Amplify Video Correlations

GAMR Etf

USD 82.22 1.23 1.47%

The current 90-days correlation between Amplify Video Game and Affinity World Leaders is 0.57 (i.e., Very weak diversification). The correlation of Amplify Video 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 Video Correlation With Market

Excellent diversification

The correlation between Amplify Video Game and DJI is -0.55 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Video Game and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amplify Etf

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

Moving together with Amplify Etf

0.96	ESPO	VanEck Video Gaming	Pair Corr
0.88	HERO	Global X Video	Pair Corr
0.62	NVDL	GraniteShares 15x Long Aggressive Push	Pair Corr
0.71	BULZ	MicroSectors Solactive	Pair Corr
0.9	FNGO	MicroSectors FANG Index	Pair Corr
0.89	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.92	MSFT	Microsoft	Pair Corr

Moving against Amplify Etf

0.78	IYZ	IShares Telecommunicatio Low Volatility	Pair Corr
0.76	RDIV	Invesco SP Ultra	Pair Corr
0.72	BINC	BlackRock ETF Trust Sell-off Trend	Pair Corr
0.57	OASC	OneAscent Small Cap	Pair Corr
0.55	GGLL	Direxion Daily GOOGL	Pair Corr
0.54	NUGT	Direxion Daily Gold	Pair Corr
0.52	JNUG	Direxion Daily Junior	Pair Corr
0.41	FCOM	Fidelity MSCI Commun	Pair Corr
0.41	IXP	iShares Global Comm	Pair Corr
0.4	VOX	Vanguard Communication	Pair Corr
0.39	XLC	Communication Services	Pair Corr
0.83	WMT	Walmart Common Stock	Pair Corr
0.79	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.75	VZ	Verizon Communications Aggressive Push	Pair Corr
0.71	DD	Dupont De Nemours	Pair Corr
0.68	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.66	AHYB	American Century ETF	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.64	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.59	AA	Alcoa Corp	Pair Corr
0.59	INTC	Intel	Pair Corr
0.45	T	ATT Inc Aggressive Push	Pair Corr
0.38	VBK	Vanguard Small Cap	Pair Corr
0.38	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	PEZ	PSR	KSTR	TEKY	HQGO	FTCE	DEMZ	PSFD	KOOL	WLDR
PEZ		0.29	0.54	-0.11	0.75	0.77	0.81	0.9	0.65	0.81	PEZ
PSR	0.29		0.59	-0.26	0.2	0.34	0.35	0.43	0.64	0.59	PSR
KSTR	0.54	0.59		-0.06	0.43	0.78	0.74	0.72	0.77	0.78	KSTR
TEKY	-0.11	-0.26	-0.06		0.41	0.06	0.26	-0.11	-0.02	-0.3	TEKY
HQGO	0.75	0.2	0.43	0.41		0.72	0.88	0.79	0.73	0.61	HQGO
FTCE	0.77	0.34	0.78	0.06	0.72		0.86	0.86	0.76	0.8	FTCE
DEMZ	0.81	0.35	0.74	0.26	0.88	0.86		0.89	0.8	0.76	DEMZ
PSFD	0.9	0.43	0.72	-0.11	0.79	0.86	0.89		0.86	0.93	PSFD
KOOL	0.65	0.64	0.77	-0.02	0.73	0.76	0.8	0.86		0.89	KOOL
WLDR	0.81	0.59	0.78	-0.3	0.61	0.8	0.76	0.93	0.89		WLDR
	PEZ	PSR	KSTR	TEKY	HQGO	FTCE	DEMZ	PSFD	KOOL	WLDR

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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

WLDR	+ 0.93	PSFD
PSFD	+ 0.9	PEZ
PSFD	+ 0.89	DEMZ
WLDR	+ 0.89	KOOL
DEMZ	+ 0.88	HQGO
DEMZ	+ 0.86	FTCE

High negative correlations

WLDR	- 0.3	TEKY
TEKY	- 0.26	PSR
PSFD	- 0.11	TEKY
TEKY	- 0.11	PEZ
TEKY	- 0.06	KSTR
KOOL	- 0.02	TEKY

Amplify Video Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify Video 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 Video'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
PEZ	1.03	0.04	0.05	0.12	0.91	(1.28)	2.54	(1.86)	5.14
PSR	0.58	0.05	0.00	0.20	0.68	(0.58)	1.52	(1.27)	3.43
KSTR	1.26	0.15	0.05	0.78	1.51	(1.23)	2.15	(2.43)	7.79
TEKY	1.10	(0.22)	0.00	(0.12)	0.00	0.00	2.55	(2.72)	5.98
HQGO	0.67	(0.08)	(0.09)	(0.01)	0.89	(0.70)	1.34	(1.50)	4.24
FTCE	0.62	0.05	(0.04)	(0.37)	0.87	(0.62)	1.14	(1.66)	3.64
DEMZ	0.70	(0.07)	(0.07)	0.01	1.04	(0.64)	1.53	(1.62)	3.98
PSFD	0.28	0.01	(0.09)	0.11	0.29	(0.30)	0.81	(0.54)	2.31
KOOL	0.64	0.00	(0.02)	0.08	0.84	(0.64)	1.22	(1.66)	3.22
WLDR	0.78	0.14	0.13	0.24	0.68	(0.82)	1.43	(1.57)	3.62

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