Amundi Nasdaq (France) Market Value
| NDXH Etf | EUR 506.30 0.60 0.12% |
| Symbol | Amundi |
Amundi Nasdaq '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 Nasdaq'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 Nasdaq.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Amundi Nasdaq on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Amundi Nasdaq 100 EUR or generate 0.0% return on investment in Amundi Nasdaq over 60 days. Amundi Nasdaq is related to or competes with Amundi Index, Amundi Index, Amundi MSCI, Amundi Index, Amundi SP, Amundi MSCI, and Amundi Stoxx. To track the performance of NASDAQ-100 Index, and to minimize the tracking error between the net asset value of the sub-... More
Amundi Nasdaq 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 Nasdaq'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 Nasdaq 100 EUR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.1089 | |||
| Maximum Drawdown | 5.96 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.95 |
Amundi Nasdaq Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amundi Nasdaq's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amundi Nasdaq's standard deviation. In reality, there are many statistical measures that can use Amundi Nasdaq historical prices to predict the future Amundi Nasdaq's volatility.| Risk Adjusted Performance | 0.1736 | |||
| Jensen Alpha | 0.1884 | |||
| Total Risk Alpha | 0.0662 | |||
| Sortino Ratio | 0.1043 | |||
| Treynor Ratio | 0.7872 |
Amundi Nasdaq 100 Backtested Returns
At this point, Amundi Nasdaq is very steady. Amundi Nasdaq 100 secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the etf had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Amundi Nasdaq 100 EUR, which you can use to evaluate the volatility of the entity. Please confirm Amundi Nasdaq's Downside Deviation of 1.02, risk adjusted performance of 0.1736, and Mean Deviation of 0.6781 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. The etf shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Amundi Nasdaq's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amundi Nasdaq is expected to be smaller as well.
Auto-correlation | 0.60 |
Good predictability
Amundi Nasdaq 100 EUR has good predictability. Overlapping area represents the amount of predictability between Amundi Nasdaq time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Amundi Nasdaq 100 price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Amundi Nasdaq price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 74.83 |
Amundi Nasdaq 100 lagged returns against current returns
Autocorrelation, which is Amundi Nasdaq 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 Nasdaq's etf expected returns. We can calculate the autocorrelation of Amundi Nasdaq returns to help us make a trade decision. For example, suppose you find that Amundi Nasdaq 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 Nasdaq 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 Nasdaq etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amundi Nasdaq etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amundi Nasdaq etf over time.
Current vs Lagged Prices |
| Timeline |
Amundi Nasdaq Lagged Returns
When evaluating Amundi Nasdaq's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amundi Nasdaq etf have on its future price. Amundi Nasdaq 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 Nasdaq autocorrelation shows the relationship between Amundi Nasdaq etf current value and its past values and can show if there is a momentum factor associated with investing in Amundi Nasdaq 100 EUR.
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 Nasdaq 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 Nasdaq security.