Amplify Etf Trust Etf Market Value
| HACK Etf | USD 67.14 1.15 1.74% |
| Symbol | Amplify |
The market value of Amplify ETF Trust 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 ETF's value that differs from its market value or its book value, called intrinsic value, which is Amplify ETF'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 ETF's market value can be influenced by many factors that don't directly affect Amplify ETF'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 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify ETF'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.
Amplify 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 Amplify 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 Amplify ETF.
| 07/21/2024 |
| 09/19/2024 |
If you would invest 0.00 in Amplify ETF on July 21, 2024 and sell it all today you would earn a total of 0.00 from holding Amplify ETF Trust or generate 0.0% return on investment in Amplify ETF over 60 days. Amplify ETF is related to or competes with First Trust, Global X, First Trust, Robo Global, and CyberArk Software. The index tracks the performance of the exchange-listed equity securities of companies across the globe that engage in p... More
Amplify 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 Amplify 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 Amplify ETF Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.9 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 1.7 |
Amplify ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amplify ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amplify ETF's standard deviation. In reality, there are many statistical measures that can use Amplify ETF historical prices to predict the future Amplify ETF's volatility.| Risk Adjusted Performance | 0.0553 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0663 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amplify ETF's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Amplify ETF Trust Backtested Returns
As of now, Amplify Etf is very steady. Amplify ETF Trust secures Sharpe Ratio (or Efficiency) of 0.0907, which signifies that the etf had a 0.0907% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Amplify ETF Trust, which you can use to evaluate the volatility of the entity. Please confirm Amplify ETF's Risk Adjusted Performance of 0.0553, mean deviation of 0.9259, and Downside Deviation of 1.52 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The etf shows a Beta (market volatility) of 1.04, which signifies a somewhat significant risk relative to the market. Amplify ETF returns are very sensitive to returns on the market. As the market goes up or down, Amplify ETF is expected to follow.
Auto-correlation | 0.40 |
Average predictability
Amplify ETF Trust has average predictability. Overlapping area represents the amount of predictability between Amplify ETF time series from 21st of July 2024 to 20th of August 2024 and 20th of August 2024 to 19th of September 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 Amplify ETF Trust price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Amplify ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.86 |
Amplify ETF Trust lagged returns against current returns
Autocorrelation, which is Amplify 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 Amplify ETF's etf expected returns. We can calculate the autocorrelation of Amplify ETF returns to help us make a trade decision. For example, suppose you find that Amplify 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 |
Amplify 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 Amplify ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amplify ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amplify ETF etf over time.
Current vs Lagged Prices |
| Timeline |
Amplify ETF Lagged Returns
When evaluating Amplify ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amplify ETF etf have on its future price. Amplify 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, Amplify ETF autocorrelation shows the relationship between Amplify ETF etf current value and its past values and can show if there is a momentum factor associated with investing in Amplify ETF Trust.
Regressed Prices |
| Timeline |
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When determining whether Amplify ETF Trust is a strong investment it is important to analyze Amplify ETF's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Amplify ETF's future performance. For an informed investment choice regarding Amplify Etf, refer to the following important reports:Check out Amplify ETF Correlation, Amplify ETF Volatility and Amplify ETF Alpha and Beta module to complement your research on Amplify ETF. For more information on how to buy Amplify Etf please use our How to buy in Amplify Etf guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Amplify ETF technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.