Amplify ETF Correlations

Etfs . USA . 
Etf . Amplify ETF Trust
ETHO Etf  USD 60.21  0.02  0.03%   
The current 90-days correlation between Amplify ETF Trust and Change Finance Diversified is 0.92 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify ETF Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify ETF Correlation With Market

Modest diversification

The correlation between Amplify ETF Trust and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify ETF Trust 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 ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.
To learn how to invest in Amplify Etf, please use our How to Invest in Amplify ETF guide.

Moving together with Amplify Etf

  0.96VO Vanguard Mid CapPairCorr
  0.97VXF Vanguard Extended MarketPairCorr
  0.97IJH iShares Core SPPairCorr
  0.97IWR iShares Russell MidPairCorr
  0.97MDY SPDR SP MIDCAPPairCorr
  0.96FV First Trust DorseyPairCorr
  0.97IVOO Vanguard SP MidPairCorr
  0.96JHMM John Hancock MultifactorPairCorr
  0.99BBMC JPMorgan BetaBuilders MidPairCorr
  0.98XMMO Invesco SP MidCapPairCorr
  0.78HUM Humana Inc Fiscal Year End 23rd of January 2025 PairCorr
  0.92VTI Vanguard Total StockPairCorr
  0.75T ATT Inc Sell-off TrendPairCorr
  0.8JPM JPMorgan Chase Earnings Call This WeekPairCorr
  0.72CSCO Cisco SystemsPairCorr
  0.7CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.68WMT Walmart Aggressive PushPairCorr
  0.66HD Home DepotPairCorr

Moving against Amplify Etf

  0.53FNGD MicroSectors FANG IndexPairCorr
  0.33IGLD FT Cboe VestPairCorr
  0.53KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.45MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.39JNJ Johnson Johnson Fiscal Year End 28th of January 2025 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   
SPYX
+ 0.93
CRBN
CRBN
+ 0.88
CHGX
SPYX
+ 0.8
CHGX
ESGS
+ 0.36
SPYX
ESGS
+ 0.17
CRBN
  
High negative correlations   
EEMX
- 0.62
SPYX
EEMX
- 0.5
ESGS
EEMX
- 0.33
CRBN
EEMX
- 0.27
CHGX
ESGS
- 0.06
CHGX

Amplify ETF Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify ETF 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 ETF'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY