| BLOK Etf | | | USD 61.19 0.06 0.1% |
The current 90-days correlation between Amplify Transformational and ARK Fintech Innovation is -0.16 (i.e., Good 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 0.4 (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.
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