Amplify BlackSwan Correlations

SWAN Etf

USD 30.70 0.14 0.46%

The current 90-days correlation between Amplify BlackSwan Growth and WisdomTree 9060 Balanced is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify BlackSwan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify BlackSwan Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify BlackSwan Correlation With Market

Poor diversification

The correlation between Amplify BlackSwan Growth and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify BlackSwan Growth and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amplify Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Amplify BlackSwan Growth. 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.

Moving together with Amplify Etf

0.96	ACIO	Aptus Collared Income	Pair Corr
0.96	ADME	Aptus Drawdown Managed	Pair Corr
0.84	PHDG	Invesco SP 500	Pair Corr
0.98	MSTB	ETF Series Solutions	Pair Corr
0.99	HEGD	Swan Hedged Equity	Pair Corr
0.89	VAMO	Cambria Value	Pair Corr
0.98	HEQT	Simplify Exchange Traded	Pair Corr
0.96	GTR	WisdomTree Target Range	Pair Corr
0.62	AMPD	Tidal ETF Services	Pair Corr
0.78	PMBS	PIMCO Mortgage Backed	Pair Corr
0.99	ITDD	iShares Trust	Pair Corr
0.95	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.85	HIDE	Alpha Architect High	Pair Corr
0.98	BUFD	FT Cboe Vest	Pair Corr
0.86	VBF	Invesco Van Kampen	Pair Corr
0.74	KGRN	KraneShares MSCI China	Pair Corr
0.81	EUSB	iShares Trust	Pair Corr
0.92	DIS	Walt Disney	Pair Corr
0.96	BAC	Bank of America	Pair Corr
0.93	IBM	International Business Earnings Call Tomorrow	Pair Corr
0.87	MMM	3M Company	Pair Corr
0.88	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.97	CAT	Caterpillar	Pair Corr
0.95	AXP	American Express	Pair Corr
0.97	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.97	CSCO	Cisco Systems	Pair Corr
0.89	AA	Alcoa Corp	Pair Corr
0.9	PFE	Pfizer Inc	Pair Corr
0.89	BA	Boeing Earnings Call This Week	Pair Corr

Moving against Amplify Etf

0.55	CCOR	Core Alternative ETF	Pair Corr
0.72	MCD	McDonalds	Pair Corr
0.53	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.45	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.81	0.54	0.92	0.25	0.93	0.23	0.54	META
MSFT	0.98		0.86	0.84	0.5	0.88	0.25	0.95	0.24	0.53	MSFT
UBER	0.84	0.86		0.9	0.4	0.8	0.52	0.88	0.21	0.48	UBER
F	0.81	0.84	0.9		0.39	0.84	0.24	0.91	0.43	0.7	F
T	0.54	0.5	0.4	0.39		0.51	0.15	0.49	0.27	0.21	T
A	0.92	0.88	0.8	0.84	0.51		0.16	0.89	0.33	0.66	A
CRM	0.25	0.25	0.52	0.24	0.15	0.16		0.19	-0.27	-0.14	CRM
JPM	0.93	0.95	0.88	0.91	0.49	0.89	0.19		0.3	0.6	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.33	-0.27	0.3		0.55	MRK
XOM	0.54	0.53	0.48	0.7	0.21	0.66	-0.14	0.6	0.55		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MSFT	+ 0.98	META
JPM	+ 0.95	MSFT
JPM	+ 0.93	META
A	+ 0.92	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.27	CRM
XOM	- 0.14	CRM

Amplify BlackSwan Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify BlackSwan 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 BlackSwan'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
META	1.50	0.30	0.24	0.36	1.02	(1.80)	3.99	(2.35)	10.48
MSFT	0.89	0.31	0.27	0.48	0.52	(1.06)	2.33	(1.08)	8.85
UBER	1.63	0.19	0.12	0.32	1.40	(2.06)	4.19	(2.54)	10.87
F	1.29	0.20	0.10	0.41	1.39	(1.42)	2.69	(2.33)	7.46
T	1.03	(0.05)	(0.09)	0.02	1.34	(1.08)	2.35	(2.35)	5.71
A	1.46	0.18	0.00	(0.42)	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.14)	(0.05)	0.04	1.71	(1.31)	2.95	(3.19)	9.31
JPM	0.90	0.35	0.18	(2.74)	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.38	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.13	0.06	(0.03)	0.46	1.38	(1.13)	2.40	(2.58)	6.28

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