Amplify Alternative Harvest Etf Performance

MJ Etf  USD 4.18  0.12  2.79%   
The etf shows a Beta (market volatility) of 1.66, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Amplify Alternative will likely underperform.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Amplify Alternative Harvest are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Even with relatively fragile forward-looking indicators, Amplify Alternative revealed solid returns over the last few months and may actually be approaching a breakup point. ...more
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In Threey Sharp Ratio-0.90
  

Amplify Alternative Relative Risk vs. Return Landscape

If you would invest  318.00  in Amplify Alternative Harvest on December 29, 2023 and sell it today you would earn a total of  112.00  from holding Amplify Alternative Harvest or generate 35.22% return on investment over 90 days. Amplify Alternative Harvest is generating 0.5548% of daily returns and assumes 3.4892% volatility on return distribution over the 90 days horizon. Put differently, 30% of etfs are less risky than Amplify on the basis of their historical return distribution, and some 90% of all equities are expected to be superior in generating returns on investments over the next 90 days.
  Expected Return   
       Risk  
Allowing for the 90-day total investment horizon Amplify Alternative is expected to generate 6.13 times more return on investment than the market. However, the company is 6.13 times more volatile than its market benchmark. It trades about 0.16 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.24 per unit of risk.

Amplify Alternative Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Amplify Alternative's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Amplify Alternative Harvest, and traders can use it to determine the average amount a Amplify Alternative's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.159

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Estimated Market Risk

 3.49
  actual daily
30
70% of assets are more volatile

Expected Return

 0.55
  actual daily
10
90% of assets have higher returns

Risk-Adjusted Return

 0.16
  actual daily
12
88% of assets perform better
Based on monthly moving average Amplify Alternative is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Amplify Alternative by adding it to a well-diversified portfolio.

Amplify Alternative Fundamentals Growth

Amplify Etf prices reflect investors' perceptions of the future prospects and financial health of Amplify Alternative, and Amplify Alternative fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Amplify Etf performance.
Total Asset396.89 M

About Amplify Alternative Performance

To evaluate Amplify Alternative Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Amplify Alternative generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Amplify Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Amplify Alternative market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Amplify's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The index tracks the performance of the common stock of companies across the globe. Etfmg Alternative is traded on NYSEARCA Exchange in the United States.
Amplify Alternative appears to be risky and price may revert if volatility continues
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Amplify Alternative produced five year return of -34.0%
This fund maintains 81.08% of its assets in stocks
When determining whether Amplify Alternative is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Amplify Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Amplify Alternative Harvest Etf. Highlighted below are key reports to facilitate an investment decision about Amplify Alternative Harvest Etf:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Amplify Alternative Harvest. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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When running Amplify Alternative's price analysis, check to measure Amplify Alternative's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Amplify Alternative is operating at the current time. Most of Amplify Alternative's value examination focuses on studying past and present price action to predict the probability of Amplify Alternative's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amplify Alternative's price. Additionally, you may evaluate how the addition of Amplify Alternative to your portfolios can decrease your overall portfolio volatility.
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The market value of Amplify Alternative 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 Alternative's value that differs from its market value or its book value, called intrinsic value, which is Amplify Alternative'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 Alternative's market value can be influenced by many factors that don't directly affect Amplify Alternative'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 Alternative's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify Alternative is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify Alternative'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.