Amundi Label (Germany) Market Value
| 0P0000GHOY | 167.74 0.67 0.40% |
| Symbol | Amundi |
Amundi Label 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Amundi Label's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Amundi Label.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Amundi Label on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Amundi Label Equilibre or generate 0.0% return on investment in Amundi Label over 30 days.
Amundi Label Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Amundi Label's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Amundi Label Equilibre upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 1.69 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.5522 |
Amundi Label Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amundi Label's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amundi Label's standard deviation. In reality, there are many statistical measures that can use Amundi Label historical prices to predict the future Amundi Label's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.11) |
Amundi Label Equilibre Backtested Returns
Amundi Label Equilibre secures Sharpe Ratio (or Efficiency) of -0.0228, which signifies that the fund had a -0.0228% return per unit of risk over the last 3 months. Amundi Label Equilibre exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amundi Label's Mean Deviation of 0.2981, risk adjusted performance of (0.03), and Standard Deviation of 0.3751 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Amundi Label's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amundi Label is expected to be smaller as well.
Auto-correlation | -0.23 |
Weak reverse predictability
Amundi Label Equilibre has weak reverse predictability. Overlapping area represents the amount of predictability between Amundi Label time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Amundi Label Equilibre price movement. The serial correlation of -0.23 indicates that over 23.0% of current Amundi Label price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Amundi Label Equilibre lagged returns against current returns
Autocorrelation, which is Amundi Label fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Amundi Label's fund expected returns. We can calculate the autocorrelation of Amundi Label returns to help us make a trade decision. For example, suppose you find that Amundi Label has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Amundi Label regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Amundi Label fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amundi Label fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amundi Label fund over time.
Current vs Lagged Prices |
| Timeline |
Amundi Label Lagged Returns
When evaluating Amundi Label's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amundi Label fund have on its future price. Amundi Label autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Amundi Label autocorrelation shows the relationship between Amundi Label fund current value and its past values and can show if there is a momentum factor associated with investing in Amundi Label Equilibre.
Regressed Prices |
| Timeline |
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