Simplify Managed Correlations

CTA Etf

USD 28.34 0.29 1.03%

The current 90-days correlation between Simplify Managed Futures and Vanguard SP Mid Cap is 0.1 (i.e., Average diversification). The correlation of Simplify Managed 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.

Simplify Managed Correlation With Market

Poor diversification

The correlation between Simplify Managed Futures and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simplify Managed Futures and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Simplify Etf

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

Moving together with Simplify Etf

0.88	DBMF	iMGP DBi Managed	Pair Corr
0.83	KMLM	KFA Mount Lucas	Pair Corr
0.88	FMF	First Trust Managed	Pair Corr
0.71	WTMF	WisdomTree Managed	Pair Corr
0.64	VTI	Vanguard Total Stock	Pair Corr
0.63	SPY	SPDR SP 500	Pair Corr
0.63	IVV	iShares Core SP	Pair Corr
0.78	VTV	Vanguard Value Index	Pair Corr
0.69	VO	Vanguard Mid Cap	Pair Corr
0.85	VEA	Vanguard FTSE Developed	Pair Corr
0.73	VB	Vanguard Small Cap	Pair Corr
0.9	VWO	Vanguard FTSE Emerging	Pair Corr
0.68	STXK	EA Series Trust	Pair Corr
0.71	MART	Allianzim Large Cap	Pair Corr
0.79	EDEN	iShares MSCI Denmark	Pair Corr
0.76	YLD	Principal Active High	Pair Corr
0.72	SFEB	FT Vest Small	Pair Corr
0.63	XTN	SPDR SP Transportation	Pair Corr
0.62	OASC	OneAscent Small Cap	Pair Corr
0.69	SYLD	Cambria Shareholder Yield Low Volatility	Pair Corr
0.88	EEMA	iShares MSCI Emerging	Pair Corr
0.81	ABI	VictoryShares Pioneer	Pair Corr
0.7	XAPR	FT Cboe Vest	Pair Corr
0.76	THD	iShares MSCI Thailand	Pair Corr
0.7	GSIG	Goldman Sachs Access	Pair Corr
0.77	XES	SPDR SP Oil	Pair Corr
0.61	AVIG	Avantis Core Fixed	Pair Corr
0.89	IAUM	iShares Gold Trust	Pair Corr
0.63	SEIX	Virtus ETF Trust	Pair Corr
0.73	BAMU	Brookstone Ultra Short	Pair Corr
0.83	BBEU	JPMorgan BetaBuilders	Pair Corr
0.69	AHYB	American Century ETF	Pair Corr
0.8	BINC	BlackRock ETF Trust	Pair Corr
0.7	GAPR	First Trust Exchange	Pair Corr
0.74	VUSB	Vanguard Ultra Short	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.41	-0.43	0.44	-0.01	-0.57	0.03	0.31	0.43	0.45	META
MSFT	-0.41		0.72	-0.56	-0.09	0.49	0.62	0.04	-0.8	-0.83	MSFT
UBER	-0.43	0.72		-0.49	0.12	0.59	0.23	-0.16	-0.8	-0.59	UBER
F	0.44	-0.56	-0.49		-0.39	-0.33	-0.1	0.38	0.71	0.65	F
T	-0.01	-0.09	0.12	-0.39		0.27	-0.38	-0.15	-0.12	-0.09	T
A	-0.57	0.49	0.59	-0.33	0.27		0.12	-0.06	-0.41	-0.62	A
CRM	0.03	0.62	0.23	-0.1	-0.38	0.12		0.59	-0.29	-0.64	CRM
JPM	0.31	0.04	-0.16	0.38	-0.15	-0.06	0.59		0.25	-0.11	JPM
MRK	0.43	-0.8	-0.8	0.71	-0.12	-0.41	-0.29	0.25		0.72	MRK
XOM	0.45	-0.83	-0.59	0.65	-0.09	-0.62	-0.64	-0.11	0.72		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

UBER	+ 0.72	MSFT
XOM	+ 0.72	MRK
MRK	+ 0.71	F
XOM	+ 0.65	F
CRM	+ 0.62	MSFT
A	+ 0.59	UBER

High negative correlations

XOM	- 0.83	MSFT
MRK	- 0.8	UBER
MRK	- 0.8	MSFT
XOM	- 0.64	CRM
XOM	- 0.62	A
XOM	- 0.59	UBER

Simplify Managed Competition Risk-Adjusted Indicators

There is a big difference between Simplify Etf performing well and Simplify Managed 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 Managed'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	1.55	(0.03)	(0.02)	0.02	1.62	(1.79)	3.43	(2.72)	13.36
MSFT	1.23	(0.36)	0.00	(1.95)	0.00	0.00	1.78	(2.70)	13.28
UBER	1.57	(0.43)	0.00	(0.52)	0.00	0.00	2.46	(5.06)	10.23
F	1.22	0.04	0.04	0.10	1.20	(1.45)	3.38	(2.35)	7.16
T	0.95	0.11	0.06	0.72	0.94	(1.05)	2.02	(1.76)	4.31
A	1.22	(0.18)	0.00	(0.08)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.64	(0.42)	0.00	(0.32)	0.00	0.00	2.94	(5.31)	12.37
JPM	1.12	(0.03)	0.00	0.03	1.63	(1.14)	2.18	(3.11)	7.38
MRK	1.32	0.46	0.31	0.65	1.07	(1.63)	3.59	(1.98)	8.09
XOM	1.15	0.00	0.27	0.00	0.92	(1.37)	2.69	(2.11)	5.85

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