Amundi Stoxx (France) Market Value
| C5E Etf | EUR 115.72 0.88 0.77% |
| Symbol | Amundi |
Amundi Stoxx '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 Stoxx'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 Amundi Stoxx.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Amundi Stoxx on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Amundi Stoxx Europe or generate 0.0% return on investment in Amundi Stoxx over 30 days. Amundi Stoxx is related to or competes with Manitou BF, Ossiam Minimum, Ekinops SA, Orapi SA, and Memscap Regpt. The investment seeks to track the price and yield performance, before fee and expenses of the Dow Jones STOXX 50 index More
Amundi Stoxx 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 Stoxx'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 Amundi Stoxx Europe upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 3.5 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.15 |
Amundi Stoxx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amundi Stoxx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amundi Stoxx's standard deviation. In reality, there are many statistical measures that can use Amundi Stoxx historical prices to predict the future Amundi Stoxx's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (3.68) |
Amundi Stoxx Europe Backtested Returns
Amundi Stoxx Europe secures Sharpe Ratio (or Efficiency) of -0.0912, which signifies that the etf had a -0.0912% return per unit of risk over the last 3 months. Amundi Stoxx Europe exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amundi Stoxx's Risk Adjusted Performance of (0.07), standard deviation of 0.7772, and Mean Deviation of 0.6278 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.0213, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Amundi Stoxx's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amundi Stoxx is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
Amundi Stoxx Europe has poor reverse predictability. Overlapping area represents the amount of predictability between Amundi Stoxx 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 Stoxx Europe price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Amundi Stoxx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Amundi Stoxx Europe lagged returns against current returns
Autocorrelation, which is Amundi Stoxx etf'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 Stoxx's etf expected returns. We can calculate the autocorrelation of Amundi Stoxx returns to help us make a trade decision. For example, suppose you find that Amundi Stoxx has exhibited high autocorrelation historically, and you observe that the etf 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 Stoxx 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 Stoxx etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amundi Stoxx etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amundi Stoxx etf over time.
Current vs Lagged Prices |
| Timeline |
Amundi Stoxx Lagged Returns
When evaluating Amundi Stoxx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amundi Stoxx etf have on its future price. Amundi Stoxx 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 Stoxx autocorrelation shows the relationship between Amundi Stoxx etf current value and its past values and can show if there is a momentum factor associated with investing in Amundi Stoxx Europe.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Amundi Etf
Amundi Stoxx financial ratios help investors to determine whether Amundi Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Amundi with respect to the benefits of owning Amundi Stoxx security.