Amundi Govt (France) Market Value
| X1GD Etf | EUR 193.17 0.91 0.47% |
| Symbol | Amundi |
Amundi Govt '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 Amundi Govt'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 Amundi Govt.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Amundi Govt on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Amundi Govt Bond or generate 0.0% return on investment in Amundi Govt over 30 days. Amundi Govt is related to or competes with Amundi Index, Amundi Index, Amundi Index, Amundi SP, Amundi MSCI, Amundi Stoxx, and Amundi SP. To track the performance of FTSE MTS Lowest-Rated Eurozone Government Bond IG Index, and to minimize the tracking error ... More
Amundi Govt 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 Amundi Govt'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 Amundi Govt Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3471 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 1.52 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.5845 |
Amundi Govt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amundi Govt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amundi Govt's standard deviation. In reality, there are many statistical measures that can use Amundi Govt historical prices to predict the future Amundi Govt's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amundi Govt'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.
Amundi Govt Bond Backtested Returns
Amundi Govt Bond secures Sharpe Ratio (or Efficiency) of -0.0327, which signifies that the etf had a -0.0327% return per unit of risk over the last 3 months. Amundi Govt Bond exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amundi Govt's Risk Adjusted Performance of (0.01), downside deviation of 0.3471, and Mean Deviation of 0.29 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.0532, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Amundi Govt's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amundi Govt is expected to be smaller as well.
Auto-correlation | 0.01 |
Virtually no predictability
Amundi Govt Bond has virtually no predictability. Overlapping area represents the amount of predictability between Amundi Govt time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 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 Amundi Govt Bond price movement. The serial correlation of 0.01 indicates that just 1.0% of current Amundi Govt price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Amundi Govt Bond lagged returns against current returns
Autocorrelation, which is Amundi Govt 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 Amundi Govt's etf expected returns. We can calculate the autocorrelation of Amundi Govt returns to help us make a trade decision. For example, suppose you find that Amundi Govt 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 |
Amundi Govt 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 Amundi Govt etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amundi Govt etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amundi Govt etf over time.
Current vs Lagged Prices |
| Timeline |
Amundi Govt Lagged Returns
When evaluating Amundi Govt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amundi Govt etf have on its future price. Amundi Govt 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, Amundi Govt autocorrelation shows the relationship between Amundi Govt etf current value and its past values and can show if there is a momentum factor associated with investing in Amundi Govt Bond.
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 Amundi Govt 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, Amundi Govt's short interest history, or implied volatility extrapolated from Amundi Govt options trading.
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.Check out Amundi Govt Correlation, Amundi Govt Volatility and Amundi Govt Alpha and Beta module to complement your research on Amundi Govt. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Amundi Govt 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.