Amplitude Correlations

AMPL Stock

USD 10.28 0.16 1.58%

The current 90-days correlation between Amplitude and Federal Agricultural Mortgage is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplitude moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplitude moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplitude Correlation With Market

Very weak diversification

The correlation between Amplitude and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplitude and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amplitude Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amplitude. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Amplitude Stock please use our How to buy in Amplitude Stock guide.

Moving together with Amplitude Stock

0.79	U	Unity Software Aggressive Push	Pair Corr
0.61	IAM	Income Asset Management Earnings Call This Week	Pair Corr

Moving against Amplitude Stock

0.67	BKS	Beeks Trading	Pair Corr
0.44	FICO	Fair Isaac	Pair Corr
0.41	MGIC	Magic Software Enter	Pair Corr
0.76	ENSG	Ensign Group	Pair Corr
0.59	MTD	Mettler Toledo Inter	Pair Corr
0.56	FR	First Industrial Realty	Pair Corr
0.51	GGB	Gerdau SA ADR	Pair Corr
0.45	384802AD6	GRAINGER W W	Pair Corr
0.44	DDOG	Datadog	Pair Corr
0.41	CCJ	Cameco Corp	Pair Corr
0.4	OSIS	OSI Systems	Pair Corr
0.34	HNHPF	Hon Hai Precision	Pair Corr
0.34	RGRLF	Star Phoenix Group	Pair Corr
0.31	TFPM	Triple Flag Precious	Pair Corr

Related Correlations Analysis

	AMKR	ACGBY	MRT	ECG	ITCJ	AGM	TRPS	GVA
AMKR		0.65	0.17	0.86	0.0	-0.8	0.0	-0.66	AMKR
ACGBY	0.65		0.35	0.7	0.0	-0.39	0.0	-0.82	ACGBY
MRT	0.17	0.35		0.16	0.0	0.16	0.0	-0.34	MRT
ECG	0.86	0.7	0.16		0.0	-0.7	0.0	-0.7	ECG
ITCJ	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ITCJ
AGM	-0.8	-0.39	0.16	-0.7	0.0		0.0	0.55	AGM
TRPS	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TRPS
GVA	-0.66	-0.82	-0.34	-0.7	0.0	0.55	0.0		GVA
	AMKR	ACGBY	MRT	ECG	ITCJ	AGM	TRPS	GVA

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

ECG	+ 0.86	AMKR
ECG	+ 0.7	ACGBY
ACGBY	+ 0.65	AMKR
GVA	+ 0.55	AGM
MRT	+ 0.35	ACGBY
MRT	+ 0.17	AMKR

High negative correlations

GVA	- 0.82	ACGBY
AGM	- 0.8	AMKR
GVA	- 0.7	ECG
AGM	- 0.7	ECG
GVA	- 0.66	AMKR
AGM	- 0.39	ACGBY

Risk-Adjusted Indicators

There is a big difference between Amplitude Stock performing well and Amplitude Company 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 Amplitude'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
AMKR	2.67	0.52	0.19	0.29	2.62	(3.05)	6.16	(4.29)	24.53
ACGBY	1.22	0.11	0.07	0.22	1.09	(1.38)	2.61	(1.80)	6.52
MRT	2.34	(0.06)	(0.02)	0.01	2.60	(2.88)	7.59	(4.55)	21.55
ECG	2.56	0.14	0.08	0.11	3.03	(2.96)	5.40	(4.97)	15.72
ITCJ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGM	1.29	(0.30)	0.00	(0.46)	0.00	0.00	2.34	(2.85)	9.39
TRPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GVA	0.83	(0.09)	0.00	(0.05)	0.00	0.00	1.79	(1.95)	5.73

Amplitude Corporate Management

Jeffrey Wang	Founder Architect	Profile
Andrew Casey	Chief Officer	Profile
Spenser Skates	CEO CoFounder	Profile
Tifenn Kwan	Chief Officer	Profile
Matt Heinz	Chief Officer	Profile
Sandhya Hegde	VP Marketing	Profile

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