GraniteShares YieldBOOST AMD ETF (AMYY) — Stock Correlations & Overview
Over the past year, AMYY has moved most closely with AMDL, AMD, AMDG. Explore the stocks most correlated and inversely correlated with AMYY below, along with its price, financials, and company profile.
Stocks correlated with AMYY
Correlation of daily returns. Higher positive values move with AMYY; negative values move opposite it. Informational only, not investment advice.
Most correlated with AMYY
| Symbol | Company | Correlation |
|---|---|---|
| AMDL | GraniteShares 2x Long AMD Daily ETF | 0.70 |
| AMD | Advanced Micro DevicesSEMICONDUCTORS & RELATED DEVICES | 0.70 |
| AMDG | Leverage Shares 2X Long AMD Daily ETF | 0.70 |
| AMUU | Direxion Shares ETF Trust Direxion Daily AMD Bull 2X ETF | 0.69 |
| AMDW | Roundhill AMD WeeklyPay ETF | 0.68 |
Most inversely correlated with AMYY
| Symbol | Company | Correlation |
|---|---|---|
| AMDD | Direxion Shares ETF Trust Direxion Daily AMD Bear 1X ETF | -0.68 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.60 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.58 |
| SSG | ProShares UltraShort Semiconductors | -0.56 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.55 |
Frequently asked questions about AMYY correlations
- Which stocks are most correlated with AMYY?
- Based on one year of daily returns, the stocks most correlated with GraniteShares YieldBOOST AMD ETF (AMYY) are AMDL (0.70), AMD (0.70) and AMDG (0.70). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with AMYY?
- Over the past year, the stocks most inversely correlated with GraniteShares YieldBOOST AMD ETF (AMYY) are AMDD (-0.68), TSXD (-0.60) and SOXS (-0.58). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these AMYY correlations calculated?
- We compute the correlation of daily returns between AMYY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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