Amplitude Correlations

AMPL Stock

USD 10.73 0.10 0.92%

The current 90-days correlation between Amplitude and Fastly Inc is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplitude moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplitude moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplitude Correlation With Market

Very weak diversification

The correlation between Amplitude and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplitude and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amplitude Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amplitude. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Amplitude Stock please use our How to buy in Amplitude Stock guide.

Moving together with Amplitude Stock

0.66	300609	Winner Information	Pair Corr
0.71	S247	Smarttech247 Group PLC	Pair Corr
0.67	MTEC	Made Tech Group	Pair Corr
0.7	MANH	Manhattan Associates	Pair Corr
0.77	FNX	Fonix Mobile plc	Pair Corr
0.77	RDT	Rosslyn Data Technologies	Pair Corr

Moving against Amplitude Stock

0.75	BKS	Beeks Trading	Pair Corr
0.43	301269	Empyrean Technology	Pair Corr
0.36	MSFT	Microsoft Corp CDR	Pair Corr
0.31	PCOR	Procore Technologies	Pair Corr
0.78	NEE	Nextera Energy	Pair Corr
0.75	PATH	Uipath Inc	Pair Corr
0.69	BKKPF	Bangkok Bank Public	Pair Corr
0.66	SZKMF	Suzuki Motor	Pair Corr
0.58	UEC	Uranium Energy Corp	Pair Corr
0.56	PLG	Platinum Group Metals	Pair Corr
0.52	CGUD	Com GuardCom	Pair Corr
0.5	GEBHF	Genting Berhad	Pair Corr
0.46	DSKYF	Daiichi Sankyo	Pair Corr
0.46	SNPHF	Santen Pharmaceutical	Pair Corr
0.46	DRDGF	Drdgold	Pair Corr

Related Correlations Analysis

	FSLY	PAR	KARO	VMEO	ALIT	YALA	HKD	RZLV	KDK	UCTT
FSLY		-0.47	-0.22	0.55	-0.8	-0.44	0.06	-0.02	-0.58	0.23	FSLY
PAR	-0.47		0.26	-0.9	0.8	0.7	-0.37	-0.32	0.79	-0.81	PAR
KARO	-0.22	0.26		0.0	0.5	0.4	0.04	0.67	0.23	0.02	KARO
VMEO	0.55	-0.9	0.0		-0.73	-0.58	0.42	0.56	-0.69	0.78	VMEO
ALIT	-0.8	0.8	0.5	-0.73		0.67	-0.25	0.07	0.78	-0.47	ALIT
YALA	-0.44	0.7	0.4	-0.58	0.67		0.13	0.03	0.66	-0.44	YALA
HKD	0.06	-0.37	0.04	0.42	-0.25	0.13		0.33	-0.18	0.34	HKD
RZLV	-0.02	-0.32	0.67	0.56	0.07	0.03	0.33		-0.03	0.51	RZLV
KDK	-0.58	0.79	0.23	-0.69	0.78	0.66	-0.18	-0.03		-0.6	KDK
UCTT	0.23	-0.81	0.02	0.78	-0.47	-0.44	0.34	0.51	-0.6		UCTT
	FSLY	PAR	KARO	VMEO	ALIT	YALA	HKD	RZLV	KDK	UCTT

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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

ALIT	+ 0.8	PAR
KDK	+ 0.79	PAR
UCTT	+ 0.78	VMEO
KDK	+ 0.78	ALIT
YALA	+ 0.7	PAR
RZLV	+ 0.67	KARO

High negative correlations

VMEO	- 0.9	PAR
UCTT	- 0.81	PAR
ALIT	- 0.8	FSLY
ALIT	- 0.73	VMEO
KDK	- 0.69	VMEO
UCTT	- 0.6	KDK

Risk-Adjusted Indicators

There is a big difference between Amplitude Stock performing well and Amplitude Company 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 Amplitude'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
FSLY	3.10	0.78	0.30	0.75	2.21	(3.99)	5.38	(3.88)	39.80
PAR	1.77	(0.51)	0.00	(0.25)	0.00	0.00	2.35	(3.75)	16.76
KARO	1.90	(0.11)	0.00	(0.01)	0.00	0.00	5.56	(4.26)	23.83
VMEO	2.38	1.27	1.36	(1.88)	0.00	(3.23)	4.57	(1.19)	61.43
ALIT	1.91	(0.77)	0.00	(0.44)	0.00	0.00	2.99	(4.78)	13.67
YALA	1.61	(0.24)	0.00	(0.17)	0.00	0.00	3.14	(3.53)	14.49
HKD	3.96	0.15	0.04	0.15	4.85	(5.50)	6.71	(8.72)	93.20
RZLV	5.71	0.01	0.02	0.07	5.64	(7.46)	14.20	(10.79)	35.36
KDK	4.26	(0.76)	0.00	(0.21)	0.00	0.00	8.78	(12.87)	41.55
UCTT	2.75	(0.11)	0.00	0.03	3.54	(2.84)	7.21	(6.23)	17.59

Amplitude Corporate Management

Jeffrey Wang	Founder Architect	Profile
Andrew Casey	Chief Officer	Profile
Spenser Skates	CEO CoFounder	Profile
Tifenn Kwan	Chief Officer	Profile
Matt Heinz	Chief Officer	Profile
Sandhya Hegde	VP Marketing	Profile

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