Amplify ETF Correlations

ITEQ Etf

USD 50.89 0.03 0.06%

The current 90-days correlation between Amplify ETF Trust and VanEck Israel ETF is 0.91 (i.e., Almost no diversification). The correlation of Amplify ETF 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 ETF Correlation With Market

Good diversification

The correlation between Amplify ETF Trust and DJI is -0.12 (i.e., Good 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 Risk vs Return Analysis 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 income.

To learn how to invest in Amplify Etf, please use our How to Invest in Amplify ETF guide.

Moving together with Amplify Etf

0.77	XLK	Technology Select Sector	Pair Corr
0.78	IYW	iShares Technology ETF	Pair Corr
0.7	SMH	VanEck Semiconductor ETF	Pair Corr
0.7	SOXX	iShares Semiconductor ETF	Pair Corr
0.87	CIBR	First Trust NASDAQ	Pair Corr
0.74	FTEC	Fidelity MSCI Information	Pair Corr
0.9	IGV	iShares Expanded Tech	Pair Corr
0.84	FDN	First Trust Dow	Pair Corr
0.87	IGM	iShares Expanded Tech	Pair Corr
0.76	VTI	Vanguard Total Stock	Pair Corr
0.71	VBK	Vanguard Small Cap	Pair Corr
0.77	AXP	American Express	Pair Corr
0.87	JPM	JPMorgan Chase	Pair Corr
0.79	BAC	Bank of America	Pair Corr
0.79	WMT	Walmart	Pair Corr
0.73	BA	Boeing	Pair Corr

Moving against Amplify Etf

0.89	FNGD	MicroSectors FANG Index	Pair Corr
0.51	MRK	Merck Company	Pair Corr
0.46	TRV	The Travelers Companies	Pair Corr
0.4	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	ISRA	EIS	IZRL	DTEC	XITK
ISRA		0.99	0.97	0.89	0.86	ISRA
EIS	0.99		0.95	0.83	0.81	EIS
IZRL	0.97	0.95		0.89	0.9	IZRL
DTEC	0.89	0.83	0.89		0.94	DTEC
XITK	0.86	0.81	0.9	0.94		XITK
	ISRA	EIS	IZRL	DTEC	XITK

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ISRA	0.89	(0.01)	0.06	(0.01)	1.04	(0.99)	1.68	(1.53)	4.57
EIS	1.04	0.00	0.06	(0.07)	1.18	(1.11)	2.04	(1.93)	4.85
IZRL	1.16	0.01	0.06	(0.17)	1.42	(1.21)	2.41	(2.53)	6.45
DTEC	0.82	(0.05)	0.00	(8.27)	0.00	0.00	1.80	(1.63)	5.19
XITK	1.31	(0.09)	0.00	1.49	0.00	0.00	2.14	(3.07)	7.37

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