Simplify Exchange Correlations

CDX Etf

USD 23.03 0.09 0.39%

The current 90-days correlation between Simplify Exchange Traded and Nexalin Technology is 0.27 (i.e., Modest diversification). The correlation of Simplify Exchange 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Simplify Exchange Correlation With Market

Average diversification

The correlation between Simplify Exchange Traded and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simplify Exchange Traded and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Simplify Exchange Traded. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Simplify Etf

0.76	HYG	iShares iBoxx High	Pair Corr
0.71	USHY	iShares Broad USD	Pair Corr
0.62	JNK	SPDR Bloomberg High	Pair Corr
0.68	SHYG	iShares 0 5	Pair Corr
0.75	HYLB	Xtrackers USD High	Pair Corr
0.61	SJNK	SPDR Bloomberg Short	Pair Corr
0.88	ANGL	VanEck Fallen Angel	Pair Corr
0.83	FALN	iShares Fallen Angels	Pair Corr
0.92	HYDW	Xtrackers Low Beta	Pair Corr
0.9	BABX	GraniteShares 175x Long	Pair Corr
0.89	SHNY	Microsectors Gold	Pair Corr
0.85	VRP	Invesco Variable Rate	Pair Corr
0.9	VEA	Vanguard FTSE Developed	Pair Corr
0.9	AVNM	American Century ETF	Pair Corr
0.93	HDV	iShares Core High	Pair Corr
0.77	XLV	Health Care Select	Pair Corr
0.73	VWO	Vanguard FTSE Emerging	Pair Corr
0.97	EVSD	Eaton Vance Short	Pair Corr
0.68	SPYD	SPDR Portfolio SP	Pair Corr
0.89	EWD	iShares MSCI Sweden	Pair Corr
0.97	IBDR	iShares iBonds Dec	Pair Corr
0.97	BSCS	Invesco BulletShares 2028	Pair Corr
0.88	GLTR	abrdn Physical Precious	Pair Corr
0.88	SGDM	Sprott Gold Miners	Pair Corr
0.74	PPT	Putnam Premier Income	Pair Corr
0.92	DSCF	Discipline Fund ETF	Pair Corr
0.67	DIPS	Tidal Trust II	Pair Corr
0.88	VXUS	Vanguard Total Inter	Pair Corr
0.92	YDEC	First Trust Exchange	Pair Corr
0.91	ASET	FlexShares Real Assets	Pair Corr
0.92	ACWV	iShares MSCI Global	Pair Corr
0.66	STEW	SRH Total Return	Pair Corr

Moving against Simplify Etf

0.32

WTID

UBS ETRACS

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.21	0.46	-0.59	0.06	0.5	0.48	0.89	-0.57	-0.31	META
MSFT	0.21		-0.52	-0.12	-0.82	0.84	0.89	0.38	0.42	-0.6	MSFT
UBER	0.46	-0.52		-0.23	0.75	-0.35	-0.45	0.38	-0.83	0.45	UBER
F	-0.59	-0.12	-0.23		0.16	-0.25	-0.3	-0.42	0.34	0.51	F
T	0.06	-0.82	0.75	0.16		-0.72	-0.75	-0.03	-0.66	0.67	T
A	0.5	0.84	-0.35	-0.25	-0.72		0.89	0.64	0.25	-0.58	A
CRM	0.48	0.89	-0.45	-0.3	-0.75	0.89		0.55	0.26	-0.69	CRM
JPM	0.89	0.38	0.38	-0.42	-0.03	0.64	0.55		-0.51	-0.16	JPM
MRK	-0.57	0.42	-0.83	0.34	-0.66	0.25	0.26	-0.51		-0.39	MRK
XOM	-0.31	-0.6	0.45	0.51	0.67	-0.58	-0.69	-0.16	-0.39		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.89	META
CRM	+ 0.89	MSFT
CRM	+ 0.89	A
A	+ 0.84	MSFT
T	+ 0.75	UBER
XOM	+ 0.67	T

High negative correlations

MRK	- 0.83	UBER
T	- 0.82	MSFT
CRM	- 0.75	T
A	- 0.72	T
XOM	- 0.69	CRM
MRK	- 0.66	T

Simplify Exchange Competition Risk-Adjusted Indicators

There is a big difference between Simplify Etf performing well and Simplify Exchange 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 Simplify Exchange'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	1.65	0.02	0.00	(0.03)	0.00	0.00	2.96	(4.29)	8.90
MSFT	1.14	(0.16)	0.00	(0.23)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.91	0.32	0.14	0.37	2.15	(2.02)	4.72	(3.13)	12.75
F	1.50	0.12	0.04	0.04	2.18	(1.47)	2.80	(2.89)	10.14
T	1.00	0.38	0.24	0.68	1.37	(1.17)	1.99	(1.21)	11.66
A	1.15	(0.20)	0.00	(0.25)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.40	(0.29)	0.00	(0.28)	0.00	0.00	2.72	(3.53)	8.88
JPM	1.10	0.09	0.04	0.01	1.66	(1.07)	2.16	(2.12)	6.85
MRK	1.25	(0.19)	0.00	0.84	0.00	0.00	2.07	(2.76)	11.58
XOM	1.02	0.21	0.17	0.39	1.21	(1.10)	2.55	(2.36)	5.89

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