Amplify Cash Correlations

HCOW Etf

24.28 0.23 0.96%

The current 90-days correlation between Amplify Cash Flow and PGIM ETF Trust is 0.53 (i.e., Very weak diversification). The correlation of Amplify Cash 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 Cash Correlation With Market

Almost no diversification

The correlation between Amplify Cash Flow and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Cash Flow 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 Cash Flow. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Amplify Etf

0.83	JEPI	JPMorgan Equity Premium	Pair Corr
0.87	XYLD	Global X SP	Pair Corr
0.7	DIVO	Amplify CWP Enhanced	Pair Corr
0.86	RYLD	Global X Russell	Pair Corr
0.85	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.7	KNG	FT Cboe Vest	Pair Corr
0.84	BUYW	Main Buywrite ETF	Pair Corr
0.72	IDME	International Drawdown Low Volatility	Pair Corr
0.63	GDXU	MicroSectors Gold Miners Upward Rally	Pair Corr
0.69	JNUG	Direxion Daily Junior	Pair Corr
0.67	NUGT	Direxion Daily Gold	Pair Corr
0.89	UMAY	Innovator ETFs Trust	Pair Corr
0.7	TAXT	Northern Trust Tax	Pair Corr
0.63	SCDV	ETF Series Solutions	Pair Corr
0.68	QLV	FlexShares Quality Low	Pair Corr
0.72	FIDU	Fidelity MSCI Industrials	Pair Corr
0.86	IQSZ	Invesco Actively Managed	Pair Corr
0.66	NCPB	Nuveen Core Plus	Pair Corr
0.68	BSMS	Invesco BulletShares 2028	Pair Corr
0.72	FXC	Invesco CurrencyShares	Pair Corr
0.66	EWT	iShares MSCI Taiwan	Pair Corr
0.9	SIXJ	AIM ETF Products	Pair Corr
0.78	WDNA	WisdomTree BioRevolution	Pair Corr
0.8	WLDR	Affinity World Leaders	Pair Corr
0.7	DFSD	Dimensional ETF Trust	Pair Corr
0.81	IRTR	iShares Trust	Pair Corr
0.79	TLCI	Touchstone ETF Trust	Pair Corr
0.69	CCNR	CoreCommodity Natural	Pair Corr
0.76	EURL	Direxion Daily FTSE	Pair Corr

Moving against Amplify Etf

0.35

NUSI

NEOS Investment Mana Symbol Change

Pair Corr

Related Correlations Analysis

	ABCS	INVN	MLPD	PJFM	BLCR	BIGY	QOWZ	JADE	JDIV	PJIO
ABCS		-0.08	0.84	0.95	0.87	0.46	-0.02	0.77	0.87	0.52	ABCS
INVN	-0.08		-0.51	-0.27	-0.05	0.5	0.95	-0.57	-0.35	0.22	INVN
MLPD	0.84	-0.51		0.92	0.78	0.18	-0.41	0.93	0.88	0.36	MLPD
PJFM	0.95	-0.27	0.92		0.89	0.36	-0.17	0.89	0.93	0.55	PJFM
BLCR	0.87	-0.05	0.78	0.89		0.62	0.09	0.81	0.87	0.74	BLCR
BIGY	0.46	0.5	0.18	0.36	0.62		0.63	0.15	0.37	0.55	BIGY
QOWZ	-0.02	0.95	-0.41	-0.17	0.09	0.63		-0.46	-0.25	0.33	QOWZ
JADE	0.77	-0.57	0.93	0.89	0.81	0.15	-0.46		0.93	0.53	JADE
JDIV	0.87	-0.35	0.88	0.93	0.87	0.37	-0.25	0.93		0.64	JDIV
PJIO	0.52	0.22	0.36	0.55	0.74	0.55	0.33	0.53	0.64		PJIO
	ABCS	INVN	MLPD	PJFM	BLCR	BIGY	QOWZ	JADE	JDIV	PJIO

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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

PJFM	+ 0.95	ABCS
QOWZ	+ 0.95	INVN
JADE	+ 0.93	MLPD
JDIV	+ 0.93	PJFM
JDIV	+ 0.93	JADE
PJFM	+ 0.92	MLPD

High negative correlations

JADE	- 0.57	INVN
MLPD	- 0.51	INVN
JADE	- 0.46	QOWZ
QOWZ	- 0.41	MLPD
JDIV	- 0.35	INVN
PJFM	- 0.27	INVN

Amplify Cash Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify Cash 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 Cash'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
ABCS	0.70	0.04	0.05	0.10	0.67	(0.79)	1.75	(1.22)	4.06
INVN	1.04	(0.20)	0.00	(0.12)	0.00	0.00	2.16	(2.29)	6.88
MLPD	0.30	0.09	0.07	7.17	0.13	(0.33)	0.61	(0.49)	1.67
PJFM	0.73	0.08	0.07	0.14	0.82	(0.78)	1.77	(1.69)	5.33
BLCR	0.81	(0.04)	(0.04)	0.02	1.07	(0.81)	1.49	(2.00)	4.79
BIGY	0.49	(0.07)	0.00	(0.07)	0.00	0.00	0.96	(1.36)	3.96
QOWZ	0.74	(0.17)	0.00	(0.13)	0.00	0.00	1.20	(1.63)	4.76
JADE	0.64	0.14	0.13	0.29	0.63	(0.68)	1.86	(1.25)	4.53
JDIV	0.59	0.03	0.01	0.10	0.68	(0.60)	1.12	(1.22)	3.69
PJIO	0.80	(0.06)	0.00	(0.02)	0.00	0.00	1.70	(1.92)	4.21

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