Amplify Small-Mid Cap Equity ETF (SMAP) Correlation Distribution
Across 6,099 rolling correlation observations between Amplify Small-Mid Cap Equity ETF (SMAP) and other NASDAQ-listed stocks, 39.6% are positive and 60.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.071, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 19.4% and strong negative correlations (≤−0.7) for 14.8%.
- Total observations
- 6,099
- Mean correlation
- -0.071
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.6%
- Strong positive (≥0.7)
- 19.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 76 | 1.2% | |
| -0.9 to -0.8 | 413 | 6.8% | |
| -0.8 to -0.7 | 412 | 6.8% | |
| -0.7 to -0.6 | 581 | 9.5% | |
| -0.6 to -0.5 | 580 | 9.5% | |
| -0.5 to -0.4 | 455 | 7.5% | |
| -0.4 to -0.3 | 454 | 7.4% | |
| -0.3 to -0.2 | 261 | 4.3% | |
| -0.2 to -0.1 | 261 | 4.3% | |
| -0.1 to 0.0 | 188 | 3.1% | |
| 0.0 to 0.1 | 187 | 3.1% | |
| 0.1 to 0.2 | 161 | 2.6% | |
| 0.2 to 0.3 | 160 | 2.6% | |
| 0.3 to 0.4 | 155 | 2.5% | |
| 0.4 to 0.5 | 154 | 2.5% | |
| 0.5 to 0.6 | 208 | 3.4% | |
| 0.6 to 0.7 | 207 | 3.4% | |
| 0.7 to 0.8 | 334 | 5.5% | |
| 0.8 to 0.9 | 333 | 5.5% | |
| 0.9 to 1.0 | 519 | 8.5% |
Frequently asked questions
What is the average correlation of SMAP?
Amplify Small-Mid Cap Equity ETF (SMAP) has an average correlation of about -0.071 with other NASDAQ stocks, based on 6,099 pairwise observations.
Is SMAP positively correlated with other stocks?
Not predominantly — 39.6% of pairs are positive and 60.4% are negative. Strong positive correlations (≥0.7) make up 19.4%.
What is the most common correlation range for SMAP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20% of all pairs.
Explore the full interactive correlation distribution for SMAP.
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