Amplitude Correlations

AMPL Stock

USD 12.59 0.25 1.95%

The current 90-days correlation between Amplitude and Blend Labs is 0.4 (i.e., Very 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

Poor diversification

The correlation between Amplitude and DJI is 0.61 (i.e., Poor 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 american community survey.

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

Moving together with Amplitude Stock

0.63	U	Unity Software Aggressive Push	Pair Corr
0.76	DJCO	Daily Journal Corp	Pair Corr
0.84	AI	C3 Ai Inc	Pair Corr
0.97	BL	Blackline	Pair Corr
0.95	DT	Dynatrace Holdings LLC	Pair Corr
0.84	DV	DoubleVerify Holdings	Pair Corr
0.74	EB	Eventbrite Class A	Pair Corr
0.84	DOMO	Domo Inc Upward Rally	Pair Corr
0.85	VERB	Verb Technology	Pair Corr
0.82	DUOT	Duos Technologies	Pair Corr
0.96	VTEX	VTEX Downward Rally	Pair Corr
0.76	EGAN	eGain	Pair Corr
0.92	ETWO	E2open Parent Holdings	Pair Corr
0.91	API	Agora Inc	Pair Corr
0.91	APP	Applovin Corp	Pair Corr

Moving against Amplitude Stock

0.57	QH	Quhuo Tech Boost	Pair Corr
0.35	VERX	Vertex	Pair Corr
0.82	EXFY	Expensify	Pair Corr
0.79	WETO	Webus International Tech Boost	Pair Corr
0.72	VMEO	Vimeo Inc	Pair Corr
0.61	WALDW	Waldencast Acquisition	Pair Corr
0.5	WFCF	Where Food Comes	Pair Corr
0.48	EPWK	EPWK Holdings	Pair Corr
0.46	FICO	Fair Isaac	Pair Corr
0.43	WALD	Waldencast Acquisition	Pair Corr
0.63	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	BLND	BRZE	EXFY	PD	SEMR	MNDY	GTLB	CFLT	TOST
BLND		0.58	-0.59	0.49	0.43	0.68	0.62	0.32	0.67	BLND
BRZE	0.58		-0.09	0.58	0.8	0.16	0.78	-0.35	0.05	BRZE
EXFY	-0.59	-0.09		0.07	0.2	-0.55	0.0	-0.46	-0.85	EXFY
PD	0.49	0.58	0.07		0.65	0.2	0.85	-0.05	0.13	PD
SEMR	0.43	0.8	0.2	0.65		0.08	0.83	-0.39	-0.1	SEMR
MNDY	0.68	0.16	-0.55	0.2	0.08		0.34	0.63	0.81	MNDY
GTLB	0.62	0.78	0.0	0.85	0.83	0.34		-0.09	0.22	GTLB
CFLT	0.32	-0.35	-0.46	-0.05	-0.39	0.63	-0.09		0.65	CFLT
TOST	0.67	0.05	-0.85	0.13	-0.1	0.81	0.22	0.65		TOST
	BLND	BRZE	EXFY	PD	SEMR	MNDY	GTLB	CFLT	TOST

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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

GTLB	+ 0.85	PD
GTLB	+ 0.83	SEMR
TOST	+ 0.81	MNDY
SEMR	+ 0.8	BRZE
GTLB	+ 0.78	BRZE
MNDY	+ 0.68	BLND

High negative correlations

TOST	- 0.85	EXFY
EXFY	- 0.59	BLND
MNDY	- 0.55	EXFY
CFLT	- 0.46	EXFY
CFLT	- 0.39	SEMR
CFLT	- 0.35	BRZE

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
BLND	1.76	(0.04)	0.00	0.10	2.39	(1.90)	3.94	(4.26)	14.97
BRZE	2.18	(0.08)	(0.01)	0.06	3.97	(2.03)	3.79	(5.06)	24.95
EXFY	2.71	(0.44)	0.00	(0.28)	0.00	0.00	5.02	(5.18)	30.35
PD	1.91	(0.26)	0.00	(0.04)	0.00	0.00	4.12	(4.07)	16.46
SEMR	1.81	(0.16)	(0.03)	0.02	2.83	(1.76)	3.80	(4.68)	15.97
MNDY	1.84	0.08	0.06	0.19	2.27	(1.95)	4.05	(3.41)	13.49
GTLB	2.14	(0.05)	0.00	0.09	3.19	(2.10)	5.20	(5.10)	17.00
CFLT	2.11	0.12	0.05	0.22	3.43	(2.39)	4.17	(3.55)	25.20
TOST	1.89	0.31	0.16	0.39	1.78	(2.35)	3.29	(3.16)	18.53

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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