Amplify Alternative Correlations

MJ Etf

USD 33.84 0.88 2.53%

The current 90-days correlation between Amplify Alternative and 6 Meridian Low is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify Alternative moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify Alternative Harvest moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify Alternative Correlation With Market

Significant diversification

The correlation between Amplify Alternative Harvest and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Alternative Harvest and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amplify Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Amplify Alternative Harvest. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Amplify Etf

0.7	ICLN	iShares Global Clean	Pair Corr
0.66	XT	iShares Exponential	Pair Corr
0.75	TAN	Invesco Solar ETF	Pair Corr
0.67	QCLN	First Trust NASDAQ	Pair Corr
0.73	DRIV	Global X Autonomous	Pair Corr
0.69	ACES	ALPS Clean Energy	Pair Corr
0.96	MSOS	AdvisorShares Pure	Pair Corr
0.61	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.65	URNM	Sprott Uranium Miners	Pair Corr
0.7	XME	SPDR SP Metals	Pair Corr
0.76	WCEO	Hypatia Women Ceo	Pair Corr
0.75	OCTW	AIM ETF Products	Pair Corr
0.74	TBLL	Invesco Short Term	Pair Corr
0.73	SETM	Sprott Energy Transition Downward Rally	Pair Corr
0.67	NVBU	AllianzIM Equity Buffer15	Pair Corr
0.66	COAL	Exchange Traded Concepts	Pair Corr
0.72	IVVB	Blackrock ETF Trust	Pair Corr
0.77	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.64	BAC	Bank of America Aggressive Push	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.68	DD	Dupont De Nemours	Pair Corr

Moving against Amplify Etf

0.59

MLPR

ETRACS Quarterly Pay

Pair Corr

Related Correlations Analysis

	SIXL	TUG	BFEB	EDGF	PRFD	CNRG	FDEV	EPU	UMAR	NVD
SIXL		0.32	0.49	0.51	0.38	0.34	0.73	0.44	0.52	-0.01	SIXL
TUG	0.32		0.97	0.82	0.93	0.92	0.73	0.9	0.96	-0.72	TUG
BFEB	0.49	0.97		0.89	0.95	0.9	0.83	0.94	1.0	-0.61	BFEB
EDGF	0.51	0.82	0.89		0.93	0.85	0.83	0.91	0.9	-0.39	EDGF
PRFD	0.38	0.93	0.95	0.93		0.91	0.78	0.94	0.95	-0.53	PRFD
CNRG	0.34	0.92	0.9	0.85	0.91		0.68	0.95	0.9	-0.66	CNRG
FDEV	0.73	0.73	0.83	0.83	0.78	0.68		0.79	0.84	-0.33	FDEV
EPU	0.44	0.9	0.94	0.91	0.94	0.95	0.79		0.94	-0.57	EPU
UMAR	0.52	0.96	1.0	0.9	0.95	0.9	0.84	0.94		-0.58	UMAR
NVD	-0.01	-0.72	-0.61	-0.39	-0.53	-0.66	-0.33	-0.57	-0.58		NVD
	SIXL	TUG	BFEB	EDGF	PRFD	CNRG	FDEV	EPU	UMAR	NVD

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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

UMAR	+ 1.0	BFEB
BFEB	+ 0.97	TUG
UMAR	+ 0.96	TUG
PRFD	+ 0.95	BFEB
UMAR	+ 0.95	PRFD
EPU	+ 0.95	CNRG

High negative correlations

NVD	- 0.72	TUG
NVD	- 0.66	CNRG
NVD	- 0.61	BFEB
NVD	- 0.58	UMAR
NVD	- 0.57	EPU
NVD	- 0.53	PRFD

Amplify Alternative Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify Alternative 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 Alternative'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
SIXL	0.44	(0.03)	(0.14)	0.01	0.48	(0.50)	1.12	(0.81)	2.31
TUG	0.69	0.07	0.07	0.14	0.80	(0.75)	1.46	(1.30)	5.35
BFEB	0.33	0.02	(0.03)	0.11	0.33	(0.37)	0.77	(0.50)	2.66
EDGF	0.10	0.01	(0.50)	0.40	0.00	(0.14)	0.28	(0.20)	0.81
PRFD	0.11	0.05	(0.18)	(13.33)	0.00	(0.14)	0.31	(0.19)	0.72
CNRG	1.59	0.43	0.24	0.33	1.45	(1.75)	4.42	(3.03)	11.41
FDEV	0.42	0.01	(0.07)	0.09	0.47	(0.42)	0.89	(0.91)	2.43
EPU	1.11	0.27	0.16	0.44	1.30	(1.22)	2.35	(2.45)	8.25
UMAR	0.19	0.01	(0.14)	0.11	0.11	(0.22)	0.47	(0.33)	1.63
NVD	2.80	(0.15)	0.00	0.15	0.00	0.00	6.72	(7.00)	15.63

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