Amplify Etf Trust Etf Market Value
| MJUS Etf | USD 0.99 0.03 2.94% |
| Symbol | Amplify |
The market value of Amplify ETF Trust 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 ETF's value that differs from its market value or its book value, called intrinsic value, which is Amplify ETF'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 ETF's market value can be influenced by many factors that don't directly affect Amplify ETF'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 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify ETF'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 ETF '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 ETF'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 ETF.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Amplify ETF on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Amplify ETF Trust or generate 0.0% return on investment in Amplify ETF over 30 days. Amplify ETF is related to or competes with IShares Exponential, Invesco Solar, First Trust, Global X, Amplify ETF, AdvisorShares Pure, and Amplify ETF. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its ... More
Amplify ETF 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 ETF'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 ETF Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 38.31 | |||
| Value At Risk | (5.31) | |||
| Potential Upside | 5.71 |
Amplify ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amplify ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amplify ETF's standard deviation. In reality, there are many statistical measures that can use Amplify ETF historical prices to predict the future Amplify ETF's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | 0.1876 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amplify ETF'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 ETF Trust Backtested Returns
Amplify ETF Trust secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the etf had a -0.1% return per unit of risk over the last 3 months. Amplify ETF Trust exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amplify ETF's Risk Adjusted Performance of (0.06), standard deviation of 5.32, and Mean Deviation of 3.0 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -2.62, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Amplify ETF are expected to decrease by larger amounts. On the other hand, during market turmoil, Amplify ETF is expected to outperform it.
Auto-correlation | 0.20 |
Weak predictability
Amplify ETF Trust has weak predictability. Overlapping area represents the amount of predictability between Amplify ETF time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 ETF Trust price movement. The serial correlation of 0.2 indicates that over 20.0% of current Amplify ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Amplify ETF Trust lagged returns against current returns
Autocorrelation, which is Amplify ETF 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 ETF's etf expected returns. We can calculate the autocorrelation of Amplify ETF returns to help us make a trade decision. For example, suppose you find that Amplify ETF 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 ETF 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 ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amplify ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amplify ETF etf over time.
Current vs Lagged Prices |
| Timeline |
Amplify ETF Lagged Returns
When evaluating Amplify ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amplify ETF etf have on its future price. Amplify ETF 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 ETF autocorrelation shows the relationship between Amplify ETF etf current value and its past values and can show if there is a momentum factor associated with investing in Amplify ETF Trust.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Amplify ETF Correlation, Amplify ETF Volatility and Amplify ETF Alpha and Beta module to complement your research on Amplify ETF. For more information on how to buy Amplify Etf please use our How to Invest in Amplify ETF guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Amplify ETF 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.