Amplify High Correlations

YYY Etf

USD 11.88 0.02 0.17%

The current 90-days correlation between Amplify High Income and Invesco KBW High is 0.71 (i.e., Poor diversification). The correlation of Amplify High 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 High Correlation With Market

Weak diversification

The correlation between Amplify High Income and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify High Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Amplify High Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Amplify Etf

0.96	TDSC	Cabana Target Drawdown	Pair Corr
0.79	FVC	First Trust Dorsey	Pair Corr
0.89	TDSB	Cabana Target Drawdown	Pair Corr
0.94	GMOM	Cambria Global Momentum	Pair Corr
0.78	AGOX	Adaptive Alpha Oppor	Pair Corr
0.93	TACK	Fairlead Tactical Sector	Pair Corr
0.83	DALI	First Trust Dorsey	Pair Corr
0.68	SHNY	Microsectors Gold	Pair Corr
0.83	GDXU	MicroSectors Gold Miners	Pair Corr
0.63	GE	GE Aerospace	Pair Corr
0.73	JNJ	Johnson Johnson	Pair Corr
0.68	HD	Home Depot	Pair Corr
0.69	VZ	Verizon Communications Aggressive Push	Pair Corr
0.67	BAC	Bank of America	Pair Corr
0.66	DD	Dupont De Nemours	Pair Corr

Moving against Amplify Etf

0.66	WTID	UBS ETRACS	Pair Corr
0.42	MRK	Merck Company Aggressive Push	Pair Corr

Related Correlations Analysis

	KBWD	PCEF	SDIV	GYLD	DIV
KBWD		0.89	0.95	0.89	0.94	KBWD
PCEF	0.89		0.89	0.76	0.85	PCEF
SDIV	0.95	0.89		0.88	0.93	SDIV
GYLD	0.89	0.76	0.88		0.87	GYLD
DIV	0.94	0.85	0.93	0.87		DIV
	KBWD	PCEF	SDIV	GYLD	DIV

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Amplify High Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify High 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 High'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
KBWD	0.65	0.02	0.02	0.05	0.86	(0.72)	1.55	(1.27)	3.92
PCEF	0.40	0.01	0.01	0.05	0.59	(0.38)	0.90	(0.89)	2.40
SDIV	0.50	0.02	0.02	0.06	0.65	(0.54)	1.10	(0.91)	4.06
GYLD	0.50	0.02	0.02	0.08	0.66	(0.56)	1.06	(1.35)	2.60
DIV	0.55	0.00	0.00	0.00	0.85	(0.54)	1.25	(1.56)	3.02

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