Amundi Euro's market value is the price at which a share of Amundi Euro trades on a public exchange. It measures the collective expectations of Amundi Euro Stoxx investors about its performance. Amundi Euro is trading at 32.81 as of the 30th of December 2024, a 0.31 percent up since the beginning of the trading day. The etf's lowest day price was 32.66. With this module, you can estimate the performance of a buy and hold strategy of Amundi Euro Stoxx and determine expected loss or profit from investing in Amundi Euro over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Amundi
Amundi Euro '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 Euro'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 Euro.
0.00
11/30/2024
No Change 0.00
0.0
In 31 days
12/30/2024
0.00
If you would invest 0.00 in Amundi Euro on November 30, 2024 and sell it all today you would earn a total of 0.00 from holding Amundi Euro Stoxx or generate 0.0% return on investment in Amundi Euro over 30 days.
Amundi Euro 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 Euro'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 Euro Stoxx upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amundi Euro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amundi Euro's standard deviation. In reality, there are many statistical measures that can use Amundi Euro historical prices to predict the future Amundi Euro's volatility.
Amundi Euro Stoxx secures Sharpe Ratio (or Efficiency) of -0.0132, which signifies that the etf had a -0.0132% return per unit of risk over the last 3 months. Amundi Euro Stoxx exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amundi Euro's Standard Deviation of 1.81, risk adjusted performance of (0.01), and Mean Deviation of 1.07 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Amundi Euro are expected to decrease at a much lower rate. During the bear market, Amundi Euro is likely to outperform the market.
Auto-correlation
-0.75
Almost perfect reverse predictability
Amundi Euro Stoxx has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Amundi Euro time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th 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 Amundi Euro Stoxx price movement. The serial correlation of -0.75 indicates that around 75.0% of current Amundi Euro price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.75
Spearman Rank Test
-0.4
Residual Average
0.0
Price Variance
0.03
Amundi Euro Stoxx lagged returns against current returns
Autocorrelation, which is Amundi Euro 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 Euro's etf expected returns. We can calculate the autocorrelation of Amundi Euro returns to help us make a trade decision. For example, suppose you find that Amundi Euro 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 Euro 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 Euro etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amundi Euro etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amundi Euro etf over time.
Current vs Lagged Prices
Timeline
Amundi Euro Lagged Returns
When evaluating Amundi Euro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amundi Euro etf have on its future price. Amundi Euro 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 Euro autocorrelation shows the relationship between Amundi Euro etf current value and its past values and can show if there is a momentum factor associated with investing in Amundi Euro Stoxx.
Regressed Prices
Timeline
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