Amplify Correlations
| XBUY Etf | USD 22.50 0.00 0.00% |
The correlation of Amplify 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 Correlation With Market
Average diversification
The correlation between Amplify and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify and DJI in the same portfolio, assuming nothing else is changed.
Amplify |
Moving together with Amplify Etf
| 0.72 | MAGS | Roundhill Magnificent | PairCorr |
| 0.65 | ENTR | ERShares Entrepreneurs Symbol Change | PairCorr |
| 0.62 | AXP | American Express Earnings Call Tomorrow | PairCorr |
Moving against Amplify Etf
| 0.69 | GREI | Goldman Sachs Future | PairCorr |
| 0.54 | DGS | WisdomTree Emerging | PairCorr |
| 0.52 | XSOE | WisdomTree Emerging | PairCorr |
| 0.51 | EMXC | iShares MSCI Emerging | PairCorr |
| 0.5 | IEMG | iShares Core MSCI | PairCorr |
| 0.49 | EEM | iShares MSCI Emerging Aggressive Push | PairCorr |
| 0.49 | FNDE | Schwab Fundamental | PairCorr |
| 0.47 | ESGE | iShares ESG Aware | PairCorr |
| 0.44 | VWO | Vanguard FTSE Emerging Sell-off Trend | PairCorr |
| 0.44 | EMC | Global X Funds | PairCorr |
| 0.42 | SPEM | SPDR Portfolio Emerging | PairCorr |
| 0.56 | TRV | The Travelers Companies | PairCorr |
| 0.55 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.54 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.48 | INTC | Intel Earnings Call Today | PairCorr |
| 0.47 | AA | Alcoa Corp | PairCorr |
| 0.46 | PG | Procter Gamble | PairCorr |
| 0.43 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.42 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.4 | MCD | McDonalds Fiscal Year End 3rd of February 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
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Amplify Constituents Risk-Adjusted Indicators
There is a big difference between Amplify Etf performing well and Amplify 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DTOX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EASI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EMFQ | 1.04 | 0.03 | 0.01 | 0.31 | 1.39 | 2.23 | 5.93 | |||
| XBUY | 1.09 | 0.09 | 0.05 | 0.48 | 1.14 | 2.21 | 5.76 | |||
| SOF | 0.01 | 0.01 | (0.77) | (3.36) | 0.00 | 0.05 | 0.09 | |||
| GERM | 1.14 | (0.04) | 0.00 | (0.06) | 0.00 | 2.59 | 6.76 | |||
| YYY | 0.44 | 0.00 | (0.04) | (0.02) | 0.58 | 0.93 | 2.89 | |||
| YESR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Amplify Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Amplify etf to make a market-neutral strategy. Peer analysis of Amplify could also be used in its relative valuation, which is a method of valuing Amplify by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |