Amundi Index (Switzerland) Market Value
| 500E Etf | EUR 92.29 0.24 0.26% |
| Symbol | Amundi |
Please note, there is a significant difference between Amundi Index's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amundi Index is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amundi Index'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.
Amundi Index '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 Index'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 Index.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Amundi Index on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Amundi Index Solutions or generate 0.0% return on investment in Amundi Index over 30 days. Amundi Index is related to or competes with Amundi Index, Amundi Index, Amundi Index, Amundi MSCI, and Amundi Index. To track the performance of SP 500 Index , and to minimize the tracking error between the net asset value of the sub-fun... More
Amundi Index 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 Index'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 Index Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7009 | |||
| Information Ratio | 0.0996 | |||
| Maximum Drawdown | 4.13 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 1.2 |
Amundi Index Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amundi Index's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amundi Index's standard deviation. In reality, there are many statistical measures that can use Amundi Index historical prices to predict the future Amundi Index's volatility.| Risk Adjusted Performance | 0.1247 | |||
| Jensen Alpha | 0.1387 | |||
| Total Risk Alpha | 0.0618 | |||
| Sortino Ratio | 0.0966 | |||
| Treynor Ratio | (0.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amundi Index'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 Index Solutions Backtested Returns
We consider Amundi Index very steady. Amundi Index Solutions secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the etf had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Amundi Index Solutions, which you can use to evaluate the volatility of the entity. Please confirm Amundi Index's Mean Deviation of 0.473, risk adjusted performance of 0.1247, and Downside Deviation of 0.7009 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The etf shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Amundi Index are expected to decrease at a much lower rate. During the bear market, Amundi Index is likely to outperform the market.
Auto-correlation | 0.33 |
Below average predictability
Amundi Index Solutions has below average predictability. Overlapping area represents the amount of predictability between Amundi Index time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Index Solutions price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Amundi Index price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Amundi Index Solutions lagged returns against current returns
Autocorrelation, which is Amundi Index 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 Index's etf expected returns. We can calculate the autocorrelation of Amundi Index returns to help us make a trade decision. For example, suppose you find that Amundi Index 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 Index 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 Index etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amundi Index etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amundi Index etf over time.
Current vs Lagged Prices |
| Timeline |
Amundi Index Lagged Returns
When evaluating Amundi Index's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amundi Index etf have on its future price. Amundi Index 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 Index autocorrelation shows the relationship between Amundi Index etf current value and its past values and can show if there is a momentum factor associated with investing in Amundi Index Solutions.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Amundi Index Correlation, Amundi Index Volatility and Amundi Index Alpha and Beta module to complement your research on Amundi Index. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Amundi Index 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.