Amplify CWP Correlations

DIVO Etf

USD 41.20 0.51 1.25%

The current 90-days correlation between Amplify CWP Enhanced and NEOS ETF Trust is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify CWP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify CWP Enhanced moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify CWP Correlation With Market

Very poor diversification

The correlation between Amplify CWP Enhanced and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify CWP Enhanced and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Amplify CWP Enhanced. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Amplify Etf

0.93	JEPI	JPMorgan Equity Premium	Pair Corr
0.76	XYLD	Global X SP	Pair Corr
0.71	RYLD	Global X Russell	Pair Corr
0.62	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.62	KNG	FT Cboe Vest	Pair Corr
0.88	BUYW	Main Buywrite ETF	Pair Corr
0.77	DUSL	Direxion Daily Indus	Pair Corr
0.62	SPXL	Direxion Daily SP500 Sell-off Trend	Pair Corr
0.62	UPRO	ProShares UltraPro SP500	Pair Corr
0.66	HD	Home Depot	Pair Corr
0.64	AXP	American Express Sell-off Trend	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.71	GE	GE Aerospace	Pair Corr
0.85	WMT	Walmart Aggressive Push	Pair Corr
0.65	BAC	Bank of America Sell-off Trend	Pair Corr
0.63	MMM	3M Company	Pair Corr

Related Correlations Analysis

	NUSI	XYLD	RYLD	JEPI	JEPQ
NUSI		-0.48	-0.66	0.03	-0.64	NUSI
XYLD	-0.48		0.93	0.72	0.9	XYLD
RYLD	-0.66	0.93		0.65	0.95	RYLD
JEPI	0.03	0.72	0.65		0.63	JEPI
JEPQ	-0.64	0.9	0.95	0.63		JEPQ
	NUSI	XYLD	RYLD	JEPI	JEPQ

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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

JEPQ	+ 0.95	RYLD
RYLD	+ 0.93	XYLD
JEPQ	+ 0.9	XYLD
JEPI	+ 0.72	XYLD
JEPI	+ 0.65	RYLD
JEPQ	+ 0.63	JEPI

High negative correlations

RYLD	- 0.66	NUSI
JEPQ	- 0.64	NUSI
XYLD	- 0.48	NUSI

Amplify CWP Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify CWP 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 CWP'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NUSI	2.99	1.32	1.39	(0.80)	(3.69)	1.15	(1.86)	102.63
XYLD	0.53	0.01	0.00	(0.05)	0.00	1.21	(1.34)	4.46
RYLD	0.69	(0.04)	0.00	(0.12)	0.00	1.40	(2.17)	3.88
JEPI	0.52	0.00	0.00	(0.07)	0.00	0.91	(1.23)	2.61
JEPQ	0.84	(0.05)	0.00	(0.13)	0.00	1.43	(2.08)	5.39

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