Amplify Correlations

MJUS Etf

USD 0.76 0.00 0.00%

The current 90-days correlation between Amplify and Invesco Next Gen is -0.1 (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.

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 private.

Moving together with Amplify Etf

0.71	IPAY	Amplify Digital Payments	Pair Corr
0.61	MJ	Amplify Alternative	Pair Corr
0.83	JEM	707 Cayman Holdings	Pair Corr
0.69	MPAY	Exchange Traded Concepts	Pair Corr

Moving against Amplify Etf

0.84	PULS	PGIM Ultra Short	Pair Corr
0.83	BITI	ProShares Trust	Pair Corr
0.74	CPSR	Calamos SP 500	Pair Corr
0.67	MDBX	Tradr 2X Long	Pair Corr
0.47	XT	iShares Exponential	Pair Corr
0.46	WSML	iShares MSCI World	Pair Corr
0.44	TAN	Invesco Solar ETF	Pair Corr
0.39	DRIV	Global X Autonomous	Pair Corr
0.82	LABU	Direxion Daily SP	Pair Corr
0.82	DJD	Invesco Dow Jones	Pair Corr
0.8	TBXU	Direxion Shares ETF	Pair Corr
0.79	FGD	First Trust Dow	Pair Corr
0.71	FNDF	Schwab Fundamental	Pair Corr
0.69	JEPI	JPMorgan Equity Premium	Pair Corr
0.62	INOV	Innovator ETFs Trust	Pair Corr
0.6	MBB	iShares MBS ETF	Pair Corr
0.59	SPY	SPDR SP 500	Pair Corr
0.57	SPDW	SPDR SP World	Pair Corr
0.52	IXUS	iShares Core MSCI	Pair Corr
0.49	SSO	ProShares Ultra SP500	Pair Corr
0.46	RSSE	First Trust Exchange	Pair Corr
0.38	IEMG	iShares Core MSCI	Pair Corr
0.34	EEMX	SPDR MSCI Emerging	Pair Corr

Related Correlations Analysis

	GGME	MOHR	RESP	JANT	OCTT	BMVP	TDSD	QPFF	DVEM	DRUP
GGME		0.0	0.0	-0.6	-0.35	-0.6	0.0	-0.76	0.0	0.16	GGME
MOHR	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MOHR
RESP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	RESP
JANT	-0.6	0.0	0.0		0.95	0.9	0.0	0.8	0.0	0.52	JANT
OCTT	-0.35	0.0	0.0	0.95		0.85	0.0	0.7	0.0	0.72	OCTT
BMVP	-0.6	0.0	0.0	0.9	0.85		0.0	0.68	0.0	0.42	BMVP
TDSD	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TDSD
QPFF	-0.76	0.0	0.0	0.8	0.7	0.68	0.0		0.0	0.42	QPFF
DVEM	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	DVEM
DRUP	0.16	0.0	0.0	0.52	0.72	0.42	0.0	0.42	0.0		DRUP
	GGME	MOHR	RESP	JANT	OCTT	BMVP	TDSD	QPFF	DVEM	DRUP

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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

OCTT	+ 0.95	JANT
BMVP	+ 0.9	JANT
BMVP	+ 0.85	OCTT
QPFF	+ 0.8	JANT
DRUP	+ 0.72	OCTT
QPFF	+ 0.7	OCTT

High negative correlations

QPFF	- 0.76	GGME
BMVP	- 0.6	GGME
JANT	- 0.6	GGME
OCTT	- 0.35	GGME
DRUP	- 0.0	DVEM
DVEM	- 0.0	QPFF

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
GGME	0.83	(0.24)	0.00	(0.17)	0.00	0.00	1.66	(2.19)	4.90
MOHR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RESP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JANT	0.28	0.02	(0.05)	0.14	0.32	(0.27)	0.61	(0.64)	1.77
OCTT	0.36	(0.01)	(0.08)	0.07	0.46	(0.36)	0.66	(0.92)	2.02
BMVP	0.52	(0.02)	(0.07)	0.06	0.55	(0.56)	0.97	(0.98)	2.60
TDSD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QPFF	0.21	0.05	(0.14)	1.67	0.00	(0.27)	0.51	(0.34)	1.26
DVEM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DRUP	0.84	(0.06)	(0.05)	0.02	1.09	(0.87)	1.89	(2.06)	4.48

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.

Invesco Next Gen Retireful WisdomTree AIM ETF Products AIM ETF Products Invesco Bloomberg MVP Exchange Traded Concepts American Century Investments DVEM GraniteShares ETF Trust American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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