Amplify Transformational Correlations
| BLOK Etf | USD 39.43 0.29 0.73% |
The current 90-days correlation between Amplify Transformational and Siren Nasdaq NexGen is 0.9 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify Transformational moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify Transformational Data moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Amplify Transformational Correlation With Market
Very weak diversification
The correlation between Amplify Transformational Data and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Transformational Data and DJI in the same portfolio, assuming nothing else is changed.
Amplify |
Moving together with Amplify Etf
| 0.82 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.91 | BITO | ProShares Bitcoin | PairCorr |
| 0.91 | BLCN | Siren Nasdaq NexGen | PairCorr |
| 0.94 | BITQ | Bitwise Crypto Industry | PairCorr |
| 0.97 | SPBC | Simplify Equity PLUS | PairCorr |
| 0.91 | BTC | Grayscale Bitcoin Mini | PairCorr |
| 0.92 | DAPP | VanEck Digital Trans | PairCorr |
| 0.94 | CRPT | First Trust SkyBridge | PairCorr |
| 0.64 | USD | ProShares Ultra Semi | PairCorr |
| 0.81 | FNGO | MicroSectors FANG Index | PairCorr |
| 0.68 | HPQ | HP Inc Sell-off Trend | PairCorr |
| 0.63 | CAT | Caterpillar | PairCorr |
| 0.81 | HD | Home Depot | PairCorr |
Moving against Amplify Etf
| 0.59 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.47 | JNJ | Johnson Johnson | PairCorr |
| 0.47 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.42 | PG | Procter Gamble | PairCorr |
| 0.41 | T | ATT Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Amplify Transformational Constituents Risk-Adjusted Indicators
There is a big difference between Amplify Etf performing well and Amplify Transformational ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Amplify Transformational's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BLCN | 1.78 | (0.35) | 0.00 | (0.29) | 0.00 | 3.12 | 12.20 | |||
| LEGR | 0.65 | 0.11 | 0.13 | 0.13 | 0.69 | 1.34 | 4.17 | |||
| KOIN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARKF | 2.02 | (0.04) | 0.00 | (0.05) | 0.00 | 3.61 | 11.54 | |||
| ETHE | 3.43 | (0.82) | 0.00 | (1.15) | 0.00 | 5.59 | 24.92 |