Amplify High Correlations

YYY Etf

USD 11.76 0.01 0.09%

The current 90-days correlation between Amplify High Income and John Hancock Multifactor is 0.71 (i.e., Poor diversification). The correlation of Amplify High 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 High Correlation With Market

Almost no diversification

The correlation between Amplify High Income and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify High Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amplify Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Amplify High Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with Amplify Etf

0.94	TDSC	Cabana Target Drawdown	Pair Corr
0.91	FVC	First Trust Dorsey	Pair Corr
0.88	TDSB	Cabana Target Drawdown	Pair Corr
0.86	GMOM	Cambria Global Momentum Low Volatility	Pair Corr
0.85	TACK	Fairlead Tactical Sector	Pair Corr
0.94	DALI	First Trust Dorsey	Pair Corr
0.9	CPST	Calamos ETF Trust	Pair Corr
0.96	ITDD	iShares Trust	Pair Corr
0.78	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.78	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.67	MRK	Merck Company Earnings Call This Week	Pair Corr
0.84	AA	Alcoa Corp Downward Rally	Pair Corr
0.69	WMT	Walmart Common Stock Sell-off Trend	Pair Corr

Moving against Amplify Etf

0.67	MPAY	Exchange Traded Concepts	Pair Corr
0.54	HPQ	HP Inc	Pair Corr
0.43	MSFT	Microsoft Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	FDRR	CVLC	CSHI	ROBT	PMAY	INDY	VGWIX	EES	INFO	JHSC
FDRR		0.84	0.56	0.33	0.93	-0.44	0.54	0.88	0.88	0.83	FDRR
CVLC	0.84		0.44	0.47	0.82	-0.47	0.45	0.76	0.85	0.75	CVLC
CSHI	0.56	0.44		0.3	0.72	-0.39	0.97	0.76	0.43	0.76	CSHI
ROBT	0.33	0.47	0.3		0.29	-0.15	0.36	0.36	0.57	0.46	ROBT
PMAY	0.93	0.82	0.72	0.29		-0.55	0.7	0.94	0.83	0.91	PMAY
INDY	-0.44	-0.47	-0.39	-0.15	-0.55		-0.34	-0.66	-0.3	-0.68	INDY
VGWIX	0.54	0.45	0.97	0.36	0.7	-0.34		0.75	0.45	0.77	VGWIX
EES	0.88	0.76	0.76	0.36	0.94	-0.66	0.75		0.75	0.97	EES
INFO	0.88	0.85	0.43	0.57	0.83	-0.3	0.45	0.75		0.75	INFO
JHSC	0.83	0.75	0.76	0.46	0.91	-0.68	0.77	0.97	0.75		JHSC
	FDRR	CVLC	CSHI	ROBT	PMAY	INDY	VGWIX	EES	INFO	JHSC

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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

VGWIX	+ 0.97	CSHI
JHSC	+ 0.97	EES
EES	+ 0.94	PMAY
PMAY	+ 0.93	FDRR
JHSC	+ 0.91	PMAY
EES	+ 0.88	FDRR

High negative correlations

JHSC	- 0.68	INDY
EES	- 0.66	INDY
INDY	- 0.55	PMAY
INDY	- 0.47	CVLC
INDY	- 0.44	FDRR
INDY	- 0.39	CSHI

Amplify High Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify High 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 High'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
FDRR	0.51	0.01	(0.01)	0.09	0.60	(0.55)	1.16	(1.05)	3.43
CVLC	0.58	0.03	(0.03)	0.35	0.78	(0.58)	1.18	(1.21)	3.49
CSHI	0.04	0.01	(1.22)	0.32	0.00	(0.05)	0.10	(0.06)	0.26
ROBT	1.08	(0.13)	0.00	(0.03)	0.00	0.00	1.88	(2.68)	5.33
PMAY	0.13	0.01	(0.21)	0.13	0.03	(0.14)	0.36	(0.36)	0.81
INDY	0.55	(0.10)	0.00	(0.36)	0.00	0.00	1.02	(1.00)	3.53
VGWIX	0.21	0.04	(0.08)	0.23	0.00	(0.25)	0.44	(0.35)	1.33
EES	0.77	0.03	0.04	0.10	0.71	(0.90)	2.11	(1.64)	4.61
INFO	0.59	(0.01)	(0.03)	0.06	0.80	(0.59)	1.16	(1.35)	4.11
JHSC	0.77	0.02	0.03	0.09	0.83	(0.83)	1.68	(1.45)	4.20

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