Amplify Bloomberg Correlations

TLTP Etf

25.18 0.18 0.72%

The current 90-days correlation between Amplify Bloomberg and SPDR Barclays Short is 0.16 (i.e., Average diversification). The correlation of Amplify Bloomberg 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 Bloomberg Correlation With Market

Very good diversification

The correlation between Amplify Bloomberg Treasury and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Bloomberg Treasury 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 Bloomberg Treasury. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Amplify Etf

0.64

PFE

Pfizer Inc Aggressive Push

Pair Corr

Moving against Amplify Etf

0.56	ARKW	ARK Next Generation	Pair Corr
0.49	WTMF	WisdomTree Managed	Pair Corr
0.46	EOS	Eaton Vance Enhanced	Pair Corr
0.4	IAUF	IShares	Pair Corr
0.34	EWC	iShares MSCI Canada	Pair Corr
0.55	BAC	Bank of America Aggressive Push	Pair Corr
0.54	DIS	Walt Disney Sell-off Trend	Pair Corr
0.47	ETH	Grayscale Ethereum Mini	Pair Corr
0.43	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.42	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.41	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.39	WMT	Walmart Aggressive Push	Pair Corr
0.36	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Related Correlations Analysis

	SPTS	SPTI	SPLB	SPIB	VGLT
SPTS		0.8	0.86	0.89	0.73	SPTS
SPTI	0.8		0.93	0.94	0.98	SPTI
SPLB	0.86	0.93		0.93	0.9	SPLB
SPIB	0.89	0.94	0.93		0.9	SPIB
VGLT	0.73	0.98	0.9	0.9		VGLT
	SPTS	SPTI	SPLB	SPIB	VGLT

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Amplify Bloomberg Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify Bloomberg 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 Bloomberg'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
SPTS	0.08	(0.01)	(1.28)	(0.36)	0.05	(0.10)	0.17	(0.14)	0.55
SPTI	0.21	(0.01)	0.00	0.33	0.00	0.00	0.42	(0.36)	1.29
SPLB	0.49	(0.04)	0.00	(0.22)	0.00	0.00	0.90	(1.10)	3.09
SPIB	0.17	0.00	(0.59)	0.14	0.19	(0.17)	0.33	(0.39)	1.03
VGLT	0.60	(0.02)	0.00	0.21	0.00	0.00	1.17	(1.38)	3.79

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