Amplify Transformational Data Etf Market Value

BLOK Etf  USD 36.44  0.31  0.86%   
Amplify Transformational's market value is the price at which a share of Amplify Transformational trades on a public exchange. It measures the collective expectations of Amplify Transformational Data investors about its performance. Amplify Transformational is selling for 36.44 as of the 29th of March 2024. This is a 0.86 percent increase since the beginning of the trading day. The etf's last reported lowest price was 36.33.
With this module, you can estimate the performance of a buy and hold strategy of Amplify Transformational Data and determine expected loss or profit from investing in Amplify Transformational over a given investment horizon. Check out Amplify Transformational Correlation, Amplify Transformational Volatility and Amplify Transformational Alpha and Beta module to complement your research on Amplify Transformational.
Symbol

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.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in Amplify Transformational on February 28, 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 ProShares Bitcoin, First Trust, and IShares Semiconductor. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amplify Transformational'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.
Hype
Prediction
LowEstimatedHigh
33.9836.5339.08
Details
Intrinsic
Valuation
LowRealHigh
32.6235.1737.72
Details
Naive
Forecast
LowNextHigh
35.5738.1240.66
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
32.8734.6836.49
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Amplify Transformational. Your research has to be compared to or analyzed against Amplify Transformational's peers to derive any actionable benefits. When done correctly, Amplify Transformational's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Amplify Transformational.

Amplify Transformational Backtested Returns

Amplify Transformational appears to be very steady, given 3 months investment horizon. Amplify Transformational secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the etf had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Amplify Transformational Data, which you can use to evaluate the volatility of the entity. Please makes use of Amplify Transformational's Mean Deviation of 2.09, risk adjusted performance of 0.0719, and Downside Deviation of 2.28 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 2.28, 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

    
  0.38  

Below average predictability

Amplify Transformational Data has below average predictability. Overlapping area represents the amount of predictability between Amplify Transformational time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 0.38 indicates that just about 38.0% of current Amplify Transformational price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test0.57
Residual Average0.0
Price Variance0.85

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  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Amplify Transformational in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Amplify Transformational's short interest history, or implied volatility extrapolated from Amplify Transformational options trading.

Pair Trading with Amplify Transformational

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Amplify Transformational position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amplify Transformational will appreciate offsetting losses from the drop in the long position's value.

Moving together with Amplify Etf

  0.93BITO ProShares Bitcoin Aggressive PushPairCorr
  0.97BLCN Siren Nasdaq NexGenPairCorr
  0.88LEGR First Trust IndxxPairCorr
  0.89BITQ Bitwise Crypto IndustryPairCorr

Moving against Amplify Etf

  0.72HHH Howard Hughes Symbol ChangePairCorr
The ability to find closely correlated positions to Amplify Transformational could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amplify Transformational when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amplify Transformational - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amplify Transformational Data to buy it.
The correlation of Amplify Transformational is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify Transformational moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify Transformational moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Amplify Transformational can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Amplify Transformational 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 Transformational Data Etf. Highlighted below are key reports to facilitate an investment decision about Amplify Transformational Data Etf:
Check out Amplify Transformational Correlation, Amplify Transformational Volatility and Amplify Transformational Alpha and Beta module to complement your research on Amplify Transformational.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for Amplify Etf analysis

When running Amplify Transformational's price analysis, check to measure Amplify Transformational'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 Transformational is operating at the current time. Most of Amplify Transformational's value examination focuses on studying past and present price action to predict the probability of Amplify Transformational'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 Transformational's price. Additionally, you may evaluate how the addition of Amplify Transformational to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of Amplify Transformational technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Amplify Transformational trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...