Amplify ETF Correlations

Etfs . USA . 
Etf . Amplify ETF Trust
AIEQ Etf  USD 41.60  0.15  0.36%   
The current 90-days correlation between Amplify ETF Trust and Robo Global Robotics is 0.85 (i.e., Very poor 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 0.11 (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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amplify ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Amplify Etf, please use our How to Invest in Amplify ETF guide.

Moving together with Amplify Etf

  0.75VUG Vanguard Growth IndexPairCorr
  0.75IWF iShares Russell 1000PairCorr
  0.74IVW iShares SP 500PairCorr
  0.74SPYG SPDR Portfolio SPPairCorr
  0.77IUSG iShares Core SPPairCorr
  0.75VONG Vanguard Russell 1000PairCorr
  0.72MGK Vanguard Mega CapPairCorr
  0.73VRGWX Vanguard Russell 1000PairCorr
  0.74QQQM Invesco NASDAQ 100PairCorr
  0.68IWY iShares Russell TopPairCorr
  0.71JAVA JPMorgan Active ValuePairCorr
  0.73JPM JPMorgan ChasePairCorr
  0.72HD Home DepotPairCorr
  0.77AXP American ExpressPairCorr
  0.68T ATT Inc Earnings Call This WeekPairCorr
  0.76CSCO Cisco SystemsPairCorr
  0.76WMT Walmart Aggressive PushPairCorr

Moving against Amplify Etf

  0.34CEF Sprott Physical GoldPairCorr
  0.57PFE Pfizer Inc Earnings Call This WeekPairCorr
  0.36JNJ Johnson JohnsonPairCorr
  0.32MRK Merck Company Earnings Call This WeekPairCorr

Related Correlations Analysis

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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   
ROBT
+ 0.91
BOTZ
ROBT
+ 0.88
MILN
BOTZ
+ 0.86
ROBO
ROBT
+ 0.83
ROBO
MILN
+ 0.67
ROBO
MILN
+ 0.67
BOTZ
  
High negative correlations   
IRBO
- 0.62
ROBO
IRBO
- 0.47
MILN
IRBO
- 0.43
ROBT
IRBO
- 0.41
BOTZ

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.

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