Amplify Alternative Harvest Etf Profile

MJ Etf  USD 4.18  0.12  2.79%   

Performance

11 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 10

 
100  
 
Zero
Low
Amplify Alternative is selling for 4.18 as of the 29th of March 2024. This is a -2.79 percent down since the beginning of the trading day. The etf's last reported lowest price was 4.13. Amplify Alternative has less than a 10 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Amplify Alternative Harvest are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
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. More on Amplify Alternative Harvest

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Amplify Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Amplify Alternative's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Amplify Alternative or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas
(View all Themes)
Business ConcentrationStrategy ETFs, Cannabis, Theme ETFs, Miscellaneous Sector, ETFMG (View all Sectors)
IssuerAmplify
Inception Date2015-12-03
BenchmarkPrime Alternative Harvest Index
Entity TypeRegulated Investment Company
Asset Under Management290.61 Million
Average Trading Valume2.68 Million
Asset TypeEquity
CategoryStrategy
FocusTheme
Market ConcentrationBlended Development
RegionGlobal
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorAmplify Investments LLC
CustodianU.S. Bank, N.A.
DistributorForeside Fund Services, LLC
Portfolio ManagerCharles Ragauss, Qiao Duan
Transfer AgentU.S. Bancorp Fund Services, LLC
Fiscal Year End31-Mar
ExchangeNYSE Arca, Inc.
Number of Constituents31.0
Market MakerVirtu Financial
Total Expense1.07
Management Fee0.75
Country NameUSA
Returns Y T D10.84
NameAmplify Alternative Harvest
Currency CodeUSD
Open FigiBBG00B9M3P99
In Threey Volatility43.61
1y Volatility36.61
200 Day M A3.3153
50 Day M A3.5504
CodeMJ
Updated At28th of March 2024
Currency NameUS Dollar
Amplify Alternative Harvest [MJ] is traded in USA and was set up on 2015-12-03. The fund is currently listed under Miscellaneous Sector category as part of ETFMG family of funds. The entity is thematically classified as Strategy ETFs. Amplify Alternative now have 396.89 M in assets. , while the total return for the last 3 years was -46.1%.
Check Amplify Alternative Probability Of Bankruptcy

Geographic Allocation (%)

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Amplify Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Amplify Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Amplify Alternative Harvest Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Amplify Alternative Currency Exposure

Amplify Alternative Harvest holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Amplify Alternative will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Amplify Alternative Harvest.

Top Amplify Alternative Harvest Etf Constituents

CRBPCorbus Pharmaceuticals HoldingStockHealth Care
CWEBDirexion Daily CSIEtfTrading--Leveraged Equity
GRWGGrowGeneration CorpStockConsumer Discretionary
MJUSETFMG US AlternativeEtfMiscellaneous Sector
MOAltria GroupStockConsumer Staples
PMPhilip Morris InternationalStockConsumer Staples
SWMSCHWEITZER MAUDUIT INTERNATIONALStockPaper & Paper Products
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Amplify Alternative Target Price Odds Analysis

Based on a normal probability distribution, the odds of Amplify Alternative jumping above the current price in 90 days from now is near 1%. The Amplify Alternative Harvest probability density function shows the probability of Amplify Alternative etf to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the etf has a beta coefficient of 1.5976. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Amplify Alternative will likely underperform. Additionally, amplify Alternative Harvest has an alpha of 0.3278, implying that it can generate a 0.33 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 4.18HorizonTargetOdds Above 4.18
99.65%90 days
 4.18 
0.34%
Based on a normal probability distribution, the odds of Amplify Alternative to move above the current price in 90 days from now is near 1 (This Amplify Alternative Harvest probability density function shows the probability of Amplify Etf to fall within a particular range of prices over 90 days) .

Amplify Alternative Top Holders

RQEAXResq Dynamic AllocationMutual FundTactical Allocation
RQEIXResq Dynamic AllocationMutual FundTactical Allocation
RQECXResq Dynamic AllocationMutual FundTactical Allocation
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Amplify Alternative Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Amplify Alternative market risk premium is the additional return an investor will receive from holding Amplify Alternative long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Amplify Alternative. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Amplify Alternative's alpha and beta are two of the key measurements used to evaluate Amplify Alternative's performance over the market, the standard measures of volatility play an important role as well.

Amplify Alternative Against Markets

Picking the right benchmark for Amplify Alternative etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Amplify Alternative etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Amplify Alternative is critical whether you are bullish or bearish towards Amplify Alternative Harvest at a given time. Please also check how Amplify Alternative's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Amplify Alternative without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Amplify Etf?

Before investing in Amplify Alternative, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Amplify Alternative. To buy Amplify Alternative etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Amplify Alternative. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Amplify Alternative etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Amplify Alternative Harvest etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Amplify Alternative Harvest etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Amplify Alternative Harvest, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Amplify Etf please use our How to Invest in Amplify Alternative guide.

Already Invested in Amplify Alternative Harvest?

The danger of trading Amplify Alternative Harvest is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Amplify Alternative is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Amplify Alternative. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Amplify Alternative is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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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.