Amundi ETF (France) Market Value
| CD8 Etf | EUR 154.40 0.36 0.23% |
| Symbol | Amundi |
Amundi ETF '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 ETF'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 ETF.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Amundi ETF on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Amundi ETF MSCI or generate 0.0% return on investment in Amundi ETF over 30 days. Amundi ETF is related to or competes with Amundi Index, Manitou BF, Ekinops SA, Orapi SA, Memscap Regpt, and Malteries Franco. The investment seeks to track the price and yield performance, before fees and expenses, of the MSCI EMU High Dividend Y... More
Amundi ETF 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 ETF'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 ETF MSCI upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 2.82 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 0.8529 |
Amundi ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amundi ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amundi ETF's standard deviation. In reality, there are many statistical measures that can use Amundi ETF historical prices to predict the future Amundi ETF's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 1.47 |
Amundi ETF MSCI Backtested Returns
Amundi ETF MSCI secures Sharpe Ratio (or Efficiency) of -0.0881, which signifies that the etf had a -0.0881% return per unit of risk over the last 3 months. Amundi ETF MSCI exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amundi ETF's Risk Adjusted Performance of (0.07), standard deviation of 0.6965, and Mean Deviation of 0.5768 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.05, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Amundi ETF are expected to decrease at a much lower rate. During the bear market, Amundi ETF is likely to outperform the market.
Auto-correlation | 0.42 |
Average predictability
Amundi ETF MSCI has average predictability. Overlapping area represents the amount of predictability between Amundi ETF time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 ETF MSCI price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Amundi ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Amundi ETF MSCI lagged returns against current returns
Autocorrelation, which is Amundi ETF 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 ETF's etf expected returns. We can calculate the autocorrelation of Amundi ETF returns to help us make a trade decision. For example, suppose you find that Amundi ETF 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 ETF 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 ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amundi ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amundi ETF etf over time.
Current vs Lagged Prices |
| Timeline |
Amundi ETF Lagged Returns
When evaluating Amundi ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amundi ETF etf have on its future price. Amundi ETF 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 ETF autocorrelation shows the relationship between Amundi ETF etf current value and its past values and can show if there is a momentum factor associated with investing in Amundi ETF MSCI.
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.Other Information on Investing in Amundi Etf
Amundi ETF financial ratios help investors to determine whether Amundi Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Amundi with respect to the benefits of owning Amundi ETF security.