Amplify ETF Correlations

NDIV Etf

USD 29.39 0.11 0.38%

The current 90-days correlation between Amplify ETF Trust and Amplify International Enhanced is -0.25 (i.e., Very good diversification). The correlation of Amplify ETF 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 ETF Correlation With Market

Modest diversification

The correlation between Amplify ETF Trust and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Amplify ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Amplify Etf please use our How to Invest in Amplify ETF guide.

Moving together with Amplify Etf

0.67	MOO	VanEck Agribusiness ETF	Pair Corr
0.66	GE	GE Aerospace	Pair Corr
0.69	CVX	Chevron Corp Earnings Call Today	Pair Corr

Moving against Amplify Etf

0.37

MCD

McDonalds Earnings Call This Week

Pair Corr

Related Correlations Analysis

	IDVO	DIVO	YYY	ISWN	LQDW
IDVO		0.61	0.72	0.59	0.81	IDVO
DIVO	0.61		0.87	0.29	0.69	DIVO
YYY	0.72	0.87		0.61	0.76	YYY
ISWN	0.59	0.29	0.61		0.56	ISWN
LQDW	0.81	0.69	0.76	0.56		LQDW
	IDVO	DIVO	YYY	ISWN	LQDW

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Amplify ETF Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify ETF 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 ETF'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
IDVO	0.55	0.02	(0.07)	0.38	0.71	(0.61)	1.54	(1.28)	4.30
DIVO	0.46	0.03	(0.05)	0.16	0.48	(0.54)	0.94	(0.62)	4.86
YYY	0.45	(0.02)	(0.13)	(0.01)	0.59	(0.49)	0.93	(0.92)	2.89
ISWN	0.52	(0.07)	0.00	(0.17)	0.00	0.00	1.32	(1.34)	3.65
LQDW	0.21	(0.01)	(0.28)	0.00	0.28	(0.21)	0.50	(0.46)	1.82

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