Amplify Transformational Correlations

BLOK Etf

USD 61.07 2.44 3.84%

The current 90-days correlation between Amplify Transformational and Brown Advisory Flexible is 0.69 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify Transformational moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify Transformational Data moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify Transformational Correlation With Market

Very weak diversification

The correlation between Amplify Transformational Data and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Transformational Data and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amplify Etf

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

Moving together with Amplify Etf

0.96	BLCN	Siren Nasdaq NexGen	Pair Corr
0.96	BITQ	Bitwise Funds Trust Downward Rally	Pair Corr
0.99	DAPP	VanEck Digital Trans	Pair Corr
0.9	CRPT	First Trust SkyBridge	Pair Corr
0.98	FDIG	Fidelity Crypto Industry	Pair Corr
0.72	HECO	SPDR Galaxy Hedged	Pair Corr
0.97	BITS	Global X Blockchain	Pair Corr
0.93	STCE	Schwab Strategic Trust	Pair Corr
0.98	IBLC	iShares Blockchain and Downward Rally	Pair Corr
0.81	DFEN	Direxion Daily Aerospace	Pair Corr
0.81	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.77	URNM	Sprott Uranium Miners	Pair Corr
0.67	TSLL	Direxion Shares ETF Buyout Trend	Pair Corr
0.76	HPQ	HP Inc	Pair Corr
0.77	BA	Boeing	Pair Corr

Moving against Amplify Etf

0.66	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.54	DIG	ProShares Ultra Oil	Pair Corr
0.71	TRV	The Travelers Companies	Pair Corr
0.61	CSCO	Cisco Systems	Pair Corr
0.59	MRK	Merck Company	Pair Corr
0.55	MMM	3M Company	Pair Corr
0.49	JNJ	Johnson Johnson	Pair Corr
0.47	MCD	McDonalds	Pair Corr
0.37	BAC	Bank of America Aggressive Push	Pair Corr
0.37	AXP	American Express	Pair Corr
0.31	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	BAFE	EUSA	KLMT	GLOV	QVML	DTD	DRSK	ARKF	LCTU	FDLO
BAFE		0.9	0.49	0.54	0.34	0.56	0.19	0.53	0.39	0.43	BAFE
EUSA	0.9		0.68	0.73	0.58	0.78	0.35	0.36	0.63	0.61	EUSA
KLMT	0.49	0.68		0.64	0.92	0.71	0.67	0.1	0.94	0.67	KLMT
GLOV	0.54	0.73	0.64		0.73	0.94	0.25	-0.26	0.7	0.95	GLOV
QVML	0.34	0.58	0.92	0.73		0.78	0.6	-0.13	0.99	0.78	QVML
DTD	0.56	0.78	0.71	0.94	0.78		0.28	-0.23	0.76	0.93	DTD
DRSK	0.19	0.35	0.67	0.25	0.6	0.28		0.31	0.63	0.26	DRSK
ARKF	0.53	0.36	0.1	-0.26	-0.13	-0.23	0.31		-0.05	-0.4	ARKF
LCTU	0.39	0.63	0.94	0.7	0.99	0.76	0.63	-0.05		0.74	LCTU
FDLO	0.43	0.61	0.67	0.95	0.78	0.93	0.26	-0.4	0.74		FDLO
	BAFE	EUSA	KLMT	GLOV	QVML	DTD	DRSK	ARKF	LCTU	FDLO

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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

LCTU	+ 0.99	QVML
FDLO	+ 0.95	GLOV
LCTU	+ 0.94	KLMT
DTD	+ 0.94	GLOV
FDLO	+ 0.93	DTD
QVML	+ 0.92	KLMT

High negative correlations

FDLO	- 0.4	ARKF
ARKF	- 0.26	GLOV
ARKF	- 0.23	DTD
ARKF	- 0.13	QVML
LCTU	- 0.05	ARKF

Amplify Transformational Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify Transformational 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 Transformational'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
BAFE	0.61	(0.06)	(0.06)	0.01	0.92	(0.53)	1.30	(1.34)	3.19
EUSA	0.59	(0.05)	(0.06)	0.02	0.80	(0.57)	1.08	(1.32)	3.25
KLMT	0.61	(0.01)	(0.03)	0.05	1.00	(0.55)	1.18	(1.53)	4.85
GLOV	0.38	(0.03)	(0.13)	0.01	0.42	(0.44)	0.81	(0.67)	2.18
QVML	0.51	(0.01)	(0.03)	0.05	0.75	(0.49)	1.19	(1.02)	3.20
DTD	0.43	(0.02)	(0.08)	0.04	0.49	(0.48)	0.93	(0.83)	2.48
DRSK	0.44	(0.04)	(0.13)	(0.01)	0.55	(0.46)	0.86	(0.89)	3.53
ARKF	1.66	(0.28)	0.00	(0.07)	0.00	0.00	2.72	(4.76)	9.60
LCTU	0.58	(0.01)	(0.02)	0.05	0.86	(0.53)	1.30	(1.24)	3.27
FDLO	0.41	(0.02)	(0.08)	0.03	0.50	(0.44)	0.94	(0.72)	2.42

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