Amplify Transformational Correlations

BLOK Etf

USD 36.18 0.57 1.60%

The current 90-days correlation between Amplify Transformational and Siren Nasdaq NexGen is 0.92 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify Transformational moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify Transformational Data moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify Transformational Correlation With Market

Good diversification

The correlation between Amplify Transformational Data and DJI 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 Transformational Data 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 Transformational Data. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Amplify Etf

0.92	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.92	BITO	ProShares Bitcoin	Pair Corr
0.98	BLCN	Siren Nasdaq NexGen	Pair Corr
0.99	BITQ	Bitwise Crypto Industry	Pair Corr
0.97	SPBC	Simplify Equity PLUS	Pair Corr
0.92	BTC	Grayscale Bitcoin Mini	Pair Corr
0.98	DAPP	VanEck Digital Trans	Pair Corr
0.97	CRPT	First Trust SkyBridge	Pair Corr
0.96	UPRO	ProShares UltraPro SP500	Pair Corr
0.94	QTJA	Innovator ETFs Trust	Pair Corr
0.93	QTOC	Innovator ETFs Trust	Pair Corr
0.89	XTOC	Innovator ETFs Trust	Pair Corr
0.74	QTAP	Innovator Growth 100	Pair Corr
0.9	XTJA	Innovator ETFs Trust	Pair Corr
0.62	XTAP	Innovator Equity Acc	Pair Corr
0.76	DIS	Walt Disney	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.82	HD	Home Depot	Pair Corr
0.85	AXP	American Express	Pair Corr
0.75	WMT	Walmart Aggressive Push	Pair Corr
0.75	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.78	HPQ	HP Inc	Pair Corr
0.88	JPM	JPMorgan Chase	Pair Corr
0.81	BAC	Bank of America Aggressive Push	Pair Corr
0.73	CAT	Caterpillar Earnings Call This Week	Pair Corr

Moving against Amplify Etf

0.6	KO	Coca Cola Aggressive Push	Pair Corr
0.47	MCD	McDonalds	Pair Corr
0.44	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	BLCN	LEGR	KOIN	ARKF	ETHE
BLCN		0.51	0.0	0.95	0.96	BLCN
LEGR	0.51		0.0	0.59	0.44	LEGR
KOIN	0.0	0.0		0.0	0.0	KOIN
ARKF	0.95	0.59	0.0		0.89	ARKF
ETHE	0.96	0.44	0.0	0.89		ETHE
	BLCN	LEGR	KOIN	ARKF	ETHE

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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

ETHE	+ 0.96	BLCN
ARKF	+ 0.95	BLCN
ETHE	+ 0.89	ARKF
ARKF	+ 0.59	LEGR
LEGR	+ 0.51	BLCN
ETHE	+ 0.44	LEGR

High negative correlations

ETHE	- 0.0	KOIN
ARKF	- 0.0	KOIN
KOIN	- 0.0	LEGR
KOIN	- 0.0	BLCN

Amplify Transformational Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify Transformational 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 Transformational'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BLCN	2.21	(0.63)	2.61	4.10	(5.31)	16.55
LEGR	0.92	(0.04)	(0.52)	1.42	(1.78)	8.85
KOIN	0.00	0.00	0.00	0.00	0.00	0.00
ARKF	2.40	(0.33)	1.15	3.61	(5.22)	18.74
ETHE	3.56	(1.07)	12.38	4.61	(7.83)	21.41

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