Amplify ETF Correlations

GAMR Etf

USD 67.87 0.11 0.16%

The current 90-days correlation between Amplify ETF Trust and VanEck Video Gaming is 0.77 (i.e., Poor diversification). The correlation of Amplify ETF 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 ETF Correlation With Market

Significant diversification

The correlation between Amplify ETF Trust and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Amplify ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Amplify Etf, please use our How to Invest in Amplify ETF guide.

Moving together with Amplify Etf

0.77	XLC	Communication Services	Pair Corr
0.74	VOX	Vanguard Communication	Pair Corr
0.73	FCOM	Fidelity MSCI Commun	Pair Corr
0.75	ESPO	VanEck Video Gaming	Pair Corr
0.74	IXP	iShares Global Comm	Pair Corr
0.95	HERO	Global X Video	Pair Corr
0.89	SOCL	Global X Social	Pair Corr
0.69	VTI	Vanguard Total Stock	Pair Corr
0.69	SPY	SPDR SP 500	Pair Corr
0.69	IVV	iShares Core SP	Pair Corr
0.7	IWF	iShares Russell 1000	Pair Corr
0.66	IBM	International Business	Pair Corr
0.74	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	ESPO	NERD	SOCL	IPAY	HERO
ESPO		0.88	0.71	0.81	0.66	ESPO
NERD	0.88		0.71	0.67	0.7	NERD
SOCL	0.71	0.71		0.51	0.89	SOCL
IPAY	0.81	0.67	0.51		0.49	IPAY
HERO	0.66	0.7	0.89	0.49		HERO
	ESPO	NERD	SOCL	IPAY	HERO

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Amplify ETF Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify ETF 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 ETF'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
ESPO	1.10	0.22	0.10	0.65	1.30	(1.11)	2.16	(2.17)	10.29
NERD	1.08	0.22	0.10	1.08	1.34	(1.20)	2.17	(2.08)	10.24
SOCL	0.99	0.11	0.05	0.33	1.17	(1.10)	1.90	(2.00)	6.83
IPAY	0.98	0.21	0.12	0.64	1.09	(1.06)	2.03	(1.56)	10.16
HERO	1.01	0.05	(0.01)	0.34	1.34	(1.05)	1.85	(2.21)	6.60

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Amplify ETF Correlations

Amplify ETF Correlation With Market

Significant diversification

Moving together with Amplify Etf

Related Correlations Analysis

Amplify ETF Constituents Risk-Adjusted Indicators

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