Correlation Between Amplify Junior and Invesco BulletShares
Can any of the company-specific risk be diversified away by investing in both Amplify Junior and Invesco BulletShares 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 Amplify Junior and Invesco BulletShares into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Amplify Junior Silver and Invesco BulletShares 2028, you can compare the effects of market volatilities on Amplify Junior and Invesco BulletShares 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 Amplify Junior with a short position of Invesco BulletShares. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amplify Junior and Invesco BulletShares.
Diversification Opportunities for Amplify Junior and Invesco BulletShares
0.87 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Amplify and Invesco is 0.87. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Junior Silver and Invesco BulletShares 2028 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Invesco BulletShares 2028 and Amplify Junior 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 Amplify Junior Silver are associated (or correlated) with Invesco BulletShares. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Invesco BulletShares 2028 has no effect on the direction of Amplify Junior i.e., Amplify Junior and Invesco BulletShares go up and down completely randomly.
Pair Corralation between Amplify Junior and Invesco BulletShares
Given the investment horizon of 90 days Amplify Junior Silver is expected to generate 24.39 times more return on investment than Invesco BulletShares. However, Amplify Junior is 24.39 times more volatile than Invesco BulletShares 2028. It trades about 0.29 of its potential returns per unit of risk. Invesco BulletShares 2028 is currently generating about 0.3 per unit of risk. If you would invest 1,547 in Amplify Junior Silver on July 20, 2025 and sell it today you would earn a total of 937.00 from holding Amplify Junior Silver or generate 60.57% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Amplify Junior Silver vs. Invesco BulletShares 2028
Performance |
| Timeline |
| Amplify Junior Silver |
| Invesco BulletShares 2028 |
Amplify Junior and Invesco BulletShares Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Amplify Junior and Invesco BulletShares
The main advantage of trading using opposite Amplify Junior and Invesco BulletShares positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amplify Junior position performs unexpectedly, Invesco BulletShares 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 Invesco BulletShares will offset losses from the drop in Invesco BulletShares' long position.| Amplify Junior vs. Capital Group Core | Amplify Junior vs. iShares Dow Jones | Amplify Junior vs. Nuveen Growth Opportunities | Amplify Junior vs. Fundstrat Granny Shots |
| Invesco BulletShares vs. Invesco BulletShares 2025 | Invesco BulletShares vs. Invesco BulletShares 2029 | Invesco BulletShares vs. First Trust Emerging | Invesco BulletShares vs. Invesco BulletShares 2030 |
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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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