Amplify Bitcoin Correlations

BAGY Etf

37.82 0.27 0.71%

The current 90-days correlation between Amplify Bitcoin Max and CoinShares Altcoins ETF is 0.68 (i.e., Poor diversification). The correlation of Amplify Bitcoin 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 Bitcoin Correlation With Market

Very weak diversification

The correlation between Amplify Bitcoin Max and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Bitcoin Max and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amplify Etf

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

Moving together with Amplify Etf

0.84	MSFT	Microsoft	Pair Corr
0.62	T	ATT Inc	Pair Corr
0.89	HD	Home Depot	Pair Corr
0.73	BA	Boeing	Pair Corr

Moving against Amplify Etf

0.68	MCD	McDonalds	Pair Corr
0.59	AMPD	Tidal ETF Services	Pair Corr
0.56	CPST	Calamos ETF Trust	Pair Corr
0.51	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.5	VTV	Vanguard Value Index	Pair Corr
0.48	VEA	Vanguard FTSE Developed	Pair Corr
0.36	IVV	iShares Core SP	Pair Corr
0.35	SPY	SPDR SP 500	Pair Corr
0.33	ITDD	iShares Trust	Pair Corr
0.91	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.88	JNJ	Johnson Johnson	Pair Corr
0.81	CAT	Caterpillar	Pair Corr
0.72	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.71	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.71	AXP	American Express	Pair Corr
0.69	MMM	3M Company	Pair Corr
0.65	WMT	Walmart Common Stock	Pair Corr
0.64	BAC	Bank of America	Pair Corr
0.63	TRV	The Travelers Companies	Pair Corr
0.62	IBM	International Business	Pair Corr
0.36	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.66	0.59	-0.66	0.6	-0.63	0.24	-0.12	-0.61	-0.65	META
MSFT	0.66		0.84	-0.51	0.36	-0.25	0.12	-0.27	-0.77	-0.6	MSFT
UBER	0.59	0.84		-0.62	0.58	-0.37	-0.05	-0.13	-0.84	-0.57	UBER
F	-0.66	-0.51	-0.62		-0.72	0.59	0.25	0.35	0.71	0.76	F
T	0.6	0.36	0.58	-0.72		-0.61	-0.41	-0.09	-0.55	-0.49	T
A	-0.63	-0.25	-0.37	0.59	-0.61		-0.16	-0.26	0.56	0.32	A
CRM	0.24	0.12	-0.05	0.25	-0.41	-0.16		0.29	-0.03	0.09	CRM
JPM	-0.12	-0.27	-0.13	0.35	-0.09	-0.26	0.29		0.18	0.3	JPM
MRK	-0.61	-0.77	-0.84	0.71	-0.55	0.56	-0.03	0.18		0.64	MRK
XOM	-0.65	-0.6	-0.57	0.76	-0.49	0.32	0.09	0.3	0.64		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Please upgrade your account to get full access to Macroaxis premium features

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

UBER	+ 0.84	MSFT
XOM	+ 0.76	F
MRK	+ 0.71	F
MSFT	+ 0.66	META
XOM	+ 0.64	MRK
T	+ 0.6	META

High negative correlations

MRK	- 0.84	UBER
MRK	- 0.77	MSFT
T	- 0.72	F
F	- 0.66	META
XOM	- 0.65	META
A	- 0.63	META

Amplify Bitcoin Competition Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify Bitcoin 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 Bitcoin'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	1.41	(0.29)	0.00	(0.25)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.92	(0.14)	0.00	(0.16)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.49	(0.34)	0.00	(0.26)	0.00	0.00	2.60	(3.82)	10.51
F	1.49	0.17	0.10	0.17	1.70	(1.62)	3.38	(2.63)	16.30
T	0.95	(0.27)	0.00	(0.91)	0.00	0.00	1.61	(2.18)	5.75
A	1.25	0.08	0.06	0.13	1.31	(1.33)	2.34	(2.21)	11.03
CRM	1.58	0.06	0.03	0.11	2.05	(1.53)	3.66	(2.92)	9.91
JPM	1.03	(0.02)	(0.01)	0.04	1.40	(1.03)	2.00	(1.91)	7.02
MRK	1.47	0.35	0.25	0.47	1.11	(1.91)	4.85	(2.06)	11.45
XOM	0.96	0.07	0.02	0.36	0.99	(1.01)	1.96	(1.51)	4.99

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC