Amplify BlackSwan Correlations

SWAN Etf

USD 29.19 0.05 0.17%

The current 90-days correlation between Amplify BlackSwan Growth and WisdomTree 9060 Balanced is 0.93 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify BlackSwan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify BlackSwan Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify BlackSwan Correlation With Market

Poor diversification

The correlation between Amplify BlackSwan Growth and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify BlackSwan Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Amplify BlackSwan Growth. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Amplify Etf

0.86	ACIO	Aptus Collared Income	Pair Corr
0.85	ADME	Aptus Drawdown Managed	Pair Corr
0.85	PHDG	Invesco SP 500	Pair Corr
0.87	MSTB	ETF Series Solutions	Pair Corr
0.88	HEGD	Swan Hedged Equity	Pair Corr
0.9	HEQT	Simplify Exchange Traded	Pair Corr
0.88	GTR	WisdomTree Target Range	Pair Corr
0.85	VTI	Vanguard Total Stock	Pair Corr
0.87	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.87	IVV	iShares Core SP	Pair Corr
0.68	VTV	Vanguard Value Index	Pair Corr
0.78	VUG	Vanguard Growth Index	Pair Corr
0.83	VO	Vanguard Mid Cap	Pair Corr
0.72	VB	Vanguard Small Cap	Pair Corr
0.73	JPM	JPMorgan Chase	Pair Corr
0.64	BA	Boeing	Pair Corr
0.66	BAC	Bank of America Aggressive Push	Pair Corr
0.74	DIS	Walt Disney	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.73	HD	Home Depot	Pair Corr

Moving against Amplify Etf

0.39	CCOR	Core Alternative ETF Potential Growth	Pair Corr
0.4	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.01	0.57	-0.52	0.29	0.43	0.3	0.91	-0.73	-0.04	META
MSFT	-0.01		-0.6	-0.02	-0.8	0.72	0.88	0.12	0.42	-0.56	MSFT
UBER	0.57	-0.6		-0.23	0.81	-0.28	-0.52	0.54	-0.84	0.57	UBER
F	-0.52	-0.02	-0.23		0.06	-0.14	-0.2	-0.41	0.44	0.42	F
T	0.29	-0.8	0.81	0.06		-0.6	-0.72	0.19	-0.65	0.61	T
A	0.43	0.72	-0.28	-0.14	-0.6		0.82	0.57	0.13	-0.38	A
CRM	0.3	0.88	-0.52	-0.2	-0.72	0.82		0.35	0.22	-0.62	CRM
JPM	0.91	0.12	0.54	-0.41	0.19	0.57	0.35		-0.63	0.0	JPM
MRK	-0.73	0.42	-0.84	0.44	-0.65	0.13	0.22	-0.63		-0.35	MRK
XOM	-0.04	-0.56	0.57	0.42	0.61	-0.38	-0.62	0.0	-0.35		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	+ 0.91	META
CRM	+ 0.88	MSFT
CRM	+ 0.82	A
T	+ 0.81	UBER
A	+ 0.72	MSFT
XOM	+ 0.61	T

High negative correlations

MRK	- 0.84	UBER
T	- 0.8	MSFT
MRK	- 0.73	META
CRM	- 0.72	T
MRK	- 0.65	T
MRK	- 0.63	JPM

Amplify BlackSwan Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify BlackSwan 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 BlackSwan'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	0.03	0.01	0.02	2.30	(1.45)	2.96	(3.73)	8.90
MSFT	1.11	(0.21)	0.00	(0.24)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.89	0.35	0.15	0.55	2.08	(2.07)	4.72	(3.13)	12.75
F	1.44	0.10	0.05	0.09	2.16	(1.40)	2.71	(2.88)	10.14
T	0.99	0.29	0.17	0.54	1.45	(1.12)	1.90	(1.55)	11.66
A	1.16	(0.19)	0.00	(0.18)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.40	(0.29)	0.00	(0.24)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.14	0.06	0.03	0.24	1.76	(1.09)	2.16	(3.35)	6.85
MRK	1.24	(0.18)	0.00	1.61	0.00	0.00	2.07	(2.25)	11.58
XOM	1.03	0.13	0.09	0.29	1.29	(1.05)	2.55	(2.36)	5.89

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