Amplify Video Correlations

GAMR Etf

USD 91.85 0.06 0.07%

The current 90-days correlation between Amplify Video Game and Invesco DWA Consumer 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

Very weak diversification

The correlation between Amplify Video Game and DJI is 0.58 (i.e., Very weak 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 inflation.

Moving together with Amplify Etf

0.67	ESPO	VanEck Video Gaming	Pair Corr
0.75	HERO	Global X Video	Pair Corr
0.82	SOCL	Global X Social	Pair Corr

Moving against Amplify Etf

0.76	TOAK	Manager Directed Por	Pair Corr
0.5	FB	ProShares Trust ProShares	Pair Corr
0.72	FROG	Jfrog	Pair Corr
0.65	SIXS	6 Meridian Small	Pair Corr
0.57	SLX	VanEck Steel ETF	Pair Corr
0.49	APRT	AllianzIM Large Cap	Pair Corr
0.48	SCJ	iShares MSCI Japan	Pair Corr
0.46	JNK	SPDR Bloomberg High	Pair Corr
0.46	EQRR	ProShares Equities for	Pair Corr
0.44	CPSU	Calamos SP 500	Pair Corr
0.41	AJUL	Innovator Equity Defined	Pair Corr
0.56	SIL	Global X Silver	Pair Corr
0.54	FSST	Fidelity Sustainability	Pair Corr
0.49	ZJAN	Innovator Equity Defined	Pair Corr
0.49	CPER	United States Copper	Pair Corr
0.42	AVUV	Avantis Small Cap	Pair Corr
0.38	CSD	Invesco SP Spin	Pair Corr

Related Correlations Analysis

	PEZ	PSR	KSTR	TEKY	HQGO	FTCE	DEMZ	PSFD	KOOL	WLDR
PEZ		-0.06	0.08	-0.06	0.51	0.68	0.53	0.64	0.48	0.91	PEZ
PSR	-0.06		0.26	0.33	0.04	0.02	0.11	-0.29	0.16	-0.19	PSR
KSTR	0.08	0.26		0.63	-0.12	0.09	0.11	-0.46	0.23	0.0	KSTR
TEKY	-0.06	0.33	0.63		0.36	0.16	0.46	-0.24	0.52	-0.11	TEKY
HQGO	0.51	0.04	-0.12	0.36		0.7	0.72	0.69	0.68	0.59	HQGO
FTCE	0.68	0.02	0.09	0.16	0.7		0.82	0.78	0.77	0.81	FTCE
DEMZ	0.53	0.11	0.11	0.46	0.72	0.82		0.66	0.89	0.58	DEMZ
PSFD	0.64	-0.29	-0.46	-0.24	0.69	0.78	0.66		0.54	0.78	PSFD
KOOL	0.48	0.16	0.23	0.52	0.68	0.77	0.89	0.54		0.52	KOOL
WLDR	0.91	-0.19	0.0	-0.11	0.59	0.81	0.58	0.78	0.52		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	+ 0.91	PEZ
KOOL	+ 0.89	DEMZ
DEMZ	+ 0.82	FTCE
WLDR	+ 0.81	FTCE
PSFD	+ 0.78	FTCE
WLDR	+ 0.78	PSFD

High negative correlations

PSFD	- 0.46	KSTR
PSFD	- 0.29	PSR
PSFD	- 0.24	TEKY
WLDR	- 0.19	PSR
HQGO	- 0.12	KSTR
WLDR	- 0.11	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	1.09	(0.01)	0.01	0.06	1.34	(1.14)	2.54	(2.17)	6.04
PSR	0.56	(0.05)	0.00	(0.06)	0.00	0.00	0.97	(1.27)	3.53
KSTR	1.34	(0.11)	0.00	(0.05)	0.00	0.00	2.05	(2.70)	10.73
TEKY	1.09	0.01	(0.03)	4.11	1.60	(1.05)	2.36	(2.72)	6.45
HQGO	0.67	0.05	(0.01)	2.64	0.95	(0.64)	1.34	(1.50)	3.75
FTCE	0.63	(0.02)	(0.03)	0.05	0.81	(0.64)	1.14	(1.40)	3.32
DEMZ	0.68	0.01	0.00	0.08	0.93	(0.70)	1.33	(1.63)	4.06
PSFD	0.23	0.02	(0.08)	0.12	0.20	(0.25)	0.53	(0.46)	1.59
KOOL	0.62	(0.03)	(0.04)	0.04	0.90	(0.59)	1.12	(1.66)	3.64
WLDR	0.73	0.03	0.02	0.11	0.92	(0.69)	1.34	(1.65)	3.62

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