Amplify ETF Correlations

Etfs . USA . 
Etf . Amplify ETF Trust
IPAY Etf  USD 60.43  0.74  1.24%   
The current 90-days correlation between Amplify ETF Trust and Global X FinTech is -0.24 (i.e., Very good diversification). The correlation of Amplify ETF is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Amplify ETF Correlation With Market

Good diversification

The correlation between Amplify ETF Trust and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify ETF Trust and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Amplify Etf
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Amplify ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Amplify Etf please use our How to Invest in Amplify ETF guide.

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Related Correlations Analysis

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Amplify ETF Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify ETF 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 ETF'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.

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