Amplify Correlations

MJUS Etf

USD 0.76 0.00 0.00%

The current 90-days correlation between Amplify and KraneShares 2x Long is -0.09 (i.e., Good diversification). The correlation of Amplify 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 Correlation With Market

Excellent diversification

The correlation between Amplify and DJI is -0.61 (i.e., Excellent 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.

Build AI portfolio with Amplify Etf

Check out Correlation Analysis to better understand how to build diversified portfolios. 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 against Amplify Etf

0.75	GDMN	WisdomTree Efficient Gold	Pair Corr
0.75	SIL	Global X Silver	Pair Corr
0.74	JNUG	Direxion Daily Junior	Pair Corr
0.74	NUGT	Direxion Daily Gold Sell-off Trend	Pair Corr
0.7	GDXU	MicroSectors Gold Miners	Pair Corr
0.69	MCDS	JPMorgan Fundamental Data	Pair Corr
0.65	AGQ	ProShares Ultra Silver	Pair Corr
0.63	SHNY	Microsectors Gold	Pair Corr
0.56	MUU	Direxion Daily MU Trending	Pair Corr
0.56	MULL	GraniteShares 2x Long Trending	Pair Corr
0.48	XT	iShares Exponential	Pair Corr
0.44	KORU	Direxion Daily South	Pair Corr
0.4	DRIV	Global X Autonomous	Pair Corr
0.37	TAN	Invesco Solar ETF	Pair Corr
0.37	QCLN	First Trust NASDAQ	Pair Corr
0.86	SHV	iShares Short Treasury	Pair Corr
0.79	HERD	Pacer Cash Cows	Pair Corr
0.77	GAPR	First Trust Exchange	Pair Corr
0.73	LSVD	Advisors Inner	Pair Corr
0.72	BKHY	BNY Mellon High	Pair Corr
0.72	DIHP	Dimensional International	Pair Corr
0.72	LSAF	LeaderSharesTM AlphaFactor	Pair Corr
0.71	CDC	VictoryShares EQ Income	Pair Corr
0.71	RCGE	RockCreek Global Equality	Pair Corr
0.69	GMET	VanEck Vectors ETF	Pair Corr
0.69	MKTN	Federated Hermes ETF	Pair Corr
0.68	VIG	Vanguard Dividend	Pair Corr
0.65	ILF	iShares Latin America	Pair Corr
0.64	FSTA	Fidelity MSCI Consumer	Pair Corr
0.62	VSS	Vanguard FTSE All	Pair Corr
0.61	NUSC	Nuveen ESG Small	Pair Corr
0.6	EIPX	First Trust Exchange	Pair Corr
0.55	XSHD	Invesco SP SmallCap	Pair Corr
0.41	XAR	SPDR SP Aerospace	Pair Corr

Related Correlations Analysis

	FPXE	KNOW	EMOT	MIDE	TINY	SOLR	ODDS	FLDZ	KBUF	KBAB
FPXE		0.86	0.84	0.78	0.87	0.86	-0.31	0.68	0.49	0.23	FPXE
KNOW	0.86		0.95	0.93	0.97	0.85	-0.63	0.85	0.33	0.2	KNOW
EMOT	0.84	0.95		0.91	0.93	0.87	-0.48	0.88	0.33	0.26	EMOT
MIDE	0.78	0.93	0.91		0.88	0.75	-0.56	0.95	0.13	-0.05	MIDE
TINY	0.87	0.97	0.93	0.88		0.91	-0.55	0.8	0.45	0.33	TINY
SOLR	0.86	0.85	0.87	0.75	0.91		-0.26	0.69	0.63	0.5	SOLR
ODDS	-0.31	-0.63	-0.48	-0.56	-0.55	-0.26		-0.4	0.23	0.12	ODDS
FLDZ	0.68	0.85	0.88	0.95	0.8	0.69	-0.4		0.12	-0.03	FLDZ
KBUF	0.49	0.33	0.33	0.13	0.45	0.63	0.23	0.12		0.67	KBUF
KBAB	0.23	0.2	0.26	-0.05	0.33	0.5	0.12	-0.03	0.67		KBAB
	FPXE	KNOW	EMOT	MIDE	TINY	SOLR	ODDS	FLDZ	KBUF	KBAB

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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

TINY	+ 0.97	KNOW
EMOT	+ 0.95	KNOW
FLDZ	+ 0.95	MIDE
MIDE	+ 0.93	KNOW
TINY	+ 0.93	EMOT
MIDE	+ 0.91	EMOT

High negative correlations

ODDS	- 0.63	KNOW
ODDS	- 0.56	MIDE
ODDS	- 0.55	TINY
ODDS	- 0.48	EMOT
FLDZ	- 0.4	ODDS
ODDS	- 0.31	FPXE

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
FPXE	0.68	0.02	(0.02)	0.67	0.89	(0.64)	1.21	(1.23)	3.10
KNOW	0.44	0.06	0.05	0.15	0.42	(0.45)	0.93	(0.91)	1.94
EMOT	0.54	0.00	(0.01)	0.05	0.67	(0.56)	1.28	(1.10)	3.24
MIDE	0.70	0.06	0.06	0.11	0.76	(0.77)	1.51	(1.66)	4.91
TINY	1.34	0.20	0.14	0.19	1.37	(1.49)	3.16	(2.74)	7.26
SOLR	0.92	(0.01)	(0.01)	0.04	1.28	(0.85)	1.75	(2.08)	4.73
ODDS	0.86	(0.31)	0.00	(3.65)	0.00	0.00	1.31	(2.22)	4.63
FLDZ	0.59	(0.03)	(0.04)	0.01	0.73	(0.61)	1.25	(1.23)	3.60
KBUF	0.51	(0.05)	0.00	(0.31)	0.00	0.00	1.09	(1.11)	3.46
KBAB	3.84	(0.16)	0.00	(0.20)	0.00	0.00	10.46	(6.95)	26.87

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.

First Trust IPOX Direxion All Cap First Trust Exchange Traded DBX ETF Trust ProShares Nanotechnology ETF Guinness Atkinson Funds Pacer BlueStar Digital Listed Funds Trust KraneShares Trust KraneShares 2x Long American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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