Amplify High Income Etf Market Value
| YYY Etf | USD 11.56 0.11 0.94% |
| Symbol | Amplify |
The market value of Amplify High Income 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 High's value that differs from its market value or its book value, called intrinsic value, which is Amplify High'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 High's market value can be influenced by many factors that don't directly affect Amplify High'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 High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify High'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 High '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 High'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 High.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Amplify High on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Amplify High Income or generate 0.0% return on investment in Amplify High over 30 days. Amplify High is related to or competes with Arrow DWA, AlphaMark Actively, FlexShares Real, and First Trust. The fund will normally invest at least 80 percent of its net assets in securities of the index More
Amplify High 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 High'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 High Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 2.86 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.6706 |
Amplify High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amplify High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amplify High's standard deviation. In reality, there are many statistical measures that can use Amplify High historical prices to predict the future Amplify High's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amplify High'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 High Income Backtested Returns
Amplify High Income 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. Amplify High Income exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amplify High's Risk Adjusted Performance of (0.08), mean deviation of 0.385, and Standard Deviation of 0.5121 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Amplify High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amplify High is expected to be smaller as well.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Amplify High Income has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Amplify High time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 High Income price movement. The serial correlation of -0.77 indicates that around 77.0% of current Amplify High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Amplify High Income lagged returns against current returns
Autocorrelation, which is Amplify High 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 High's etf expected returns. We can calculate the autocorrelation of Amplify High returns to help us make a trade decision. For example, suppose you find that Amplify High 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 High 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 High etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amplify High etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amplify High etf over time.
Current vs Lagged Prices |
| Timeline |
Amplify High Lagged Returns
When evaluating Amplify High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amplify High etf have on its future price. Amplify High 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 High autocorrelation shows the relationship between Amplify High etf current value and its past values and can show if there is a momentum factor associated with investing in Amplify High Income.
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.When determining whether Amplify High Income offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Amplify High's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Amplify High Income Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Amplify High Income Etf:Check out Amplify High Correlation, Amplify High Volatility and Amplify High Alpha and Beta module to complement your research on Amplify High. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Amplify High 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.