Amplify ETF Correlations

Etfs . USA . 
Etf . Amplify ETF Trust
MJ Etf  USD 21.42  1.11  5.47%   
The current 90-days correlation between Amplify ETF Trust and Cronos Group is 0.51 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify ETF Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify ETF Correlation With Market

Average diversification

The correlation between Amplify ETF Trust and DJI is 0.13 (i.e., Average 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 Correlation 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 inflation.
For more information on how to buy Amplify Etf please use our How to buy in Amplify Etf guide.

Moving together with Amplify Etf

  0.89MSOS AdvisorShares Pure Buyout TrendPairCorr

Moving against Amplify Etf

  0.53NFLX NetflixPairCorr
  0.51VBF Invesco Van KampenPairCorr
  0.41QTOC Innovator ETFs TrustPairCorr
  0.39CGGO Capital Group GlobalPairCorr
  0.39VABS Virtus Newfleet ABSMBSPairCorr
  0.37ITDD iShares TrustPairCorr
  0.37SPIB SPDR Barclays IntermPairCorr
  0.36IPAY Amplify ETF TrustPairCorr
  0.36PFUT Putnam Sustainable FuturePairCorr
  0.36BUFD FT Cboe VestPairCorr
  0.35SRLN SPDR Blackstone SeniorPairCorr
  0.33BOTZ Global X RoboticsPairCorr
  0.32EUSB iShares TrustPairCorr
  0.32MYMF SPDR SSGA My2026PairCorr
  0.32KWEB KraneShares CSI China Aggressive PushPairCorr

Related Correlations Analysis

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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   
TLRY
+ 0.77
YOLO
TLRY
+ 0.69
CURLF
CURLF
+ 0.57
YOLO
TLRY
+ 0.43
CRON
CGC
+ 0.35
CRON
YOLO
+ 0.3
CRON
  
High negative correlations   
TLRY
- 0.31
CGC
CURLF
- 0.24
CGC
CGC
- 0.19
YOLO

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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