Amplify Junior Correlations

SILJ Etf

USD 18.18 0.66 3.77%

The current 90-days correlation between Amplify Junior Silver and VanEck Junior Gold is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify Junior moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify Junior Silver moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify Junior Correlation With Market

Significant diversification

The correlation between Amplify Junior Silver and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Junior Silver 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 Junior Silver. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Amplify Etf

0.66	GDX	VanEck Gold Miners Aggressive Push	Pair Corr
1.0	SIL	Global X Silver	Pair Corr
0.87	SLVR	Sprott Silver Miners	Pair Corr
0.94	SGDM	Sprott Gold Miners	Pair Corr
0.89	SGDJ	Sprott Junior Gold	Pair Corr
0.9	GOAU	US Global GO	Pair Corr
0.88	GBUG	Sprott Active Gold	Pair Corr
0.87	GOEX	Global X Gold	Pair Corr
0.66	NUGT	Direxion Daily Gold Buyout Trend	Pair Corr
0.75	BNGE	First Trust S	Pair Corr
0.66	GSJY	Goldman Sachs ActiveBeta	Pair Corr
0.75	MPLY	Strategy Shares Monopoly	Pair Corr
0.81	GBAB	Guggenheim Taxable	Pair Corr
0.71	PAVE	Global X Infrastructure	Pair Corr
0.7	DFEV	Dimensional ETF Trust	Pair Corr
0.75	AVUQ	Avantis Quality ETF	Pair Corr

Related Correlations Analysis

	GDXJ	PSLV	SIL	SLVP
GDXJ		0.53	0.58	0.88	GDXJ
PSLV	0.53		0.23	0.82	PSLV
SIL	0.58	0.23		0.5	SIL
SLVP	0.88	0.82	0.5		SLVP
	GDXJ	PSLV	SIL	SLVP

Amplify Junior Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify Junior 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 Junior'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
GDXJ	1.53	0.33	0.13	22.64	1.48	(1.82)	3.63	(2.71)	10.12
PSLV	1.06	0.28	0.13	1.73	0.97	(1.22)	2.37	(2.09)	7.79
SIL	1.49	0.37	0.14	56.99	1.56	(1.68)	3.68	(2.68)	8.59
SLVP	1.65	0.51	0.22	5.41	1.43	(1.88)	3.89	(2.97)	10.92

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Amplify Junior Correlations

Amplify Junior Correlation With Market

Significant diversification

Moving together with Amplify Etf

Related Correlations Analysis

Amplify Junior Constituents Risk-Adjusted Indicators

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