Correlation Between Unlimited HFMF and Amplify Cybersecurity
Can any of the company-specific risk be diversified away by investing in both Unlimited HFMF and Amplify Cybersecurity at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Unlimited HFMF and Amplify Cybersecurity into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Unlimited HFMF Managed and Amplify Cybersecurity ETF, you can compare the effects of market volatilities on Unlimited HFMF and Amplify Cybersecurity and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Unlimited HFMF with a short position of Amplify Cybersecurity. Check out your portfolio center. Please also check ongoing floating volatility patterns of Unlimited HFMF and Amplify Cybersecurity.
Diversification Opportunities for Unlimited HFMF and Amplify Cybersecurity
0.79 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Unlimited and Amplify is 0.79. Overlapping area represents the amount of risk that can be diversified away by holding Unlimited HFMF Managed and Amplify Cybersecurity ETF in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Amplify Cybersecurity ETF and Unlimited HFMF is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Unlimited HFMF Managed are associated (or correlated) with Amplify Cybersecurity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Amplify Cybersecurity ETF has no effect on the direction of Unlimited HFMF i.e., Unlimited HFMF and Amplify Cybersecurity go up and down completely randomly.
Pair Corralation between Unlimited HFMF and Amplify Cybersecurity
Given the investment horizon of 90 days Unlimited HFMF Managed is expected to generate 74.99 times more return on investment than Amplify Cybersecurity. However, Unlimited HFMF is 74.99 times more volatile than Amplify Cybersecurity ETF. It trades about 0.11 of its potential returns per unit of risk. Amplify Cybersecurity ETF is currently generating about 0.07 per unit of risk. If you would invest 0.00 in Unlimited HFMF Managed on August 17, 2025 and sell it today you would earn a total of 2,080 from holding Unlimited HFMF Managed or generate 9.223372036854776E16% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 17.94% |
| Values | Daily Returns |
Unlimited HFMF Managed vs. Amplify Cybersecurity ETF
Performance |
| Timeline |
| Unlimited HFMF Managed |
| Amplify Cybersecurity ETF |
Unlimited HFMF and Amplify Cybersecurity Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Unlimited HFMF and Amplify Cybersecurity
The main advantage of trading using opposite Unlimited HFMF and Amplify Cybersecurity positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Unlimited HFMF position performs unexpectedly, Amplify Cybersecurity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amplify Cybersecurity will offset losses from the drop in Amplify Cybersecurity's long position.| Unlimited HFMF vs. Pacer BlueStar Engineering | Unlimited HFMF vs. Themes Natural Monopoly | Unlimited HFMF vs. USCF Sustainable Battery | Unlimited HFMF vs. Spinnaker ETF Series |
| Amplify Cybersecurity vs. iShares Paris Aligned Climate | Amplify Cybersecurity vs. Amplify Junior Silver | Amplify Cybersecurity vs. Main Sector Rotation | Amplify Cybersecurity vs. SPDR SP 500 |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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