Amplitude Correlations

AMPL Stock

USD 7.16 0.02 0.28%

The current 90-days correlation between Amplitude and Fastly Class A is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplitude moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplitude moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplitude Correlation With Market

Very good diversification

The correlation between Amplitude and DJI is -0.4 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplitude and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amplitude Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amplitude. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Amplitude Stock please use our How to buy in Amplitude Stock guide.

Moving together with Amplitude Stock

0.94	U	Unity Software	Pair Corr
0.68	BGE	Bridge Saas	Pair Corr
0.72	9NY	BYTES TECHGRP LS	Pair Corr
0.95	BL	Blackline	Pair Corr
0.82	DT	Dynatrace Holdings LLC	Pair Corr
0.92	DV	DoubleVerify Holdings	Pair Corr
0.86	35U	PAR TECHNOLOGY DL Earnings Call This Week	Pair Corr
0.87	MQ	Marqeta	Pair Corr
0.81	PD	Pagerduty	Pair Corr
0.61	QH	Quhuo	Pair Corr
0.61	VS	Versus Systems	Pair Corr
0.88	WK	Workiva	Pair Corr
0.73	DMRC	Digimarc	Pair Corr
0.9	RM	RM Plc	Pair Corr
0.77	2TY	PagerDuty	Pair Corr
0.92	DOCU	DocuSign	Pair Corr
0.61	DOMO	Domo Inc Downward Rally	Pair Corr
0.65	1Q5	Dropbox	Pair Corr
0.85	VERI	Veritone	Pair Corr
0.93	VERX	Vertex	Pair Corr
0.92	6NCA	NCINO INC DL	Pair Corr
0.94	DSGX	Descartes Systems	Pair Corr
0.74	LY0	Lyft Inc	Pair Corr
0.72	0M5	Bill Holdings	Pair Corr
0.64	AN5	Alpha Systems	Pair Corr

Moving against Amplitude Stock

0.9	60Z	UNIFIEDPOST GRP SANV Earnings Call This Week	Pair Corr
0.8	DSG	Dillistone Group PLC	Pair Corr
0.67	JG	Aurora Mobile	Pair Corr
0.63	RNI	OXFORD METRICS LS	Pair Corr
0.39	XV7	SERESCO 16	Pair Corr
0.35	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.32	TRB	Tribal Group plc	Pair Corr
0.59	89P	CLAVISTER HOLDING	Pair Corr
0.57	MKQ	Mitek Systems	Pair Corr
0.56	EGHT	8x8 Common Stock	Pair Corr

Related Correlations Analysis

	FSLY	PAR	KARO	VMEO	ALIT	YALA	HKD	RZLV	KDK	UCTT
FSLY		-0.27	-0.13	-0.1	-0.04	0.28	0.47	-0.36	-0.27	0.11	FSLY
PAR	-0.27		-0.55	-0.24	0.66	-0.18	-0.07	0.49	-0.01	-0.77	PAR
KARO	-0.13	-0.55		0.61	-0.5	0.4	-0.12	-0.29	0.4	0.63	KARO
VMEO	-0.1	-0.24	0.61		-0.4	0.21	-0.34	-0.07	0.54	0.45	VMEO
ALIT	-0.04	0.66	-0.5	-0.4		0.03	0.3	-0.1	-0.52	-0.92	ALIT
YALA	0.28	-0.18	0.4	0.21	0.03		0.1	-0.34	0.03	0.02	YALA
HKD	0.47	-0.07	-0.12	-0.34	0.3	0.1		-0.13	-0.73	-0.04	HKD
RZLV	-0.36	0.49	-0.29	-0.07	-0.1	-0.34	-0.13		0.16	0.0	RZLV
KDK	-0.27	-0.01	0.4	0.54	-0.52	0.03	-0.73	0.16		0.35	KDK
UCTT	0.11	-0.77	0.63	0.45	-0.92	0.02	-0.04	0.0	0.35		UCTT
	FSLY	PAR	KARO	VMEO	ALIT	YALA	HKD	RZLV	KDK	UCTT

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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

ALIT	+ 0.66	PAR
UCTT	+ 0.63	KARO
VMEO	+ 0.61	KARO
KDK	+ 0.54	VMEO
RZLV	+ 0.49	PAR
HKD	+ 0.47	FSLY

High negative correlations

UCTT	- 0.92	ALIT
UCTT	- 0.77	PAR
KDK	- 0.73	HKD
KARO	- 0.55	PAR
KDK	- 0.52	ALIT
ALIT	- 0.5	KARO

Risk-Adjusted Indicators

There is a big difference between Amplitude Stock performing well and Amplitude Company 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 Amplitude'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
FSLY	4.39	1.08	0.29	(0.90)	2.95	(6.30)	6.63	(5.51)	75.57
PAR	2.87	(0.91)	0.00	(0.37)	0.00	0.00	4.88	(7.75)	17.98
KARO	1.72	0.02	0.01	0.06	1.94	(1.97)	4.32	(3.61)	13.06
VMEO	2.12	1.12	2.51	1.04	0.00	(2.86)	3.00	(0.39)	61.43
ALIT	2.58	(0.84)	0.00	(0.50)	0.00	0.00	5.23	(5.63)	15.07
YALA	1.20	(0.01)	(0.01)	0.03	1.58	(1.27)	2.27	(1.97)	9.44
HKD	2.49	(0.05)	(0.01)	0.01	2.75	(3.07)	5.51	(4.61)	16.37
RZLV	6.62	(0.31)	0.00	(0.04)	0.00	0.00	14.15	(9.73)	51.01
KDK	3.55	0.26	0.05	0.73	4.61	(4.06)	8.29	(6.73)	20.14
UCTT	3.34	1.12	0.32	0.46	3.00	(4.03)	8.03	(6.23)	17.36

Amplitude Corporate Management

Jeffrey Wang	Founder Architect	Profile
Andrew Casey	Chief Officer	Profile
Spenser Skates	CEO CoFounder	Profile
Tifenn Kwan	Chief Officer	Profile
Matt Heinz	Chief Officer	Profile
Sandhya Hegde	VP Marketing	Profile

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