Amplify Correlations

MVPS Etf

USD 23.59 0.00 0.00%

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

Significant diversification

The correlation between Amplify and DJI is 0.07 (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.

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 persons.

Moving against Amplify Etf

0.39	FBL	GraniteShares 15x Long	Pair Corr
0.55	KO	Coca Cola Aggressive Push	Pair Corr
0.43	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.38	VZ	Verizon Communications Aggressive Push	Pair Corr
0.37	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.37	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.35	T	ATT Inc Earnings Call Today	Pair Corr

Related Correlations Analysis

	NBCT	BRRAY	MSTSX	ABHYX	LBHIX	RRTLX	XTWO	KNF	KLKNF	GBEN
NBCT		0.57	0.54	0.56	0.6	0.6	0.61	0.22	0.69	0.0	NBCT
BRRAY	0.57		0.9	0.8	0.69	0.88	0.78	0.3	0.77	0.0	BRRAY
MSTSX	0.54	0.9		0.68	0.75	0.97	0.82	0.28	0.84	0.0	MSTSX
ABHYX	0.56	0.8	0.68		0.6	0.7	0.64	0.39	0.54	0.0	ABHYX
LBHIX	0.6	0.69	0.75	0.6		0.82	0.89	0.65	0.81	0.0	LBHIX
RRTLX	0.6	0.88	0.97	0.7	0.82		0.87	0.36	0.88	0.0	RRTLX
XTWO	0.61	0.78	0.82	0.64	0.89	0.87		0.54	0.84	0.0	XTWO
KNF	0.22	0.3	0.28	0.39	0.65	0.36	0.54		0.37	0.0	KNF
KLKNF	0.69	0.77	0.84	0.54	0.81	0.88	0.84	0.37		0.0	KLKNF
GBEN	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GBEN
	NBCT	BRRAY	MSTSX	ABHYX	LBHIX	RRTLX	XTWO	KNF	KLKNF	GBEN

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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

RRTLX	+ 0.97	MSTSX
MSTSX	+ 0.9	BRRAY
XTWO	+ 0.89	LBHIX
RRTLX	+ 0.88	BRRAY
KLKNF	+ 0.88	RRTLX
XTWO	+ 0.87	RRTLX

High negative correlations

GBEN	- 0.0	KLKNF
GBEN	- 0.0	KNF
GBEN	- 0.0	XTWO
GBEN	- 0.0	RRTLX
GBEN	- 0.0	LBHIX
GBEN	- 0.0	ABHYX

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
NBCT	0.70	0.14	0.12	3.70	0.64	(0.82)	1.42	(1.37)	3.82
BRRAY	5.76	2.37	0.19	(0.94)	3.11	(29.13)	17.76	(10.94)	120.98
MSTSX	0.65	0.15	0.16	0.61	0.44	(0.81)	0.93	(1.09)	12.28
ABHYX	0.09	0.00	(0.16)	0.24	0.00	(0.19)	0.23	(0.23)	0.92
LBHIX	0.17	0.06	0.11	0.52	0.00	(0.33)	0.24	(0.24)	2.38
RRTLX	0.26	0.04	0.04	0.17	0.15	(0.33)	0.57	(0.49)	3.30
XTWO	0.05	0.00	(0.63)	0.10	0.00	(0.06)	0.10	(0.10)	0.27
KNF	2.04	0.23	0.10	0.17	2.28	(2.34)	4.35	(3.57)	16.62
KLKNF	2.40	1.27	0.00	(1.63)	0.00	0.00	3.58	0.00	49.18
GBEN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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.

Neuberger Berman Carbon Barloworld Ltd ADR Morningstar Unconstrained Allocation High Yield Municipal Fund Thrivent High Yield T Rowe Price Bondbloxx ETF Trust Knife River Klckner Co SE Global Resource Ener American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

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