Amplify Cybersecurity Correlations

HACK Etf

USD 75.78 1.20 1.56%

The current 90-days correlation between Amplify Cybersecurity ETF and Xtrackers SP 500 is 0.63 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify Cybersecurity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify Cybersecurity ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify Cybersecurity Correlation With Market

Very good diversification

The correlation between Amplify Cybersecurity ETF and DJI is -0.43 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Cybersecurity ETF 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 Cybersecurity ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with Amplify Etf

0.96	CIBR	First Trust NASDAQ	Pair Corr
0.9	IGV	iShares Expanded Tech	Pair Corr
0.95	FNGO	MicroSectors FANG Index	Pair Corr

Moving against Amplify Etf

0.58	RDIV	Invesco SP Ultra	Pair Corr
0.46	SOXX	iShares Semiconductor ETF	Pair Corr
0.43	SMH	VanEck Semiconductor ETF	Pair Corr
0.37	NUGT	Direxion Daily Gold	Pair Corr
0.37	GGLL	Direxion Daily GOOGL	Pair Corr
0.34	JNUG	Direxion Daily Junior	Pair Corr
0.69	CVX	Chevron Corp	Pair Corr
0.66	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.66	HD	Home Depot Sell-off Trend	Pair Corr
0.6	KO	Coca Cola Earnings Call This Week	Pair Corr
0.58	DD	Dupont De Nemours	Pair Corr
0.51	INTC	Intel	Pair Corr
0.51	VZ	Verizon Communications Aggressive Push	Pair Corr
0.5	BINC	BlackRock ETF Trust	Pair Corr
0.47	BA	Boeing	Pair Corr
0.46	JNJ	Johnson Johnson	Pair Corr
0.45	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.36	AHYB	American Century ETF	Pair Corr
0.34	T	ATT Inc Aggressive Push	Pair Corr
0.31	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	PABU	SILJ	SECT	SPYX	IHDG	FLIN	FNCL	SMLF	MDYG	SNPE
PABU		-0.16	0.53	0.44	0.0	0.0	0.54	0.15	0.04	0.26	PABU
SILJ	-0.16		0.65	0.66	0.79	-0.7	0.33	0.81	0.83	0.74	SILJ
SECT	0.53	0.65		0.95	0.7	-0.44	0.84	0.81	0.74	0.87	SECT
SPYX	0.44	0.66	0.95		0.77	-0.43	0.74	0.86	0.8	0.95	SPYX
IHDG	0.0	0.79	0.7	0.77		-0.55	0.54	0.94	0.96	0.9	IHDG
FLIN	0.0	-0.7	-0.44	-0.43	-0.55		-0.17	-0.65	-0.63	-0.51	FLIN
FNCL	0.54	0.33	0.84	0.74	0.54	-0.17		0.61	0.52	0.66	FNCL
SMLF	0.15	0.81	0.81	0.86	0.94	-0.65	0.61		0.98	0.92	SMLF
MDYG	0.04	0.83	0.74	0.8	0.96	-0.63	0.52	0.98		0.91	MDYG
SNPE	0.26	0.74	0.87	0.95	0.9	-0.51	0.66	0.92	0.91		SNPE
	PABU	SILJ	SECT	SPYX	IHDG	FLIN	FNCL	SMLF	MDYG	SNPE

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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

MDYG	+ 0.98	SMLF
MDYG	+ 0.96	IHDG
SPYX	+ 0.95	SECT
SNPE	+ 0.95	SPYX
SMLF	+ 0.94	IHDG
SNPE	+ 0.92	SMLF

High negative correlations

FLIN	- 0.7	SILJ
SMLF	- 0.65	FLIN
MDYG	- 0.63	FLIN
FLIN	- 0.55	IHDG
SNPE	- 0.51	FLIN
FLIN	- 0.44	SECT

Amplify Cybersecurity Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify Cybersecurity 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 Cybersecurity'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
PABU	0.62	(0.12)	0.00	(0.11)	0.00	0.00	0.96	(1.47)	4.45
SILJ	2.93	0.54	0.13	0.38	3.79	(3.34)	6.27	(5.95)	22.75
SECT	0.62	(0.04)	(0.07)	0.02	0.80	(0.66)	1.28	(1.32)	3.31
SPYX	0.58	(0.04)	(0.07)	0.02	0.81	(0.57)	1.10	(1.57)	3.65
IHDG	0.61	0.06	0.06	0.14	0.73	(0.66)	1.48	(1.22)	4.21
FLIN	0.61	(0.05)	0.00	(0.09)	0.00	0.00	1.06	(1.10)	3.99
FNCL	0.75	(0.09)	0.00	(0.02)	0.00	0.00	1.45	(1.79)	4.36
SMLF	0.82	0.00	0.01	0.07	0.94	(0.90)	2.00	(1.90)	4.06
MDYG	0.81	0.04	0.04	0.11	0.82	(0.98)	1.79	(1.60)	3.88
SNPE	0.54	(0.01)	(0.03)	0.06	0.70	(0.54)	1.21	(1.33)	3.72

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