Amplify ETF Trust cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Amplify ETF November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Amplify ETF 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 ETF shares will generate the highest return on investment. By undertsting and applying Amplify ETF etf market strength indicators, traders can identify Amplify ETF Trust entry and exit signals to maximize returns
Amplify ETF Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Amplify ETF'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 | (0.04) | |||
| Jensen Alpha | 0.0027 | |||
| Total Risk Alpha | (1.08) | |||
| Treynor Ratio | 0.1144 |
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Check out Correlation 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 employment. For more information on how to buy Amplify Etf please use our How to Invest in Amplify ETF guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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.