Amplify ETF Correlations

SILJ Etf

USD 10.95 0.28 2.49%

The current 90-days correlation between Amplify ETF Trust and Global X Silver is 0.9 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify ETF Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify ETF Correlation With Market

Significant diversification

The correlation between Amplify ETF Trust and DJI is 0.08 (i.e., Significant 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 World Market Map 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 bureau of economic analysis.

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

Moving together with Amplify Etf

0.89	GDX	VanEck Gold Miners Aggressive Push	Pair Corr
0.9	SIL	Global X Silver	Pair Corr
0.79	SGDM	Sprott Gold Miners	Pair Corr
0.74	SGDJ	Sprott Junior Gold	Pair Corr
0.92	GOAU	US Global GO	Pair Corr
0.82	GOEX	Global X Gold	Pair Corr
0.87	CRIT	Optica Rare Earths	Pair Corr
0.71	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.88	JNJ	Johnson Johnson	Pair Corr
0.77	KO	Coca Cola Earnings Call This Week	Pair Corr

Moving against Amplify Etf

0.82	VCAR	Simplify Volt RoboCar Symbol Change	Pair Corr
0.82	BTCO	Invesco Galaxy Bitcoin	Pair Corr
0.79	TSLL	Direxion Shares ETF	Pair Corr
0.79	TSLR	GraniteShares 175x Long	Pair Corr
0.79	TSLT	T REX 2X	Pair Corr
0.75	BITX	Volatility Shares Trust	Pair Corr
0.71	WMT	Walmart Aggressive Push	Pair Corr
0.74	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.71	AXP	American Express	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.6	BA	Boeing	Pair Corr
0.56	JPM	JPMorgan Chase	Pair Corr
0.54	BAC	Bank of America	Pair Corr
0.46	IBM	International Business Tech Boost	Pair Corr
0.31	MMM	3M Company	Pair Corr

Related Correlations Analysis

	SIL	GDXJ	SLVP	PSLV	SILV
SIL		0.85	0.92	0.9	0.74	SIL
GDXJ	0.85		0.95	0.95	0.75	GDXJ
SLVP	0.92	0.95		0.98	0.73	SLVP
PSLV	0.9	0.95	0.98		0.68	PSLV
SILV	0.74	0.75	0.73	0.68		SILV
	SIL	GDXJ	SLVP	PSLV	SILV

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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
SIL	1.86	(0.21)	0.00	(0.37)	0.00	0.00	3.54	(4.38)	9.90
GDXJ	1.66	(0.10)	0.00	(0.36)	0.00	0.00	3.86	(3.44)	9.76
SLVP	1.76	(0.15)	0.00	(1.16)	0.00	0.00	4.29	(3.30)	10.24
PSLV	1.25	(0.12)	0.00	(0.91)	0.00	0.00	2.36	(2.99)	6.53
SILV	2.97	(0.02)	(0.02)	0.04	3.29	(3.29)	7.42	(4.53)	19.18

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