Amundi SP (France) Market Value
| TELW Etf | EUR 14.78 0.05 0.34% |
| 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.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Amundi SP on April 2, 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 30 days. Amundi SP is related to or competes with Amundi Index, Amundi Index, Amundi Index, Amundi SP, Amundi MSCI, Amundi Stoxx, and Amundi SP. The Lyxor MSCI World Telecommunication Services TR UCITS ETF is a UCITS compliant exchange traded fund that aims to trac... 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 | 1.46 | |||
| Information Ratio | 0.0287 | |||
| Maximum Drawdown | 8.85 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 2.32 |
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 | 0.0512 | |||
| Jensen Alpha | 0.0692 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0274 | |||
| Treynor Ratio | 0.2199 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amundi SP'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 SP Global Backtested Returns
We consider Amundi SP very steady. Amundi SP Global secures Sharpe Ratio (or Efficiency) of 0.0552, which signifies that the etf had a 0.0552% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Amundi SP Global, which you can use to evaluate the volatility of the entity. Please confirm Amundi SP's Mean Deviation of 0.8725, risk adjusted performance of 0.0512, and Downside Deviation of 1.46 to double-check if the risk estimate we provide is consistent with the expected return of 0.0717%. The etf shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Amundi SP's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amundi SP is expected to be smaller as well.
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 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd 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 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 | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Amundi SP in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Amundi SP's short interest history, or implied volatility extrapolated from Amundi SP options trading.
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Check out Amundi SP Correlation, Amundi SP Volatility and Amundi SP Alpha and Beta module to complement your research on Amundi SP. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Amundi SP 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.