Amundi SP (France) Market Value
| LUXU Etf | USD 222.62 2.41 1.09% |
| Symbol | Amundi |
Amundi SP '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 SP'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 SP.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Amundi SP on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Amundi SP Global or generate 0.0% return on investment in Amundi SP over 180 days. Amundi SP is related to or competes with Ossiam Stoxx, Amundi MSCI, and Amundi ETF. To track the performance of SP Global Luxury Index, and to minimize the tracking error between the net asset value of th... More
Amundi SP 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 SP'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 SP Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.0315 | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 2.62 |
Amundi SP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amundi SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amundi SP's standard deviation. In reality, there are many statistical measures that can use Amundi SP historical prices to predict the future Amundi SP's volatility.| Risk Adjusted Performance | 0.0491 | |||
| Jensen Alpha | 0.0638 | |||
| Total Risk Alpha | 0.0269 | |||
| Sortino Ratio | 0.0263 | |||
| Treynor Ratio | (0.86) |
Amundi SP Global Backtested Returns
Amundi SP Global secures Sharpe Ratio (or Efficiency) of -0.0121, which signifies that the etf had a -0.0121% return per unit of risk over the last 3 months. Amundi SP Global exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amundi SP's Downside Deviation of 1.52, mean deviation of 0.7576, and Risk Adjusted Performance of 0.0491 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.0721, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Amundi SP are expected to decrease at a much lower rate. During the bear market, Amundi SP is likely to outperform the market.
Auto-correlation | 0.08 |
Virtually no predictability
Amundi SP Global has virtually no predictability. Overlapping area represents the amount of predictability between Amundi SP time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 SP Global price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Amundi SP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 36.73 |
Amundi SP Global lagged returns against current returns
Autocorrelation, which is Amundi SP 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 SP's etf expected returns. We can calculate the autocorrelation of Amundi SP returns to help us make a trade decision. For example, suppose you find that Amundi SP 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 SP 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 SP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amundi SP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amundi SP etf over time.
Current vs Lagged Prices |
| Timeline |
Amundi SP Lagged Returns
When evaluating Amundi SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amundi SP etf have on its future price. Amundi SP 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 SP autocorrelation shows the relationship between Amundi SP etf current value and its past values and can show if there is a momentum factor associated with investing in Amundi SP Global.
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 SP 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 SP security.