Amundi SP's market value is the price at which a share of Amundi SP trades on a public exchange. It measures the collective expectations of Amundi SP Global investors about its performance. Amundi SP is trading at 13.32 as of the 2nd of December 2024, a 0.15 percent increase since the beginning of the trading day. The etf's lowest day price was 13.27. With this module, you can estimate the performance of a buy and hold strategy of Amundi SP Global and determine expected loss or profit from investing in Amundi SP over a given investment horizon. Check out Your Current Watchlist 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 board of governors.
Symbol
Amundi
Amundi SP '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 SP'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 SP.
0.00
06/05/2024
No Change 0.00
0.0
In 5 months and 30 days
12/02/2024
0.00
If you would invest 0.00 in Amundi SP on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Amundi SP Global or generate 0.0% return on investment in Amundi SP over 180 days.
Amundi SP 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 SP'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 SP Global 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 SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amundi SP's standard deviation. In reality, there are many statistical measures that can use Amundi SP historical prices to predict the future Amundi SP's volatility.
Amundi SP appears to be very steady, given 3 months investment horizon. Amundi SP Global secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the etf had a 0.22% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Amundi SP Global, which you can use to evaluate the volatility of the entity. Please makes use of Amundi SP's Mean Deviation of 0.8539, risk adjusted performance of 0.1772, and Downside Deviation of 0.8757 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Amundi SP's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amundi SP is expected to be smaller as well.
Auto-correlation
-0.25
Weak reverse predictability
Amundi SP Global has weak reverse predictability. Overlapping area represents the amount of predictability between Amundi SP time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 SP Global price movement. The serial correlation of -0.25 indicates that over 25.0% of current Amundi SP price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.25
Spearman Rank Test
-0.25
Residual Average
0.0
Price Variance
0.46
Amundi SP Global lagged returns against current returns
Autocorrelation, which is Amundi SP 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 SP's etf expected returns. We can calculate the autocorrelation of Amundi SP returns to help us make a trade decision. For example, suppose you find that Amundi SP 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 SP 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 SP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amundi SP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amundi SP etf over time.
Current vs Lagged Prices
Timeline
Amundi SP Lagged Returns
When evaluating Amundi SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amundi SP etf have on its future price. Amundi SP 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 SP autocorrelation shows the relationship between Amundi SP etf current value and its past values and can show if there is a momentum factor associated with investing in Amundi SP Global.
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.