Amplify Small Mid Cap Etf Net Income
| SMAP Etf | USD 25.25 0.01 0.04% |
Amplify Small's fundamental analysis aims to assess its intrinsic value by examining key economic and financial indicators - such as cash flow records, changes in balance sheet accounts, income statement trends, financial ratios, and relevant microeconomic factors affecting Amplify Etf price.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Amplify Small Mid Cap ETF Net Income Analysis
Amplify Small's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Amplify Small Net Income | 36.86 K |
Most of Amplify Small's fundamental indicators, such as Net Income, 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 Small Mid Cap is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, Amplify Small Mid Cap reported net income of 36.86 K. This is much higher than that of the Capital Markets family and significantly higher than that of the Small Blend category. The net income for all United States etfs is notably lower than that of the firm.
Amplify Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Amplify Small's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Amplify Small could also be used in its relative valuation, which is a method of valuing Amplify Small by comparing valuation metrics of similar companies.Amplify Small is currently under evaluation in net income as compared to similar ETFs.
Amplify Fundamentals
| Return On Equity | 0.0543 | |||
| Return On Asset | -0.0179 | |||
| Current Valuation | 36.31 M | |||
| Shares Outstanding | 5.18 M | |||
| Shares Owned By Insiders | 52.25 % | |||
| Shares Owned By Institutions | 29.90 % | |||
| Number Of Shares Shorted | 2.32 K | |||
| Price To Book | 2.38 X | |||
| EBITDA | (1.39 M) | |||
| Net Income | 36.86 K | |||
| Cash And Equivalents | 534.39 K | |||
| Cash Per Share | 0.04 X | |||
| Total Debt | 267.73 K | |||
| Current Ratio | 6.57 X | |||
| Book Value Per Share | (0.51) X | |||
| Cash Flow From Operations | (1.02 M) | |||
| Short Ratio | 0.65 X | |||
| Earnings Per Share | (0.11) X | |||
| Market Capitalization | 35.36 M | |||
| Total Asset | 119.13 M | |||
| Retained Earnings | (377.09 K) | |||
| Working Capital | (95.79 K) | |||
| One Year Return | 3.90 % | |||
| Net Asset | 119.13 M |
About Amplify Small Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Amplify Small Mid Cap's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Amplify Small using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Amplify Small Mid Cap based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Amplify Small
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 Small 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 Small will appreciate offsetting losses from the drop in the long position's value.Moving together with Amplify Etf
The ability to find closely correlated positions to Amplify Small 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 Small 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 Small - 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 Small Mid Cap to buy it.
The correlation of Amplify Small 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 Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify Small Mid 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 Small 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 Amplify Small Piotroski F Score and Amplify Small Altman Z Score analysis. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
The market value of Amplify Small Mid 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 Small's value that differs from its market value or its book value, called intrinsic value, which is Amplify Small'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 Small's market value can be influenced by many factors that don't directly affect Amplify Small'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 Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify Small'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.