Amplify International Correlations

IDVO Etf

USD 32.43 0.04 0.12%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify International Enhanced moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify International Correlation With Market

Good diversification

The correlation between Amplify International Enhanced and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify International Enhanced 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 International 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

0.92	VEA	Vanguard FTSE Developed	Pair Corr
0.92	IEFA	iShares Core MSCI	Pair Corr
0.92	VEU	Vanguard FTSE All	Pair Corr
0.91	EFA	iShares MSCI EAFE	Pair Corr
0.93	IXUS	iShares Core MSCI	Pair Corr
0.93	SPDW	SPDR SP World	Pair Corr
0.92	IDEV	iShares Core MSCI	Pair Corr
0.91	ESGD	iShares ESG Aware	Pair Corr
0.92	JIRE	JP Morgan Exchange	Pair Corr
0.91	DFAX	Dimensional World	Pair Corr
0.7	GDXU	MicroSectors Gold Miners	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr
0.66	MCD	McDonalds	Pair Corr
0.64	VZ	Verizon Communications Aggressive Push	Pair Corr
0.62	GE	GE Aerospace	Pair Corr
0.63	INTC	Intel	Pair Corr

Moving against Amplify Etf

0.61	MRK	Merck Company	Pair Corr
0.5	CAT	Caterpillar	Pair Corr
0.38	AXP	American Express	Pair Corr
0.37	HPQ	HP Inc Sell-off Trend	Pair Corr
0.37	DIS	Walt Disney	Pair Corr
0.36	HD	Home Depot	Pair Corr
0.34	BAC	Bank of America	Pair Corr
0.34	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.05	0.49	-0.54	0.22	0.44	0.35	0.9	-0.65	-0.12	META
MSFT	0.05		-0.59	-0.07	-0.81	0.78	0.88	0.19	0.41	-0.57	MSFT
UBER	0.49	-0.59		-0.14	0.82	-0.35	-0.52	0.48	-0.84	0.54	UBER
F	-0.54	-0.07	-0.14		0.12	-0.2	-0.26	-0.42	0.42	0.48	F
T	0.22	-0.81	0.82	0.12		-0.65	-0.73	0.15	-0.68	0.64	T
A	0.44	0.78	-0.35	-0.2	-0.65		0.85	0.56	0.21	-0.46	A
CRM	0.35	0.88	-0.52	-0.26	-0.73	0.85		0.39	0.27	-0.65	CRM
JPM	0.9	0.19	0.48	-0.42	0.15	0.56	0.39		-0.6	-0.03	JPM
MRK	-0.65	0.41	-0.84	0.42	-0.68	0.21	0.27	-0.6		-0.36	MRK
XOM	-0.12	-0.57	0.54	0.48	0.64	-0.46	-0.65	-0.03	-0.36		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.9	META
CRM	+ 0.88	MSFT
CRM	+ 0.85	A
T	+ 0.82	UBER
A	+ 0.78	MSFT
XOM	+ 0.64	T

High negative correlations

MRK	- 0.84	UBER
T	- 0.81	MSFT
CRM	- 0.73	T
MRK	- 0.68	T
XOM	- 0.65	CRM
A	- 0.65	T

Amplify International Competition Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify International 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 International'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
META	1.63	0.06	0.02	0.02	2.26	(1.45)	2.96	(3.73)	8.90
MSFT	1.07	(0.14)	0.00	(0.19)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.92	0.32	0.15	3.02	2.11	(2.12)	4.72	(3.13)	12.75
F	1.45	0.12	0.05	0.07	2.22	(1.39)	2.71	(2.89)	10.14
T	0.99	0.37	0.23	0.68	1.40	(1.16)	1.99	(1.21)	11.66
A	1.13	(0.14)	0.00	(0.16)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.39	(0.25)	0.00	(0.22)	0.00	0.00	2.72	(3.53)	8.88
JPM	1.09	0.15	0.10	0.40	1.55	(1.09)	2.16	(1.98)	6.85
MRK	1.22	(0.16)	0.00	0.35	0.00	0.00	2.07	(2.25)	11.58
XOM	1.01	0.19	0.14	0.38	1.23	(1.06)	2.55	(2.36)	5.89

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