Amplify Cybersecurity Correlations

HACK Etf

USD 85.06 0.16 0.19%

The current 90-days correlation between Amplify Cybersecurity ETF and iShares Paris Aligned Climate is 0.69 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify Cybersecurity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify Cybersecurity ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify Cybersecurity Correlation With Market

Good diversification

The correlation between Amplify Cybersecurity ETF and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Cybersecurity ETF 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 Cybersecurity ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Amplify Etf

0.8	IYW	iShares Technology ETF	Pair Corr
0.61	SMH	VanEck Semiconductor ETF	Pair Corr
0.75	SOXX	iShares Semiconductor ETF	Pair Corr
0.98	CIBR	First Trust NASDAQ	Pair Corr
0.81	FTEC	Fidelity MSCI Information	Pair Corr
0.91	IGV	iShares Expanded Tech	Pair Corr
0.85	FDN	First Trust Dow	Pair Corr
0.83	IGM	iShares Expanded Tech	Pair Corr
0.76	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.8	KCSH	KraneShares Trust	Pair Corr
0.83	HFMF	Unlimited HFMF Managed	Pair Corr
0.85	DWAS	Invesco DWA SmallCap	Pair Corr
0.73	QMOM	Alpha Architect Quan	Pair Corr
0.75	GLTR	abrdn Physical Precious	Pair Corr
0.69	BME	BlackRock Health Sciences	Pair Corr
0.78	SDTY	YieldMax SP 500	Pair Corr
0.78	IXP	iShares Global Comm	Pair Corr
0.72	VHT	Vanguard Health Care	Pair Corr
0.78	MFEM	PIMCO RAFI Dynamic	Pair Corr
0.8	ITOT	iShares Core SP	Pair Corr
0.81	AHLT	American Beacon Select	Pair Corr
0.85	EMLC	VanEck JP Morgan	Pair Corr
0.74	MKOR	Matthews International	Pair Corr
0.8	DIVO	Amplify CWP Enhanced	Pair Corr
0.86	XJUN	First Trust Exchange	Pair Corr
0.84	NVBT	AIM ETF Products	Pair Corr
0.82	EAGG	iShares ESG Aggregate	Pair Corr
0.69	IXJ	iShares Global Healthcare	Pair Corr
0.84	UDEC	Innovator SP 500	Pair Corr
0.82	RDVI	FT Cboe Vest	Pair Corr
0.78	FLGV	Franklin Liberty Treasury	Pair Corr
0.86	JUNP	PGIM Large Cap	Pair Corr
0.81	GENT	Spinnaker ETF Series	Pair Corr
0.75	AIPO	Defiance AI Power	Pair Corr
0.8	UMMA	Wahed Dow Jones	Pair Corr

Moving against Amplify Etf

0.76

VIXY

ProShares VIX Short Low Volatility

Pair Corr

Related Correlations Analysis

	PABU	PHO	IHDG	SECT	FXO	ASHR	SNPE	RING	BDYN	SPYX
PABU		0.16	0.95	0.99	0.03	0.86	0.99	0.76	0.0	1.0	PABU
PHO	0.16		0.31	0.17	-0.07	0.19	0.21	0.12	0.0	0.18	PHO
IHDG	0.95	0.31		0.95	-0.03	0.81	0.95	0.77	0.0	0.95	IHDG
SECT	0.99	0.17	0.95		0.11	0.89	0.99	0.82	0.0	0.99	SECT
FXO	0.03	-0.07	-0.03	0.11		0.31	0.03	0.19	0.0	0.07	FXO
ASHR	0.86	0.19	0.81	0.89	0.31		0.87	0.82	0.0	0.88	ASHR
SNPE	0.99	0.21	0.95	0.99	0.03	0.87		0.75	0.0	1.0	SNPE
RING	0.76	0.12	0.77	0.82	0.19	0.82	0.75		0.0	0.77	RING
BDYN	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	BDYN
SPYX	1.0	0.18	0.95	0.99	0.07	0.88	1.0	0.77	0.0		SPYX
	PABU	PHO	IHDG	SECT	FXO	ASHR	SNPE	RING	BDYN	SPYX

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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

SPYX	+ 1.0	PABU
SPYX	+ 1.0	SNPE
SECT	+ 0.99	PABU
SNPE	+ 0.99	PABU
SNPE	+ 0.99	SECT
SPYX	+ 0.99	SECT

High negative correlations

FXO	- 0.07	PHO
FXO	- 0.03	IHDG
SPYX	- 0.0	BDYN
BDYN	- 0.0	RING
BDYN	- 0.0	SNPE
BDYN	- 0.0	ASHR

Amplify Cybersecurity Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify Cybersecurity 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 Cybersecurity'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
PABU	0.55	0.13	0.03	(0.61)	0.64	(0.56)	1.04	(0.93)	4.42
PHO	0.75	0.02	(0.06)	4.73	0.94	(0.74)	1.44	(1.30)	5.47
IHDG	0.44	0.09	0.00	(0.67)	0.41	(0.51)	0.98	(0.65)	3.70
SECT	0.55	0.14	0.05	(0.63)	0.66	(0.57)	1.25	(0.87)	4.63
FXO	0.71	0.04	(0.06)	(0.18)	1.01	(0.79)	1.57	(1.28)	6.22
ASHR	0.96	0.25	0.09	(0.43)	1.05	(1.05)	2.69	(1.49)	7.93
SNPE	0.50	0.13	0.05	(1.06)	0.54	(0.59)	1.26	(0.79)	4.15
RING	1.84	0.35	0.09	1.63	2.78	(1.88)	3.69	(4.44)	15.48
BDYN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SPYX	0.48	0.13	0.04	(0.71)	0.55	(0.55)	1.15	(0.72)	4.14

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