Amundi ETF's market value is the price at which a share of Amundi ETF trades on a public exchange. It measures the collective expectations of Amundi ETF PEA investors about its performance. Amundi ETF is selling at 24.14 as of the 28th of November 2024; that is 0.25 percent increase since the beginning of the trading day. The etf's last reported lowest price was 24.14. With this module, you can estimate the performance of a buy and hold strategy of Amundi ETF PEA and determine expected loss or profit from investing in Amundi ETF over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Symbol
Amundi
Amundi 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 Amundi 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 Amundi ETF.
0.00
12/09/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
11/28/2024
0.00
If you would invest 0.00 in Amundi ETF on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Amundi ETF PEA or generate 0.0% return on investment in Amundi ETF over 720 days.
Amundi 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 Amundi 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 Amundi ETF PEA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amundi ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amundi ETF's standard deviation. In reality, there are many statistical measures that can use Amundi ETF historical prices to predict the future Amundi ETF's volatility.
Currently, Amundi ETF PEA is very steady. Amundi ETF PEA secures Sharpe Ratio (or Efficiency) of 0.0937, which signifies that the etf had a 0.0937% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Amundi ETF PEA, which you can use to evaluate the volatility of the entity. Please confirm Amundi ETF's Mean Deviation of 0.9282, downside deviation of 1.27, and Risk Adjusted Performance of 0.0834 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The etf shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Amundi ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amundi ETF is expected to be smaller as well.
Auto-correlation
-0.51
Good reverse predictability
Amundi ETF PEA has good reverse predictability. Overlapping area represents the amount of predictability between Amundi ETF time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 ETF PEA price movement. The serial correlation of -0.51 indicates that about 51.0% of current Amundi ETF price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.51
Spearman Rank Test
-0.34
Residual Average
0.0
Price Variance
1.98
Amundi ETF PEA lagged returns against current returns
Autocorrelation, which is Amundi 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 Amundi ETF's etf expected returns. We can calculate the autocorrelation of Amundi ETF returns to help us make a trade decision. For example, suppose you find that Amundi 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
Amundi 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 Amundi ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amundi ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amundi ETF etf over time.
Current vs Lagged Prices
Timeline
Amundi ETF Lagged Returns
When evaluating Amundi ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amundi ETF etf have on its future price. Amundi 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, Amundi ETF autocorrelation shows the relationship between Amundi ETF etf current value and its past values and can show if there is a momentum factor associated with investing in Amundi ETF PEA.
Regressed Prices
Timeline
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