Amplify Energy Correlations
AMPY Stock | USD 7.50 0.30 4.17% |
The correlation of Amplify Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Amplify Energy Corp and NYA is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify Energy Corp and NYA in the same portfolio, assuming nothing else is changed.
Amplify |
The ability to find closely correlated positions to Amplify Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amplify Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amplify Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amplify Energy Corp to buy it.
Moving together with Amplify Stock
0.74 | AR | Antero Resources Corp Earnings Call This Week | PairCorr |
0.7 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
0.79 | SD | SandRidge Energy | PairCorr |
0.7 | SM | SM Energy Financial Report 25th of April 2024 | PairCorr |
0.79 | DMLP | Dorchester Minerals | PairCorr |
0.7 | VIST | Vista Oil Gas Earnings Call Tomorrow | PairCorr |
0.73 | VTLE | Vital Energy Financial Report 14th of May 2024 | PairCorr |
0.8 | EPSN | Epsilon Energy | PairCorr |
0.7 | FANG | Diamondback Energy Financial Report 6th of May 2024 | PairCorr |
0.73 | APA | APA Corporation Financial Report 1st of May 2024 | PairCorr |
0.67 | BRN | Barnwell Industries | PairCorr |
0.85 | BRY | Berry Petroleum Corp Financial Report 1st of May 2024 | PairCorr |
0.82 | BTE | Baytex Energy Corp Financial Report 2nd of May 2024 | PairCorr |
0.73 | CHK | Chesapeake Energy Corp Financial Report 7th of May 2024 | PairCorr |
0.73 | CNQ | Canadian Natural Res Financial Report 2nd of May 2024 | PairCorr |
0.84 | CNX | CNX Resources Corp Earnings Call This Week | PairCorr |
Moving against Amplify Stock
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Amplify Stock performing well and Amplify Energy Company 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 Energy'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
META | 1.74 | 0.31 | 0.19 | 0.32 | 1.45 | 3.27 | 24.74 | |||
MSFT | 0.94 | (0.05) | (0.05) | 0.03 | 1.08 | 2.11 | 5.31 | |||
UBER | 1.59 | (0.04) | 0.02 | 0.06 | 1.62 | 2.83 | 18.39 | |||
F | 1.64 | 0.11 | 0.11 | 0.12 | 1.66 | 4.88 | 9.61 | |||
T | 0.95 | (0.02) | (0.05) | 0.03 | 1.18 | 2.18 | 5.92 | |||
A | 1.16 | (0.07) | (0.02) | 0.03 | 1.42 | 2.26 | 6.31 | |||
CRM | 1.24 | (0.12) | (0.04) | 0.00 | 1.95 | 2.83 | 10.84 | |||
JPM | 0.82 | 0.09 | 0.08 | 0.15 | 1.25 | 1.94 | 8.65 | |||
MRK | 0.65 | 0.04 | 0.04 | 0.13 | 0.64 | 1.18 | 6.92 | |||
XOM | 0.79 | 0.30 | 0.30 | 0.73 | 0.45 | 1.96 | 4.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Amplify Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio Holdings Now
Portfolio HoldingsCheck your current holdings and cash postion to detemine if your portfolio needs rebalancing |
All Next | Launch Module |
Amplify Energy Corporate Directors
Amplify Energy corporate directors refer to members of an Amplify Energy board of directors. The board of directors generally takes responsibility for the Amplify Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Amplify Energy's board members must vote for the resolution. The Amplify Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Randal Klein | Independent Director | Profile | |
Neal Goldman | Director | Profile | |
David Proman | Independent Director | Profile | |
Evan Lederman | Independent Director | Profile |
Already Invested in Amplify Energy Corp?
The danger of trading Amplify Energy Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Amplify Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Amplify Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Amplify Energy Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Amplify Energy Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Amplify Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Amplify Energy Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Amplify Energy Corp Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amplify Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Amplify Stock analysis
When running Amplify Energy's price analysis, check to measure Amplify Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Amplify Energy is operating at the current time. Most of Amplify Energy's value examination focuses on studying past and present price action to predict the probability of Amplify Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amplify Energy's price. Additionally, you may evaluate how the addition of Amplify Energy to your portfolios can decrease your overall portfolio volatility.
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities |
Is Amplify Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Amplify Energy. If investors know Amplify will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Amplify Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.453 | Earnings Share 9.63 | Revenue Per Share 7.436 | Quarterly Revenue Growth 0.253 | Return On Assets 0.0818 |
The market value of Amplify Energy Corp is measured differently than its book value, which is the value of Amplify that is recorded on the company's balance sheet. Investors also form their own opinion of Amplify Energy's value that differs from its market value or its book value, called intrinsic value, which is Amplify Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Amplify Energy's market value can be influenced by many factors that don't directly affect Amplify Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Amplify Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.