Amundi SP (France) Market Value
| BYBU Etf | USD 286.55 1.10 0.38% |
| 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.
| 03/24/2024 |
| 05/23/2024 |
If you would invest 0.00 in Amundi SP on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Amundi SP 500 or generate 0.0% return on investment in Amundi SP over 60 days. Amundi SP is related to or competes with Dassault Systemes, BNP Paribas, Verallia, and BNP Paribas. To track the performance of SP 500 Buyback Index, and to minimize the tracking error between the net asset value of the ... 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 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7236 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.26 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.01 |
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 | 0.0327 | |||
| Jensen Alpha | 0.0282 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (2.27) |
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 500 Backtested Returns
We consider Amundi SP very steady. Amundi SP 500 secures Sharpe Ratio (or Efficiency) of 0.0322, which signifies that the etf had a 0.0322% return per unit of risk over the last 3 months. We have found thirty technical indicators for Amundi SP 500, which you can use to evaluate the volatility of the entity. Please confirm Amundi SP's Downside Deviation of 0.7236, mean deviation of 0.5622, and Risk Adjusted Performance of 0.0327 to double-check if the risk estimate we provide is consistent with the expected return of 0.0225%. The etf shows a Beta (market volatility) of -0.0121, 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 | -0.83 |
Excellent reverse predictability
Amundi SP 500 has excellent reverse predictability. Overlapping area represents the amount of predictability between Amundi SP time series from 24th of March 2024 to 23rd of April 2024 and 23rd of April 2024 to 23rd 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 500 price movement. The serial correlation of -0.83 indicates that around 83.0% of current Amundi SP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 7.16 |
Amundi SP 500 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 500.
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.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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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.