Amplify Travel Tech ETF (AWAY) — Stock Correlations & Overview
Over the past year, AWAY has moved most closely with ISHP, EBIZ, MILN. Explore the stocks most correlated and inversely correlated with AWAY below, along with its price, financials, and company profile.
Stocks correlated with AWAY
Correlation of daily returns. Higher positive values move with AWAY; negative values move opposite it. Informational only, not investment advice.
Most correlated with AWAY
| Symbol | Company | Correlation |
|---|---|---|
| ISHP | First Trust Exchange-Traded Fund VI First Trust S-Network E-Commerce ETF | 0.76 |
| EBIZ | Global X E-commerce ETF | 0.75 |
| MILN | Global X Funds Global X Millennial Consumer ETF | 0.74 |
| FLYU | MicroSectors Travel 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.74 |
| IBUY | Amplify Online Retail ETF | 0.74 |
Most inversely correlated with AWAY
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.73 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.66 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.64 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.61 |
| SDOW | ProShares UltraPro Short Dow 30 | -0.59 |
Frequently asked questions about AWAY correlations
- Which stocks are most correlated with AWAY?
- Based on one year of daily returns, the stocks most correlated with Amplify Travel Tech ETF (AWAY) are ISHP (0.76), EBIZ (0.75) and MILN (0.74). 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 AWAY?
- Over the past year, the stocks most inversely correlated with Amplify Travel Tech ETF (AWAY) are FLYD (-0.73), WEBS (-0.66) and SCC (-0.64). 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 AWAY correlations calculated?
- We compute the correlation of daily returns between AWAY 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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