Amplify ETF Correlations

GAMR Etf

USD 84.54 0.16 0.19%

The current 90-days correlation between Amplify ETF Trust and VanEck Video Gaming is 0.87 (i.e., Very poor 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

Very poor diversification

The correlation between Amplify ETF Trust and DJI is 0.88 (i.e., Very poor 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 population.

To learn how to invest in Amplify Etf, please use our How to Invest in Amplify ETF guide.

Moving together with Amplify Etf

0.98	XLC	Communication Services	Pair Corr
0.98	VOX	Vanguard Communication	Pair Corr
0.98	FCOM	Fidelity MSCI Commun	Pair Corr
0.95	IYZ	IShares Telecommunicatio Low Volatility	Pair Corr
0.98	ESPO	VanEck Video Gaming	Pair Corr
0.99	IXP	iShares Global Comm	Pair Corr
0.95	HERO	Global X Video	Pair Corr
0.96	SOCL	Global X Social	Pair Corr
0.9	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.93	NFLX	Netflix	Pair Corr
0.97	EMC	Global X Funds	Pair Corr
0.65	FRHC	Freedom Holding Corp	Pair Corr
0.91	VBIL	Vanguard 0 3	Pair Corr
0.92	RNEM	First Trust Emerging	Pair Corr
0.99	VRTL	GraniteShares 2x Long	Pair Corr
0.93	SPCY	STKd 100 percent	Pair Corr
0.98	GE	GE Aerospace	Pair Corr
0.96	DIS	Walt Disney	Pair Corr
0.96	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.96	AXP	American Express	Pair Corr
0.95	IBM	International Business	Pair Corr
0.96	CAT	Caterpillar	Pair Corr
0.65	WMT	Walmart	Pair Corr
0.96	BAC	Bank of America Aggressive Push	Pair Corr
0.73	TRV	The Travelers Companies	Pair Corr

Moving against Amplify Etf

0.8	VXX	iPath Series B	Pair Corr
0.79	HUM	Humana Inc	Pair Corr
0.39	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	ESPO	NERD	SOCL	IPAY	HERO
ESPO		1.0	0.91	0.92	0.99	ESPO
NERD	1.0		0.92	0.91	0.99	NERD
SOCL	0.91	0.92		0.92	0.91	SOCL
IPAY	0.92	0.91	0.92		0.87	IPAY
HERO	0.99	0.99	0.91	0.87		HERO
	ESPO	NERD	SOCL	IPAY	HERO

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ESPO	1.16	0.20	0.11	0.30	1.48	(1.24)	2.50	(1.66)	8.31
NERD	1.22	0.23	0.14	0.34	1.38	(1.37)	2.89	(2.86)	9.33
SOCL	1.53	0.15	0.08	0.18	1.78	(1.64)	3.37	(3.16)	13.00
IPAY	1.41	0.06	0.03	0.09	2.20	(1.35)	3.13	(3.37)	15.31
HERO	1.19	0.29	0.19	0.46	1.24	(1.51)	2.98	(1.75)	8.00

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