Amundi EUR (UK) Market Value
| YIEL Etf | 106.74 0.05 0.05% |
| Symbol | Amundi |
Amundi EUR '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 EUR'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 EUR.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Amundi EUR on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Amundi EUR High or generate 0.0% return on investment in Amundi EUR over 660 days. Amundi EUR is related to or competes with Leverage Shares, WisdomTree Silver, Leverage Shares, WisdomTree, Lyxor 10Y, GraniteShares, and WisdomTree Cocoa. Amundi EUR is entity of United Kingdom. It is traded as Etf on LSE exchange. More
Amundi EUR 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 EUR'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 EUR High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1891 | |||
| Information Ratio | (0.56) | |||
| Maximum Drawdown | 1.16 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.3303 |
Amundi EUR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amundi EUR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amundi EUR's standard deviation. In reality, there are many statistical measures that can use Amundi EUR historical prices to predict the future Amundi EUR's volatility.| Risk Adjusted Performance | 0.0728 | |||
| Jensen Alpha | 0.0124 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.56) | |||
| Treynor Ratio | 0.6172 |
Amundi EUR High Backtested Returns
Currently, Amundi EUR High is very steady. Amundi EUR High secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Amundi EUR High, which you can use to evaluate the volatility of the entity. Please confirm Amundi EUR's Mean Deviation of 0.1385, coefficient of variation of 739.4, and Risk Adjusted Performance of 0.0728 to double-check if the risk estimate we provide is consistent with the expected return of 0.0208%. The etf shows a Beta (market volatility) of 0.0249, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Amundi EUR's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amundi EUR is expected to be smaller as well.
Auto-correlation | 0.79 |
Good predictability
Amundi EUR High has good predictability. Overlapping area represents the amount of predictability between Amundi EUR time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 EUR High price movement. The serial correlation of 0.79 indicates that around 79.0% of current Amundi EUR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 4.23 |
Amundi EUR High lagged returns against current returns
Autocorrelation, which is Amundi EUR 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 EUR's etf expected returns. We can calculate the autocorrelation of Amundi EUR returns to help us make a trade decision. For example, suppose you find that Amundi EUR 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 EUR 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 EUR etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amundi EUR etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amundi EUR etf over time.
Current vs Lagged Prices |
| Timeline |
Amundi EUR Lagged Returns
When evaluating Amundi EUR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amundi EUR etf have on its future price. Amundi EUR 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 EUR autocorrelation shows the relationship between Amundi EUR etf current value and its past values and can show if there is a momentum factor associated with investing in Amundi EUR High.
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 EUR 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 EUR security.