Amplify ETF Correlations

SILJ Etf

USD 11.86 0.07 0.59%

The current 90-days correlation between Amplify ETF Trust and Global X Silver is 0.95 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify ETF Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amplify ETF Correlation With Market

Average diversification

The correlation between Amplify ETF Trust and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Amplify ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Amplify Etf please use our How to buy in Amplify Etf guide.

Moving together with Amplify Etf

0.91	GDX	VanEck Gold Miners	Pair Corr
0.9	SIL	Global X Silver	Pair Corr
0.85	SGDM	Sprott Gold Miners	Pair Corr
0.93	SGDJ	Sprott Junior Gold	Pair Corr
0.95	GOAU	US Global GO	Pair Corr
0.96	GOEX	Global X Gold	Pair Corr
0.73	CRIT	Optica Rare Earths	Pair Corr

Moving against Amplify Etf

0.45

Procter Gamble Sell-off Trend

Pair Corr

Related Correlations Analysis

	SIL	GDXJ	SLVP	PSLV	SILV
SIL		0.93	0.96	0.96	0.87	SIL
GDXJ	0.93		0.98	0.95	0.76	GDXJ
SLVP	0.96	0.98		0.97	0.82	SLVP
PSLV	0.96	0.95	0.97		0.8	PSLV
SILV	0.87	0.76	0.82	0.8		SILV
	SIL	GDXJ	SLVP	PSLV	SILV

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Amplify ETF Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify ETF 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 ETF'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
SIL	1.79	0.15	0.02	0.79	2.19	(1.87)	4.98	(3.63)	12.51
GDXJ	1.75	0.04	(0.03)	0.29	2.04	(1.88)	3.90	(3.33)	11.98
SLVP	1.84	0.04	(0.02)	0.27	1.97	(2.18)	4.28	(3.05)	11.29
PSLV	1.57	0.05	(0.03)	0.77	2.07	(1.44)	3.18	(2.90)	9.75
SILV	2.95	0.36	0.06	(0.95)	3.00	(3.47)	8.37	(4.82)	16.03

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