SavvyLong AMZN's market value is the price at which a share of SavvyLong AMZN trades on a public exchange. It measures the collective expectations of SavvyLong AMZN ETF investors about its performance. SavvyLong AMZN is selling at 24.13 as of the 31st of January 2026; that is 1.51 percent decrease since the beginning of the trading day. The etf's open price was 24.5. With this module, you can estimate the performance of a buy and hold strategy of SavvyLong AMZN ETF and determine expected loss or profit from investing in SavvyLong AMZN over a given investment horizon. Check out Trending Equities 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 employment.
Symbol
SavvyLong
SavvyLong AMZN '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 SavvyLong AMZN's etf 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 SavvyLong AMZN.
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11/02/2025
No Change 0.00
0.0
In 3 months and 1 day
01/31/2026
0.00
If you would invest 0.00 in SavvyLong AMZN on November 2, 2025 and sell it all today you would earn a total of 0.00 from holding SavvyLong AMZN ETF or generate 0.0% return on investment in SavvyLong AMZN over 90 days.
SavvyLong AMZN 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 SavvyLong AMZN's etf 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 SavvyLong AMZN ETF upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for SavvyLong AMZN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SavvyLong AMZN's standard deviation. In reality, there are many statistical measures that can use SavvyLong AMZN historical prices to predict the future SavvyLong AMZN's volatility.
SavvyLong AMZN ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0862, which indicates the etf had a -0.0862 % return per unit of risk over the last 3 months. SavvyLong AMZN ETF exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SavvyLong AMZN's Coefficient Of Variation of (1,160), variance of 9.7, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of 1.17, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SavvyLong AMZN will likely underperform.
Auto-correlation
-0.76
Almost perfect reverse predictability
SavvyLong AMZN ETF has almost perfect reverse predictability. Overlapping area represents the amount of predictability between SavvyLong AMZN time series from 2nd of November 2025 to 17th of December 2025 and 17th of December 2025 to 31st of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SavvyLong AMZN ETF price movement. The serial correlation of -0.76 indicates that around 76.0% of current SavvyLong AMZN price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.76
Spearman Rank Test
-0.17
Residual Average
0.0
Price Variance
1.67
Pair Trading with SavvyLong AMZN
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 SavvyLong AMZN 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 SavvyLong AMZN will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to SavvyLong AMZN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SavvyLong AMZN 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 SavvyLong AMZN - 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 SavvyLong AMZN ETF to buy it.
The correlation of SavvyLong AMZN 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 SavvyLong AMZN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SavvyLong AMZN ETF 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 SavvyLong AMZN 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.