Amplify International Enhanced Etf Market Value
| IDVO Etf | USD 30.81 0.22 0.72% |
| Symbol | Amplify |
The market value of Amplify International 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 International's value that differs from its market value or its book value, called intrinsic value, which is Amplify International'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 International's market value can be influenced by many factors that don't directly affect Amplify International'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 International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify International'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 International '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 International'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 International.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Amplify International on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Amplify International Enhanced or generate 0.0% return on investment in Amplify International over 360 days. Amplify International is related to or competes with Amplify ETF, Amplify CWP, Schwab International, IShares Trust, and IShares Trust. Under normal circumstances, the fund invests at least 80 percent of its net assets in dividend-paying U.S More
Amplify International 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 International'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 International Enhanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8142 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 2.99 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.23 |
Amplify International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amplify International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amplify International's standard deviation. In reality, there are many statistical measures that can use Amplify International historical prices to predict the future Amplify International's volatility.| Risk Adjusted Performance | 0.0418 | |||
| Jensen Alpha | 0.0346 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | (1.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amplify International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Amplify International Backtested Returns
As of now, Amplify Etf is very steady. Amplify International secures Sharpe Ratio (or Efficiency) of 0.0758, which signifies that the etf had a 0.0758% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Amplify International Enhanced, which you can use to evaluate the volatility of the entity. Please confirm Amplify International's Downside Deviation of 0.8142, risk adjusted performance of 0.0418, and Mean Deviation of 0.5897 to double-check if the risk estimate we provide is consistent with the expected return of 0.0544%. The etf shows a Beta (market volatility) of -0.0301, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Amplify International are expected to decrease at a much lower rate. During the bear market, Amplify International is likely to outperform the market.
Auto-correlation | 0.42 |
Average predictability
Amplify International Enhanced has average predictability. Overlapping area represents the amount of predictability between Amplify International time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 International price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Amplify International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Amplify International lagged returns against current returns
Autocorrelation, which is Amplify International 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 International's etf expected returns. We can calculate the autocorrelation of Amplify International returns to help us make a trade decision. For example, suppose you find that Amplify International 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 International 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 International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amplify International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amplify International etf over time.
Current vs Lagged Prices |
| Timeline |
Amplify International Lagged Returns
When evaluating Amplify International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amplify International etf have on its future price. Amplify International 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 International autocorrelation shows the relationship between Amplify International etf current value and its past values and can show if there is a momentum factor associated with investing in Amplify International Enhanced.
Regressed Prices |
| Timeline |
Pair Trading with Amplify International
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 International 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 International will appreciate offsetting losses from the drop in the long position's value.Moving against Amplify Etf
| 0.6 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to Amplify International 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 International 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 International - 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 International Enhanced to buy it.
The correlation of Amplify International 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 International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify International 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 International 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 International Correlation, Amplify International Volatility and Amplify International Alpha and Beta module to complement your research on Amplify International. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Amplify International 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.