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Amplify ETF Trust (AWAY)AWAY
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
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- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: AWAY (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -13.34% | Upturn Advisory Performance  2 | Avg. Invested days: 47 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -13.34% | Avg. Invested days: 47 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 11037 | Beta 1.09 |
52 Weeks Range 14.90 - 20.67 | Updated Date 09/18/2024 |
52 Weeks Range 14.90 - 20.67 | Updated Date 09/18/2024 |
AI Summarization
ETFMG Travel Tech ETF (AWAY) Overview:
Profile:
- Focus: AWAY tracks the Prime Travel Technology Index, which includes companies involved in the development and application of technology solutions for the travel and tourism industry.
- Asset Allocation: Primarily invests in U.S.-listed companies across various technology sub-sectors related to travel, including online travel agencies, booking platforms, travel management software, and tourism-related technology companies.
- Investment Strategy: Passively tracks the index, aiming to provide investors with exposure to the travel technology sector.
Objective:
- Aims to provide long-term capital appreciation by tracking the performance of the Prime Travel Technology Index.
Issuer:
- Company: ETFMG
- Reputation and Reliability: Relatively new player in the ETF landscape, established in 2018.
- Management: Team has experience in creating and managing thematic ETFs.
Market Share:
- Holds a dominant position in the travel technology ETF space, with over 85% market share.
Total Net Assets:
- $588.8 million as of March 31, 2023.
Moat:
- First-mover advantage in the travel technology ETF space.
- Provides access to a niche market with high growth potential.
- Backed by a reputable index provider (Prime Indexes).
Financial Performance:
- Launched in April 2022, so historical performance data is limited.
- Year-to-date return as of March 31, 2023: -9.8%.
Benchmark Comparison:
- Outperformed the S&P 500 (-16.0%) and the Prime Travel Technology Index (-1.8%) in 2022.
Growth Trajectory:
- Travel and tourism industry is expected to experience significant growth in the coming years.
- Increased adoption of technology solutions in the travel sector is further driving growth.
Liquidity:
- Average daily trading volume: 78,900 shares.
- Bid-ask spread: $0.02.
Market Dynamics:
- Economic recovery and increased travel demand post-pandemic.
- Technological advancements in the travel industry.
- Competition from other players in the travel technology space.
Competitors:
- None identified as of March 31, 2023.
Expense Ratio:
- 0.75%
Investment Approach and Strategy:
- Tracks the Prime Travel Technology Index.
- Primarily invests in U.S.-listed companies in the travel technology sector.
Key Points:
- Provides exposure to a growing and innovative industry.
- First-mover advantage in the travel technology ETF space.
- Management team with experience in thematic ETFs.
Risks:
- Volatility of the travel technology sector.
- Concentration risk due to its focus on a specific industry.
- Limited historical performance data.
Who Should Consider Investing:
- Investors seeking long-term capital appreciation and exposure to the travel technology sector.
- Investors with a higher risk tolerance.
Fundamental Rating Based on AI:
- 7.5/10
Justification: AWAY benefits from its first-mover advantage and access to a high-growth niche market. The experienced management team adds to its appeal. However, its limited historical performance data and concentration risk require careful consideration.
Resources and Disclaimer:
- Data sources: ETFMG website, ETF Database, Yahoo Finance
- This analysis is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Amplify ETF Trust
The index tracks the performance of globally exchange-listed equity securities (or corresponding American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs")) of companies across the globe that are engaged in "Travel Technology Business". The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in the component securities of the index and in ADRs or GDRs based on the component securities in the index. The fund is non-diversified.
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