| DIVO Etf | | | USD 37.70 2.00 5.04% |
The current 90-days correlation between Amplify CWP Enhanced and Global X SP is 0.84 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify CWP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify CWP Enhanced moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Amplify CWP Correlation With Market
Almost no diversification
The correlation between Amplify CWP Enhanced and DJI is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify CWP Enhanced and DJI in the same portfolio, assuming nothing else is changed.
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Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Amplify CWP Enhanced. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in real.