Amplify Cybersecurity Correlations

HACK Etf

USD 80.37 0.92 1.13%

The current 90-days correlation between Amplify Cybersecurity ETF and iShares Paris Aligned Climate is 0.78 (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

Very weak diversification

The correlation between Amplify Cybersecurity ETF and DJI is 0.59 (i.e., Very weak 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 services.

Moving together with Amplify Etf

0.98	CIBR	First Trust NASDAQ	Pair Corr
0.89	IGV	iShares Expanded Tech	Pair Corr
0.88	FDN	First Trust Dow	Pair Corr

Moving against Amplify Etf

0.66	AMPD	Tidal ETF Services	Pair Corr
0.66	ZJAN	Innovator Equity Defined	Pair Corr
0.63	SLX	VanEck Steel ETF	Pair Corr
0.59	GBUG	Sprott Active Gold	Pair Corr
0.49	SIXS	6 Meridian Small	Pair Corr
0.44	CPST	Calamos ETF Trust	Pair Corr
0.4	SMLV	SPDR SSGA Small	Pair Corr
0.38	CSD	Invesco SP Spin	Pair Corr
0.35	XSVN	Bondbloxx ETF Trust	Pair Corr
0.31	TJUL	Innovator Etfs Trust	Pair Corr
0.83	PHT	PHT	Pair Corr
0.8	CLOX	Series Portfolios Trust	Pair Corr
0.71	FROG	Jfrog	Pair Corr
0.66	MYCI	SPDR SSGA My2029	Pair Corr
0.66	ZSB	USCF Sustainable Battery	Pair Corr
0.65	FSST	Fidelity Sustainability	Pair Corr
0.65	PBJA	PGIM Rock ETF	Pair Corr
0.63	CPSU	Calamos SP 500	Pair Corr
0.62	SGOL	abrdn Physical Gold	Pair Corr

Related Correlations Analysis

	PABU	SILJ	SECT	SPYX	IHDG	FLIN	FNCL	SMLF	MDYG	SNPE
PABU		0.27	0.91	0.92	0.65	0.23	0.42	0.71	0.74	0.81	PABU
SILJ	0.27		0.58	0.51	0.75	-0.13	0.8	0.68	0.7	0.57	SILJ
SECT	0.91	0.58		0.95	0.82	0.05	0.71	0.9	0.92	0.87	SECT
SPYX	0.92	0.51	0.95		0.86	0.22	0.6	0.8	0.85	0.97	SPYX
IHDG	0.65	0.75	0.82	0.86		0.15	0.75	0.74	0.8	0.91	IHDG
FLIN	0.23	-0.13	0.05	0.22	0.15		-0.38	-0.18	-0.13	0.27	FLIN
FNCL	0.42	0.8	0.71	0.6	0.75	-0.38		0.83	0.86	0.6	FNCL
SMLF	0.71	0.68	0.9	0.8	0.74	-0.18	0.83		0.98	0.72	SMLF
MDYG	0.74	0.7	0.92	0.85	0.8	-0.13	0.86	0.98		0.78	MDYG
SNPE	0.81	0.57	0.87	0.97	0.91	0.27	0.6	0.72	0.78		SNPE
	PABU	SILJ	SECT	SPYX	IHDG	FLIN	FNCL	SMLF	MDYG	SNPE

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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

MDYG	+ 0.98	SMLF
SNPE	+ 0.97	SPYX
SPYX	+ 0.95	SECT
SPYX	+ 0.92	PABU
MDYG	+ 0.92	SECT
SECT	+ 0.91	PABU

High negative correlations

FNCL	- 0.38	FLIN
SMLF	- 0.18	FLIN
MDYG	- 0.13	FLIN
FLIN	- 0.13	SILJ

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	0.62	(0.01)	(0.02)	0.05	0.92	(0.58)	1.34	(1.37)	3.57
SILJ	2.49	0.32	0.10	0.27	3.22	(2.69)	6.14	(5.64)	17.75
SECT	0.65	0.00	0.00	0.06	0.93	(0.63)	1.30	(1.57)	3.71
SPYX	0.58	0.00	(0.01)	0.06	0.85	(0.55)	1.24	(1.24)	3.29
IHDG	0.53	0.04	0.04	0.11	0.60	(0.60)	1.03	(1.16)	3.32
FLIN	0.53	0.03	(0.04)	0.31	0.62	(0.54)	1.27	(1.01)	3.60
FNCL	0.66	(0.03)	(0.03)	0.03	0.92	(0.73)	1.36	(1.70)	4.51
SMLF	0.85	(0.05)	(0.03)	0.02	1.22	(0.80)	1.53	(1.93)	4.68
MDYG	0.78	(0.04)	(0.03)	0.02	1.04	(0.75)	1.77	(1.72)	4.29
SNPE	0.53	0.03	0.02	0.09	0.73	(0.53)	1.21	(1.02)	3.14

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