Correlation Between Series Portfolios and Amplify High

Can any of the company-specific risk be diversified away by investing in both Series Portfolios and Amplify High at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Series Portfolios and Amplify High into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Series Portfolios Trust and Amplify High Income, you can compare the effects of market volatilities on Series Portfolios and Amplify High and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Series Portfolios with a short position of Amplify High. Check out your portfolio center. Please also check ongoing floating volatility patterns of Series Portfolios and Amplify High.

Diversification Opportunities for Series Portfolios and Amplify High

0.57

Correlation Coefficient

Series Portfolios  Amplify High

Very weak diversification

The 3 months correlation between Series and Amplify is 0.57. Overlapping area represents the amount of risk that can be diversified away by holding Series Portfolios Trust and Amplify High Income in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Amplify High Income and Series Portfolios is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Series Portfolios Trust are associated (or correlated) with Amplify High. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Amplify High Income has no effect on the direction of Series Portfolios i.e., Series Portfolios and Amplify High go up and down completely randomly.

Pair Corralation between Series Portfolios and Amplify High

Given the investment horizon of 90 days Series Portfolios Trust is expected to generate 3.48 times more return on investment than Amplify High. However, Series Portfolios is 3.48 times more volatile than Amplify High Income. It trades about 0.07 of its potential returns per unit of risk. Amplify High Income is currently generating about 0.04 per unit of risk. If you would invest  4,045  in Series Portfolios Trust on September 10, 2025 and sell it today you would earn a total of  300.00  from holding Series Portfolios Trust or generate 7.42% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

Series Portfolios Trust  vs.  Amplify High Income

Series Portfolios Trust

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Series Portfolios Trust are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak basic indicators, Series Portfolios may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Amplify High Income

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Amplify High Income are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong basic indicators, Amplify High is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Series Portfolios and Amplify High

The main advantage of trading using opposite Series Portfolios and Amplify High positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Series Portfolios position performs unexpectedly, Amplify High can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amplify High will offset losses from the drop in Amplify High's long position.

The idea behind Series Portfolios Trust and Amplify High Income pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..