Amplify ETF Correlations

HACK Etf

USD 78.97 0.08 0.10%

The current 90-days correlation between Amplify ETF Trust and First Trust NASDAQ is 0.98 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify ETF Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify ETF Correlation With Market

Good diversification

The correlation between Amplify ETF Trust and DJI is -0.09 (i.e., Good 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 main economic indicators.

For more information on how to buy Amplify Etf please use our How to buy in Amplify Etf guide.

Moving together with Amplify Etf

0.69	VGT	Vanguard Information	Pair Corr
0.83	IYW	iShares Technology ETF	Pair Corr
0.99	CIBR	First Trust NASDAQ Sell-off Trend	Pair Corr
0.82	FTEC	Fidelity MSCI Information	Pair Corr
0.9	FDN	First Trust Dow	Pair Corr
0.94	IGM	iShares Expanded Tech	Pair Corr
0.65	LUX	Tema ETF Trust	Pair Corr
0.86	WINN	Harbor Long Term	Pair Corr
0.68	IBM	International Business Tech Boost	Pair Corr
0.63	MMM	3M Company	Pair Corr
0.69	BA	Boeing	Pair Corr
0.61	MSFT	Microsoft	Pair Corr
0.69	JPM	JPMorgan Chase	Pair Corr

Moving against Amplify Etf

0.89	FNGD	MicroSectors FANG Index	Pair Corr
0.64	JNJ	Johnson Johnson	Pair Corr
0.55	AA	Alcoa Corp	Pair Corr
0.55	INTC	Intel	Pair Corr
0.53	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.46	KO	Coca Cola Earnings Call This Week	Pair Corr
0.32	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	CIBR	BUG	SKYY	ROBO	CYBR
CIBR		0.76	0.82	0.82	0.72	CIBR
BUG	0.76		0.85	0.65	0.46	BUG
SKYY	0.82	0.85		0.69	0.73	SKYY
ROBO	0.82	0.65	0.69		0.63	ROBO
CYBR	0.72	0.46	0.73	0.63		CYBR
	CIBR	BUG	SKYY	ROBO	CYBR

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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
CIBR	0.99	0.17	0.06	(1.25)	1.27	(0.95)	2.29	(1.98)	7.97
BUG	0.91	0.16	0.07	(5.10)	1.08	(0.95)	2.02	(1.45)	8.81
SKYY	1.22	0.27	0.13	0.69	1.37	(1.25)	3.31	(2.43)	8.85
ROBO	0.90	0.10	0.03	0.81	1.15	(0.88)	1.64	(1.78)	6.54
CYBR	1.49	0.36	0.19	1.12	1.35	(1.77)	3.87	(2.81)	9.10

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