Amplify Junior Correlations

SILJ Etf

USD 22.84 0.13 0.57%

The current 90-days correlation between Amplify Junior Silver and Capital Group Core is 0.4 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify Junior moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify Junior Silver moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify Junior Correlation With Market

Average diversification

The correlation between Amplify Junior Silver and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Junior Silver and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amplify Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Amplify Junior Silver. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Amplify Etf

0.99	GDX	VanEck Gold Miners	Pair Corr
0.99	SIL	Global X Silver	Pair Corr
0.99	SLVR	Sprott Silver Miners	Pair Corr
0.99	SGDM	Sprott Gold Miners	Pair Corr
1.0	SGDJ	Sprott Junior Gold	Pair Corr
0.99	GOAU	US Global GO	Pair Corr
0.99	GBUG	Sprott Active Gold	Pair Corr
0.99	GOEX	Global X Gold	Pair Corr
0.99	JNUG	Direxion Daily Junior	Pair Corr
0.95	SHNY	Microsectors Gold	Pair Corr
0.99	NUGT	Direxion Daily Gold	Pair Corr
0.86	TESL	Simplify Volt TSLA Symbol Change	Pair Corr
0.89	TARK	AXS 2X Innovation	Pair Corr
0.99	GDXU	MicroSectors Gold Miners	Pair Corr
0.91	IXN	iShares Global Tech	Pair Corr
0.97	SETM	Sprott Energy Transition	Pair Corr
0.91	NVBU	AllianzIM Equity Buffer15	Pair Corr
0.63	WCEO	Hypatia Women Ceo	Pair Corr
0.79	IBM	International Business	Pair Corr
0.61	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.74	DD	Dupont De Nemours	Pair Corr
0.93	INTC	Intel Aggressive Push	Pair Corr
0.87	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.66	JPM	JPMorgan Chase	Pair Corr
0.74	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Amplify Etf

0.51	WTID	UBS ETRACS Downward Rally	Pair Corr
0.31	CRIT	Exchange Traded Concepts	Pair Corr
0.79	DIS	Walt Disney Sell-off Trend	Pair Corr
0.5	PG	Procter Gamble	Pair Corr
0.5	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	CGBL	IYY	NUGO	GRNY	IYH	EPI	SPGP	QTEC	IVLU	USCL
CGBL		0.98	0.96	0.93	0.81	0.24	0.86	0.89	0.79	0.97	CGBL
IYY	0.98		0.96	0.93	0.83	0.21	0.88	0.91	0.83	0.99	IYY
NUGO	0.96	0.96		0.96	0.74	0.18	0.77	0.89	0.76	0.96	NUGO
GRNY	0.93	0.93	0.96		0.73	0.24	0.69	0.95	0.64	0.96	GRNY
IYH	0.81	0.83	0.74	0.73		0.37	0.82	0.8	0.72	0.83	IYH
EPI	0.24	0.21	0.18	0.24	0.37		0.13	0.33	0.17	0.28	EPI
SPGP	0.86	0.88	0.77	0.69	0.82	0.13		0.72	0.81	0.85	SPGP
QTEC	0.89	0.91	0.89	0.95	0.8	0.33	0.72		0.58	0.94	QTEC
IVLU	0.79	0.83	0.76	0.64	0.72	0.17	0.81	0.58		0.76	IVLU
USCL	0.97	0.99	0.96	0.96	0.83	0.28	0.85	0.94	0.76		USCL
	CGBL	IYY	NUGO	GRNY	IYH	EPI	SPGP	QTEC	IVLU	USCL

Please upgrade your account to get full access to Macroaxis premium features

Amplify Junior Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify Junior 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 Junior'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
CGBL	0.37	0.01	(0.02)	0.07	0.33	(0.43)	0.86	(0.57)	2.54
IYY	0.49	0.04	0.05	0.09	0.57	(0.58)	1.16	(0.64)	4.25
NUGO	0.73	0.06	0.05	0.12	0.97	(0.73)	1.51	(1.66)	5.54
GRNY	0.81	0.08	0.07	0.12	0.97	(0.90)	1.60	(1.61)	5.56
IYH	0.67	0.07	0.06	0.13	0.78	(0.68)	1.69	(1.51)	4.69
EPI	0.57	(0.01)	0.00	(1.01)	0.00	0.00	1.08	(1.24)	2.61
SPGP	0.63	(0.02)	(0.01)	0.03	0.75	(0.66)	1.45	(0.99)	5.47
QTEC	0.90	0.06	0.06	0.09	1.18	(0.94)	2.20	(1.61)	7.32
IVLU	0.54	0.02	0.01	0.08	0.60	(0.57)	1.16	(0.79)	3.51
USCL	0.49	0.02	0.02	0.07	0.61	(0.54)	1.02	(0.75)	4.02

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC