Amplify Thematic All Stars Etf Market Value
| MVPS Etf | USD 25.45 0.10 0.39% |
| Symbol | Amplify |
The market value of Amplify Thematic All 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 Thematic's value that differs from its market value or its book value, called intrinsic value, which is Amplify Thematic'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 Thematic's market value can be influenced by many factors that don't directly affect Amplify Thematic'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 Thematic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify Thematic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify Thematic'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.
Amplify Thematic '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 Amplify Thematic'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 Amplify Thematic.
| 10/23/2023 |
| 12/16/2024 |
If you would invest 0.00 in Amplify Thematic on October 23, 2023 and sell it all today you would earn a total of 0.00 from holding Amplify Thematic All Stars or generate 0.0% return on investment in Amplify Thematic over 420 days. Amplify Thematic is related to or competes with Amplify BlackSwan, Global X, and Virtus ETF. The index seeks to provide access to the equity securities of a diversified basket of U.S More
Amplify Thematic 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 Amplify Thematic'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 Amplify Thematic All Stars upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.1638 | |||
| Maximum Drawdown | 5.86 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 2.42 |
Amplify Thematic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amplify Thematic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amplify Thematic's standard deviation. In reality, there are many statistical measures that can use Amplify Thematic historical prices to predict the future Amplify Thematic's volatility.| Risk Adjusted Performance | 0.1833 | |||
| Jensen Alpha | 0.1872 | |||
| Total Risk Alpha | 0.1375 | |||
| Sortino Ratio | 0.1712 | |||
| Treynor Ratio | 0.26 |
Amplify Thematic All Backtested Returns
Amplify Thematic appears to be very steady, given 3 months investment horizon. Amplify Thematic All secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the etf had a 0.24% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Amplify Thematic All Stars, which you can use to evaluate the volatility of the entity. Please makes use of Amplify Thematic's Downside Deviation of 1.15, mean deviation of 0.8831, and Risk Adjusted Performance of 0.1833 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.1, which signifies a somewhat significant risk relative to the market. Amplify Thematic returns are very sensitive to returns on the market. As the market goes up or down, Amplify Thematic is expected to follow.
Auto-correlation | 0.22 |
Weak predictability
Amplify Thematic All Stars has weak predictability. Overlapping area represents the amount of predictability between Amplify Thematic time series from 23rd of October 2023 to 20th of May 2024 and 20th of May 2024 to 16th 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 Amplify Thematic All price movement. The serial correlation of 0.22 indicates that over 22.0% of current Amplify Thematic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 1.95 |
Amplify Thematic All lagged returns against current returns
Autocorrelation, which is Amplify Thematic 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 Amplify Thematic's etf expected returns. We can calculate the autocorrelation of Amplify Thematic returns to help us make a trade decision. For example, suppose you find that Amplify Thematic 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 |
Amplify Thematic 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 Amplify Thematic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amplify Thematic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amplify Thematic etf over time.
Current vs Lagged Prices |
| Timeline |
Amplify Thematic Lagged Returns
When evaluating Amplify Thematic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amplify Thematic etf have on its future price. Amplify Thematic 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, Amplify Thematic autocorrelation shows the relationship between Amplify Thematic etf current value and its past values and can show if there is a momentum factor associated with investing in Amplify Thematic All Stars.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Amplify Thematic Correlation, Amplify Thematic Volatility and Amplify Thematic Alpha and Beta module to complement your research on Amplify Thematic. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Amplify Thematic 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.