Amplify Online Correlations

IBUY Etf

USD 68.43 0.42 0.62%

The current 90-days correlation between Amplify Online Retail and ProShares Online Retail is 0.78 (i.e., Poor diversification). The correlation of Amplify Online is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Amplify Online Correlation With Market

Poor diversification

The correlation between Amplify Online Retail and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Online Retail and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Amplify Online Retail. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Amplify Etf

0.95	XLY	Consumer Discretionary	Pair Corr
0.95	VCR	Vanguard Consumer	Pair Corr
0.95	FDIS	Fidelity MSCI Consumer	Pair Corr
0.96	IYC	iShares Consumer Dis	Pair Corr
0.96	PEJ	Invesco Dynamic Leisure	Pair Corr
0.93	FXD	First Trust Consumer	Pair Corr
0.96	RCD	Invesco SP 500	Pair Corr
0.82	XRT	SPDR SP Retail Sell-off Trend	Pair Corr
0.9	DSJA	DSJA	Pair Corr
0.86	RSPY	Tuttle Capital Management	Pair Corr
0.82	MEME	Roundhill Investments	Pair Corr
0.85	ITDD	iShares Trust	Pair Corr
0.95	EOS	Eaton Vance Enhanced	Pair Corr
0.83	ETH	Grayscale Ethereum Mini	Pair Corr
0.66	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.95	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.89	WMT	Walmart Aggressive Push	Pair Corr
0.78	HPQ	HP Inc	Pair Corr
0.87	HD	Home Depot	Pair Corr
0.95	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.83	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.79	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.86	BAC	Bank of America Aggressive Push	Pair Corr
0.89	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.88	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.77	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.84	DIS	Walt Disney Sell-off Trend	Pair Corr

Moving against Amplify Etf

0.83	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.69	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	ONLN	WCLD	IPAY	CLOU	EBIZ
ONLN		0.57	0.59	0.61	0.95	ONLN
WCLD	0.57		0.97	1.0	0.68	WCLD
IPAY	0.59	0.97		0.97	0.7	IPAY
CLOU	0.61	1.0	0.97		0.71	CLOU
EBIZ	0.95	0.68	0.7	0.71		EBIZ
	ONLN	WCLD	IPAY	CLOU	EBIZ

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Amplify Online Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify Online 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 Online'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
ONLN	1.05	0.14	0.12	0.29	0.81	(1.23)	2.82	(1.74)	5.36
WCLD	1.03	0.17	0.18	0.25	0.83	(1.23)	2.41	(2.08)	7.45
IPAY	1.00	0.31	0.17	(2.81)	0.71	(1.23)	2.20	(1.62)	7.59
CLOU	0.95	0.17	0.17	0.28	0.77	(1.10)	2.41	(1.65)	5.33
EBIZ	0.97	0.25	0.10	(5.36)	0.85	(1.06)	2.31	(1.63)	5.76

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