Amplify Digital Competition
| IPAY Etf | USD 48.99 0.39 0.80% |
Amplify Digital vs OneAscent International Correlation
Good diversification
The correlation between Amplify Digital Payments and OAIM is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Digital Payments and OAIM in the same portfolio, assuming nothing else is changed.
Moving against Amplify Etf
Amplify Digital Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Amplify Digital and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Amplify and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Amplify Digital Payments does not affect the price movement of the other competitor.
High positive correlations
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Amplify Digital Constituents Risk-Adjusted Indicators
There is a big difference between Amplify Etf performing well and Amplify Digital 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 Digital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FCPI | 0.56 | 0.01 | (0.04) | 0.39 | 0.78 | 0.95 | 3.30 | |||
| SGDJ | 2.19 | 0.55 | 0.14 | 0.55 | 2.96 | 5.13 | 20.15 | |||
| HOLA | 0.46 | 0.08 | 0.06 | 11.49 | 0.47 | 0.89 | 2.58 | |||
| BINT | 0.54 | 0.06 | 0.05 | 0.13 | 0.71 | 1.06 | 2.95 | |||
| LCTD | 0.60 | 0.06 | 0.06 | 0.12 | 0.66 | 1.20 | 3.13 | |||
| ISCB | 0.82 | 0.04 | 0.01 | 0.22 | 0.88 | 1.65 | 4.08 | |||
| CHIQ | 0.98 | (0.17) | 0.00 | (0.92) | 0.00 | 1.47 | 6.15 | |||
| KBWY | 0.75 | 0.07 | 0.04 | 0.45 | 0.74 | 1.47 | 4.98 | |||
| UWM | 1.79 | 0.04 | 0.04 | 0.06 | 2.23 | 3.64 | 9.10 | |||
| OAIM | 0.54 | 0.09 | 0.08 | 0.88 | 0.51 | 0.99 | 3.51 |
Amplify Digital Competitive Analysis
The better you understand Amplify Digital competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Amplify Digital's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Amplify Digital's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Amplify Digital Competition Performance Charts
Five steps to successful analysis of Amplify Digital Competition
Amplify Digital's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Amplify Digital Payments in relation to its competition. Amplify Digital's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Amplify Digital in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Amplify Digital's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Amplify Digital Payments, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Amplify Digital Correlation with its peers. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
The market value of Amplify Digital Payments is measured differently than its book value, which is the value of Amplify that is recorded on the company's balance sheet. Investors also form their own opinion of Amplify Digital's value that differs from its market value or its book value, called intrinsic value, which is Amplify Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Amplify Digital's market value can be influenced by many factors that don't directly affect Amplify Digital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Amplify Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, Amplify Digital's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.