Amplify Small Correlations

SMAP Etf

USD 25.24 0.05 0.20%

The current 90-days correlation between Amplify Small Mid and Future Vision II is 0.14 (i.e., Average diversification). The correlation of Amplify Small 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 Small Correlation With Market

Average diversification

The correlation between Amplify Small Mid Cap and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Small Mid Cap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amplify Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Amplify Small Mid Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Amplify Etf

0.75	VB	Vanguard Small Cap	Pair Corr
0.68	IJR	iShares Core SP	Pair Corr
0.72	IWM	iShares Russell 2000	Pair Corr
0.68	VRTIX	Vanguard Russell 2000	Pair Corr
0.72	VTWO	Vanguard Russell 2000	Pair Corr
0.66	FNDA	Schwab Fundamental Small	Pair Corr
0.67	SPSM	SPDR Portfolio SP	Pair Corr
0.66	DFAS	Dimensional Small Cap	Pair Corr
0.68	VIOO	Vanguard SP Small	Pair Corr
0.73	PRFZ	Invesco FTSE RAFI	Pair Corr
0.81	VO	Vanguard Mid Cap	Pair Corr
0.68	SAWS	AAM Sawgrass Small	Pair Corr
0.64	EASG	Xtrackers MSCI EAFE	Pair Corr
0.65	FSMD	Fidelity Small Mid	Pair Corr

Related Correlations Analysis

	KVAC	FVN	AACB	IBAC	RIBBR	HSPT	YHNA	SDHI	COLAR	EURK
KVAC		0.31	0.61	-0.01	0.36	0.7	0.46	0.14	0.75	0.5	KVAC
FVN	0.31		0.82	-0.53	0.19	0.66	0.66	0.77	0.49	0.79	FVN
AACB	0.61	0.82		-0.52	0.32	0.83	0.74	0.62	0.68	0.89	AACB
IBAC	-0.01	-0.53	-0.52		-0.15	-0.33	-0.32	-0.47	-0.1	-0.55	IBAC
RIBBR	0.36	0.19	0.32	-0.15		0.27	0.15	0.08	0.4	0.3	RIBBR
HSPT	0.7	0.66	0.83	-0.33	0.27		0.85	0.39	0.79	0.83	HSPT
YHNA	0.46	0.66	0.74	-0.32	0.15	0.85		0.51	0.61	0.82	YHNA
SDHI	0.14	0.77	0.62	-0.47	0.08	0.39	0.51		0.26	0.61	SDHI
COLAR	0.75	0.49	0.68	-0.1	0.4	0.79	0.61	0.26		0.63	COLAR
EURK	0.5	0.79	0.89	-0.55	0.3	0.83	0.82	0.61	0.63		EURK
	KVAC	FVN	AACB	IBAC	RIBBR	HSPT	YHNA	SDHI	COLAR	EURK

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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

EURK	+ 0.89	AACB
YHNA	+ 0.85	HSPT
HSPT	+ 0.83	AACB
EURK	+ 0.83	HSPT
AACB	+ 0.82	FVN
EURK	+ 0.82	YHNA

High negative correlations

EURK	- 0.55	IBAC
IBAC	- 0.53	FVN
IBAC	- 0.52	AACB
SDHI	- 0.47	IBAC
HSPT	- 0.33	IBAC
YHNA	- 0.32	IBAC

Amplify Small Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify Small 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 Small'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
KVAC	0.23	0.02	(0.06)	(0.17)	0.34	(0.80)	0.86	(0.60)	3.07
FVN	0.09	0.01	(0.16)	(0.13)	0.00	(0.32)	0.38	(0.38)	1.33
AACB	0.09	0.01	(0.32)	0.76	0.00	(0.19)	0.29	(0.20)	0.59
IBAC	0.13	(0.04)	0.00	(0.34)	0.00	0.00	0.38	(0.47)	0.96
RIBBR	4.07	(0.26)	0.00	(0.77)	0.00	0.00	9.09	(8.33)	23.33
HSPT	0.14	0.03	(0.09)	0.51	0.00	(0.27)	0.48	(0.19)	1.81
YHNA	0.15	0.01	(0.12)	0.13	0.11	(0.37)	0.48	(0.57)	2.36
SDHI	0.16	0.01	(0.13)	(0.11)	0.22	(0.43)	0.49	(0.39)	3.99
COLAR	12.55	2.32	0.17	1.45	10.94	(19.69)	31.25	(20.00)	142.59
EURK	0.14	0.02	(0.10)	(3.73)	0.00	(0.36)	0.47	(0.45)	1.67

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