Amplify ETF Trust - Amplify Samsung SOFR ETF
Amplify ETF Trust - Amplify Samsung SOFR ETF (SOFR) Stock Overview
Explore Amplify ETF Trust - Amplify Samsung SOFR ETF’s financial performance, market position, analyst ratings, and future outlook.
SOFR Stock Analysis & Investment Overview
Our comprehensive AI-powered analysis of Amplify ETF Trust - Amplify Samsung SOFR ETF (SOFR) provides investors with deep insights into the stock's performance, growth potential, and market positioning. With a Meyka AI Score of B+, this stock demonstrates moderate investment characteristics based on our advanced machine learning models.
Our forecasting models predict significant price movements, with a 12-month target of $100.09.
Key financial metrics showcase the company's fundamental strength, including a P/E ratio of N/A and a market capitalization of 0. These metrics, combined with our AI analysis, provide a comprehensive view for both institutional and retail investors.
Company Profile
SOFR aims to mirror the returns of the Secured Overnight Financing Rate, a primary overnight borrowing benchmark, by mainly investing in repurchase agreements with institutions deemed to be creditworthy. In repos, the fund procures predetermined collateral investments, including cash or high-quality investment instruments such as US government securities, money market funds, or corporate debt securities that are rated investment-grade. Additionally, SOFR may engage in OTC swap agreements and acquire short-term notes in certain circumstances. Samsung Asset Management, the sub-adviser, plays a critical role in selecting these investments. However, the overall investment strategy and decision-making are overseen by the primary adviser. The goal is to generate monthly income through a proactive investment management approach, providing investors with indirect exposure to the secure and liquid treasury-backed repo market. Before September 26, 2024, the fund traded under the ticker SOF.
2023