Amplify Seymour Cannabis Etf Market Value
| CNBS Etf | USD 3.27 0.01 0.30% |
| Symbol | Amplify |
The market value of Amplify Seymour Cannabis 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 Seymour's value that differs from its market value or its book value, called intrinsic value, which is Amplify Seymour'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 Seymour's market value can be influenced by many factors that don't directly affect Amplify Seymour'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 Seymour's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify Seymour is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify Seymour'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.
Amplify Seymour '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 Amplify Seymour'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 Amplify Seymour.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in Amplify Seymour on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding Amplify Seymour Cannabis or generate 0.0% return on investment in Amplify Seymour over 600 days. Amplify Seymour is related to or competes with SPDR Kensho, Global X, IShares Genomics, Morningstar Unconstrained, High-yield Municipal, Thrivent High, and Via Renewables. The fund will invest at least 80 percent of its net assets in the securities of companies that derive 50 percent or more... More
Amplify Seymour 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 Amplify Seymour'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 Amplify Seymour Cannabis upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 30.29 | |||
| Value At Risk | (5.32) | |||
| Potential Upside | 5.47 |
Amplify Seymour Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amplify Seymour's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amplify Seymour's standard deviation. In reality, there are many statistical measures that can use Amplify Seymour historical prices to predict the future Amplify Seymour's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | 0.2453 |
Amplify Seymour Cannabis Backtested Returns
Amplify Seymour Cannabis secures Sharpe Ratio (or Efficiency) of -0.0981, which signifies that the etf had a -0.0981% return per unit of risk over the last 3 months. Amplify Seymour Cannabis exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amplify Seymour's Standard Deviation of 4.03, risk adjusted performance of (0.07), and Mean Deviation of 2.28 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -1.71, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Amplify Seymour are expected to decrease by larger amounts. On the other hand, during market turmoil, Amplify Seymour is expected to outperform it.
Auto-correlation | -0.44 |
Modest reverse predictability
Amplify Seymour Cannabis has modest reverse predictability. Overlapping area represents the amount of predictability between Amplify Seymour time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd 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 Amplify Seymour Cannabis price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Amplify Seymour price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Amplify Seymour Cannabis lagged returns against current returns
Autocorrelation, which is Amplify Seymour 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 Amplify Seymour's etf expected returns. We can calculate the autocorrelation of Amplify Seymour returns to help us make a trade decision. For example, suppose you find that Amplify Seymour 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 |
Amplify Seymour 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 Amplify Seymour etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amplify Seymour etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amplify Seymour etf over time.
Current vs Lagged Prices |
| Timeline |
Amplify Seymour Lagged Returns
When evaluating Amplify Seymour's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amplify Seymour etf have on its future price. Amplify Seymour 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, Amplify Seymour autocorrelation shows the relationship between Amplify Seymour etf current value and its past values and can show if there is a momentum factor associated with investing in Amplify Seymour Cannabis.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Amplify Seymour Correlation, Amplify Seymour Volatility and Amplify Seymour Alpha and Beta module to complement your research on Amplify Seymour. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Amplify Seymour 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.