Amplify Correlations
The current 90-days correlation between Amplify and Schwab Fundamental Large is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Amplify Correlation With Market
Significant diversification
The correlation between Amplify and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify and DJI in the same portfolio, assuming nothing else is changed.
Amplify |
Moving against Amplify Etf
| 0.4 | MSFT | Microsoft Aggressive Push | PairCorr |
Related Correlations Analysis
| -0.52 | -0.5 | 0.37 | -0.35 | FNDX | ||
| -0.52 | 0.98 | 0.31 | 0.97 | FNDF | ||
| -0.5 | 0.98 | 0.29 | 0.97 | FNDC | ||
| 0.37 | 0.31 | 0.29 | 0.45 | FNDE | ||
| -0.35 | 0.97 | 0.97 | 0.45 | SCHC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Amplify Constituents Risk-Adjusted Indicators
There is a big difference between Amplify Etf performing well and Amplify 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FNDX | 0.53 | 0.00 | (0.02) | 0.12 | 0.42 | 0.92 | 3.86 | |||
| FNDF | 0.63 | (0.14) | 0.00 | (0.23) | 0.00 | 1.07 | 3.89 | |||
| FNDC | 0.61 | (0.12) | 0.00 | (0.20) | 0.00 | 0.97 | 4.31 | |||
| FNDE | 0.98 | (0.04) | (0.09) | (0.01) | 1.26 | 2.94 | 8.83 | |||
| SCHC | 0.64 | (0.13) | 0.00 | (0.15) | 0.00 | 1.09 | 4.17 |
Amplify Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Amplify etf to make a market-neutral strategy. Peer analysis of Amplify could also be used in its relative valuation, which is a method of valuing Amplify by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |