Amplify ETF Correlations
| NDIV Etf | USD 28.58 0.13 0.46% |
The current 90-days correlation between Amplify ETF Trust and Amplify International Enhanced is 0.56 (i.e., Very weak 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
Average diversification
The correlation between Amplify ETF Trust and DJI is 0.1 (i.e., Average 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.
Amplify |
Moving together with Amplify Etf
| 0.65 | VAW | Vanguard Materials Index | PairCorr |
| 0.75 | XME | SPDR SP Metals | PairCorr |
| 0.7 | PHO | Invesco Water Resources | PairCorr |
| 0.61 | MOO | VanEck Agribusiness ETF | PairCorr |
| 0.61 | FXZ | First Trust Materials | PairCorr |
| 0.71 | FIW | First Trust Water | PairCorr |
| 0.7 | SNPD | DBX ETF Trust | PairCorr |
| 0.81 | EVUS | iShares ESG Aware | PairCorr |
| 0.61 | GREI | Goldman Sachs Future | PairCorr |
| 0.94 | XOP | SPDR SP Oil | PairCorr |
| 0.67 | HD | Home Depot | PairCorr |
| 0.76 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.68 | AA | Alcoa Corp Earnings Call This Week | PairCorr |
| 0.71 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.79 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.71 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Amplify Etf
| 0.65 | BA | Boeing Fiscal Year End 29th 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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IDVO | 0.52 | 0.00 | 0.00 | 0.64 | 0.76 | 0.94 | 4.30 | |||
| DIVO | 0.45 | (0.01) | (0.01) | (0.04) | 0.56 | 0.94 | 4.86 | |||
| YYY | 0.42 | (0.04) | 0.00 | (0.22) | 0.00 | 0.69 | 2.89 | |||
| ISWN | 0.50 | (0.16) | 0.00 | (1.60) | 0.00 | 0.69 | 3.65 | |||
| LQDW | 0.23 | (0.05) | 0.00 | (0.64) | 0.00 | 0.50 | 1.82 |