Amplify Transformational Data Etf Market Value
| BLOK Etf | USD 50.25 0.59 1.19% |
| Symbol | Amplify |
The market value of Amplify Transformational 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 Transformational's value that differs from its market value or its book value, called intrinsic value, which is Amplify Transformational'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 Transformational's market value can be influenced by many factors that don't directly affect Amplify Transformational'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 Transformational's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify Transformational is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify Transformational'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 Transformational '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 Transformational'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 Transformational.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Amplify Transformational on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Amplify Transformational Data or generate 0.0% return on investment in Amplify Transformational over 30 days. Amplify Transformational is related to or competes with Siren Nasdaq, First Trust, and ARK Fintech. The fund is an actively managed ETF that seeks to provide total return by investing at least 80 percent of its net asset... More
Amplify Transformational 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 Transformational'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 Transformational Data upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.1698 | |||
| Maximum Drawdown | 12.73 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 4.52 |
Amplify Transformational Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amplify Transformational's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amplify Transformational's standard deviation. In reality, there are many statistical measures that can use Amplify Transformational historical prices to predict the future Amplify Transformational's volatility.| Risk Adjusted Performance | 0.1782 | |||
| Jensen Alpha | 0.2855 | |||
| Total Risk Alpha | 0.1349 | |||
| Sortino Ratio | 0.2028 | |||
| Treynor Ratio | 0.2611 |
Amplify Transformational Backtested Returns
Amplify Transformational appears to be very steady, given 3 months investment horizon. Amplify Transformational secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the etf had a 0.27% return per unit of risk over the last 3 months. By analyzing Amplify Transformational's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please makes use of Amplify Transformational's Mean Deviation of 1.83, downside deviation of 2.12, and Risk Adjusted Performance of 0.1782 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 2.14, 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 Transformational will likely underperform.
Auto-correlation | 0.40 |
Average predictability
Amplify Transformational Data has average predictability. Overlapping area represents the amount of predictability between Amplify Transformational time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Amplify Transformational price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Amplify Transformational price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
Amplify Transformational lagged returns against current returns
Autocorrelation, which is Amplify Transformational 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 Transformational's etf expected returns. We can calculate the autocorrelation of Amplify Transformational returns to help us make a trade decision. For example, suppose you find that Amplify Transformational 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 Transformational 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 Transformational etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amplify Transformational etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amplify Transformational etf over time.
Current vs Lagged Prices |
| Timeline |
Amplify Transformational Lagged Returns
When evaluating Amplify Transformational's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amplify Transformational etf have on its future price. Amplify Transformational 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 Transformational autocorrelation shows the relationship between Amplify Transformational etf current value and its past values and can show if there is a momentum factor associated with investing in Amplify Transformational Data.
Regressed Prices |
| Timeline |
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Amplify Transformational 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.