Correlation Between Amplify Junior and WisdomTree International
Can any of the company-specific risk be diversified away by investing in both Amplify Junior and WisdomTree International 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 WisdomTree International 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 WisdomTree International Hedged, you can compare the effects of market volatilities on Amplify Junior and WisdomTree International 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 WisdomTree International. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amplify Junior and WisdomTree International.
Diversification Opportunities for Amplify Junior and WisdomTree International
0.83 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Amplify and WisdomTree is 0.83. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Junior Silver and WisdomTree International Hedge in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WisdomTree International 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 WisdomTree International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WisdomTree International has no effect on the direction of Amplify Junior i.e., Amplify Junior and WisdomTree International go up and down completely randomly.
Pair Corralation between Amplify Junior and WisdomTree International
Given the investment horizon of 90 days Amplify Junior Silver is expected to generate 5.42 times more return on investment than WisdomTree International. However, Amplify Junior is 5.42 times more volatile than WisdomTree International Hedged. It trades about 0.12 of its potential returns per unit of risk. WisdomTree International Hedged is currently generating about 0.22 per unit of risk. If you would invest 2,451 in Amplify Junior Silver on October 13, 2025 and sell it today you would earn a total of 605.00 from holding Amplify Junior Silver or generate 24.68% 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. WisdomTree International Hedge
Performance |
| Timeline |
| Amplify Junior Silver |
| WisdomTree International |
Amplify Junior and WisdomTree International Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Amplify Junior and WisdomTree International
The main advantage of trading using opposite Amplify Junior and WisdomTree International positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amplify Junior position performs unexpectedly, WisdomTree International 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 WisdomTree International will offset losses from the drop in WisdomTree International's long position.| Amplify Junior vs. WisdomTree International Hedged | Amplify Junior vs. Amplify Cybersecurity ETF | Amplify Junior vs. iShares Paris Aligned Climate | Amplify Junior vs. Main Sector Rotation |
| WisdomTree International vs. WisdomTree Emerging Markets | WisdomTree International vs. iShares MSCI USA | WisdomTree International vs. Amplify Junior Silver | WisdomTree International vs. SPDR SP 400 |
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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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