YieldMax AMZN Correlations

AMZY Etf

18.89 0.25 1.34%

The current 90-days correlation between YieldMax AMZN Option and JPMorgan Equity Premium is 0.02 (i.e., Significant diversification). The correlation of YieldMax AMZN 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.

YieldMax AMZN Correlation With Market

Good diversification

The correlation between YieldMax AMZN Option and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax AMZN Option 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 YieldMax AMZN Option. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with YieldMax Etf

0.83	XYLD	Global X SP	Pair Corr
0.77	RYLD	Global X Russell Sell-off Trend	Pair Corr
0.92	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.91	NUSI	NEOS ETF Trust	Pair Corr
0.82	BUYW	Main Buywrite ETF	Pair Corr
0.87	DSJA	DSJA	Pair Corr
0.79	RSPY	Tuttle Capital Management	Pair Corr
0.69	MEME	Roundhill Investments	Pair Corr
0.83	BITX	Volatility Shares Trust Buyout Trend	Pair Corr
0.83	FETH	Fidelity Advantage Ether Buyout Trend	Pair Corr
0.84	FLDR	Fidelity Low Duration	Pair Corr
0.84	ICSH	iShares Ultra Short	Pair Corr
0.81	XONE	Bondbloxx Bloomberg One	Pair Corr
0.86	BTRN	Global X Funds	Pair Corr
0.7	Z	Zillow Group Class	Pair Corr
0.89	GJAN	First Trust Exchange	Pair Corr
0.92	TSL	GraniteShares 125x Long	Pair Corr
0.88	XOUT	GraniteShares XOUT Large	Pair Corr
0.83	XCCC	BondBloxx ETF Trust	Pair Corr
0.86	MINT	PIMCO Enhanced Short	Pair Corr
0.88	FTLS	First Trust LongShort	Pair Corr
0.68	PBDC	Putnam ETF Trust	Pair Corr
0.95	YMAG	YieldMax Magnificent	Pair Corr
0.75	ETHT	ProShares Trust Upward Rally	Pair Corr
0.81	QYLD	Global X NASDAQ	Pair Corr
0.86	SEIX	Virtus ETF Trust	Pair Corr
0.86	PJAN	Innovator SP 500	Pair Corr
0.62	IYG	iShares Financial	Pair Corr
0.83	ETH	Grayscale Ethereum Mini Buyout Trend	Pair Corr

Moving against YieldMax Etf

0.57	IDME	International Drawdown	Pair Corr
0.55	KNG	FT Cboe Vest	Pair Corr
0.48	SIXH	ETC 6 Meridian	Pair Corr
0.35	SOYB	Teucrium Soybean	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.73	-0.57	-0.59	0.32	0.57	0.53	0.34	-0.06	-0.67	META
MSFT	0.73		-0.53	-0.24	0.56	0.23	0.65	0.25	-0.1	-0.47	MSFT
UBER	-0.57	-0.53		0.64	-0.58	-0.08	-0.78	-0.56	0.67	0.81	UBER
F	-0.59	-0.24	0.64		0.01	-0.25	-0.2	-0.07	0.2	0.9	F
T	0.32	0.56	-0.58	0.01		0.0	0.8	0.59	-0.45	-0.23	T
A	0.57	0.23	-0.08	-0.25	0.0		0.12	0.22	0.32	-0.19	A
CRM	0.53	0.65	-0.78	-0.2	0.8	0.12		0.7	-0.59	-0.44	CRM
JPM	0.34	0.25	-0.56	-0.07	0.59	0.22	0.7		-0.62	-0.25	JPM
MRK	-0.06	-0.1	0.67	0.2	-0.45	0.32	-0.59	-0.62		0.32	MRK
XOM	-0.67	-0.47	0.81	0.9	-0.23	-0.19	-0.44	-0.25	0.32		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.9	F
XOM	+ 0.81	UBER
CRM	+ 0.8	T
MSFT	+ 0.73	META
JPM	+ 0.7	CRM
MRK	+ 0.67	UBER

High negative correlations

CRM	- 0.78	UBER
XOM	- 0.67	META
MRK	- 0.62	JPM
MRK	- 0.59	CRM
F	- 0.59	META
T	- 0.58	UBER

YieldMax AMZN Competition Risk-Adjusted Indicators

There is a big difference between YieldMax Etf performing well and YieldMax AMZN 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 YieldMax AMZN'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
META	1.36	0.06	0.03	0.21	1.51	(1.56)	3.43	(3.15)	7.43
MSFT	0.92	0.04	0.01	1.07	1.58	(0.87)	2.09	(1.73)	8.14
UBER	1.63	(0.33)	0.00	(26.89)	0.00	0.00	2.67	(5.35)	12.29
F	1.38	(0.08)	0.00	(0.17)	0.00	0.00	2.38	(2.81)	11.21
T	0.97	0.08	0.06	0.24	1.10	(1.04)	1.91	(1.84)	7.96
A	1.21	0.03	0.01	0.09	1.45	(1.33)	2.72	(2.42)	8.06
CRM	1.41	0.17	0.10	0.79	1.45	(1.59)	3.16	(2.88)	14.80
JPM	1.03	0.25	0.17	1.11	1.11	(1.17)	1.92	(1.42)	15.87
MRK	1.00	(0.17)	0.00	(0.68)	0.00	0.00	1.74	(2.17)	5.17
XOM	0.76	(0.15)	0.00	(0.37)	0.00	0.00	1.71	(1.67)	6.06

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