Correlation Between Amplify BlackSwan and Amplify BlackSwan

Can any of the company-specific risk be diversified away by investing in both Amplify BlackSwan and Amplify BlackSwan 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 Amplify BlackSwan and Amplify BlackSwan into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Amplify BlackSwan Growth and Amplify BlackSwan ISWN, you can compare the effects of market volatilities on Amplify BlackSwan and Amplify BlackSwan 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 Amplify BlackSwan with a short position of Amplify BlackSwan. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amplify BlackSwan and Amplify BlackSwan.

Diversification Opportunities for Amplify BlackSwan and Amplify BlackSwan

0.84

Correlation Coefficient

Amplify BlackSwan  Amplify BlackSwan

Very poor diversification

The 3 months correlation between Amplify and Amplify is 0.84. Overlapping area represents the amount of risk that can be diversified away by holding Amplify BlackSwan Growth and Amplify BlackSwan ISWN in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Amplify BlackSwan ISWN and Amplify BlackSwan 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 Amplify BlackSwan Growth are associated (or correlated) with Amplify BlackSwan. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Amplify BlackSwan ISWN has no effect on the direction of Amplify BlackSwan i.e., Amplify BlackSwan and Amplify BlackSwan go up and down completely randomly.

Pair Corralation between Amplify BlackSwan and Amplify BlackSwan

Given the investment horizon of 90 days Amplify BlackSwan Growth is expected to generate 0.7 times more return on investment than Amplify BlackSwan. However, Amplify BlackSwan Growth is 1.43 times less risky than Amplify BlackSwan. It trades about 0.25 of its potential returns per unit of risk. Amplify BlackSwan ISWN is currently generating about 0.13 per unit of risk. If you would invest  2,927  in Amplify BlackSwan Growth on May 24, 2025 and sell it today you would earn a total of  215.00  from holding Amplify BlackSwan Growth or generate 7.35% return on investment over 90 days.

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

Amplify BlackSwan Growth  vs.  Amplify BlackSwan ISWN

Amplify BlackSwan Growth

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Amplify BlackSwan Growth are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. In spite of very weak basic indicators, Amplify BlackSwan may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Amplify BlackSwan ISWN

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Amplify BlackSwan ISWN are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Amplify BlackSwan is not utilizing all of its potentials. The latest stock price disarray, may contribute to short-term losses for the investors.

Pair Trading with Amplify BlackSwan and Amplify BlackSwan

The main advantage of trading using opposite Amplify BlackSwan and Amplify BlackSwan positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amplify BlackSwan position performs unexpectedly, Amplify BlackSwan 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 BlackSwan will offset losses from the drop in Amplify BlackSwan's long position.

The idea behind Amplify BlackSwan Growth and Amplify BlackSwan ISWN 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.

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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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.