Amundi Index (Switzerland) Market Value
AUEM Etf | USD 5.18 0.04 0.78% |
Symbol | Amundi |
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.
04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Amundi Index on April 3, 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 MSCI Emerging Markets Index , and to minimize the tracking error between the net asset value... 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 | 1.05 | |||
Information Ratio | 0.0615 | |||
Maximum Drawdown | 5.08 | |||
Value At Risk | (1.39) | |||
Potential Upside | 1.38 |
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 | 0.0822 | |||
Jensen Alpha | 0.1072 | |||
Total Risk Alpha | 0.0374 | |||
Sortino Ratio | 0.0523 | |||
Treynor Ratio | (0.62) |
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 not too volatile. Amundi Index Solutions secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the etf had a 0.14% 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 Downside Deviation of 1.05, mean deviation of 0.6684, and Risk Adjusted Performance of 0.0822 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The etf shows a Beta (market volatility) of -0.16, 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 | -0.65 |
Very good reverse predictability
Amundi Index Solutions has very good reverse predictability. Overlapping area represents the amount of predictability between Amundi Index time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 -0.65 indicates that roughly 65.0% of current Amundi Index price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.65 | |
Spearman Rank Test | -0.53 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
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 |
Pair Trading with Amundi Index
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Amundi Index position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amundi Index will appreciate offsetting losses from the drop in the long position's value.Moving together with Amundi Etf
0.85 | JPNJPA | UBSFund Solutions MSCI | PairCorr |
0.85 | VUSA | Vanguard SP 500 | PairCorr |
0.75 | CSNKY | iShares VII PLC | PairCorr |
0.87 | CSSPX | iShares Core SP | PairCorr |
0.83 | LYJPN | Lyxor Japan UCITS | PairCorr |
Moving against Amundi Etf
0.75 | LYSSL | Lyxor SMI Daily | PairCorr |
0.72 | CLEU | Lyxor MSCI Europe | PairCorr |
0.57 | XSDX | Xtrackers ShortDAX Daily | PairCorr |
The ability to find closely correlated positions to Amundi Index could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amundi Index when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amundi Index - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amundi Index Solutions to buy it.
The correlation of Amundi Index is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amundi Index moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amundi Index Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Amundi Index can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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.