Simplify Managed Correlations

CTA Etf

USD 30.30 0.06 0.20%

The current 90-days correlation between Simplify Managed Futures and iShares Trust is -0.02 (i.e., Good 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 0.65 (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 population.

Moving together with Simplify Etf

0.97	DBMF	iMGP DBi Managed	Pair Corr
0.87	KMLM	KFA Mount Lucas	Pair Corr
0.95	FMF	First Trust Managed	Pair Corr
0.74	WTMF	WisdomTree Managed	Pair Corr
0.92	OIH	VanEck Oil Services	Pair Corr
0.88	EWC	iShares MSCI Canada	Pair Corr
0.94	EDGI	Advisors Inner	Pair Corr
0.92	GRID	First Trust NASDAQ	Pair Corr
0.91	USRT	iShares Core REIT	Pair Corr
0.92	MBSF	Valued Advisers Trust	Pair Corr
0.83	FNX	First Trust Mid	Pair Corr
0.75	CLSE	Trust For Professional	Pair Corr
0.61	SLV	iShares Silver Trust	Pair Corr
0.62	RNMC	First Trust Mid	Pair Corr
0.8	IEI	iShares 3 7	Pair Corr
0.87	VLU	SPDR SP 1500	Pair Corr
0.8	AAAA	Amplius Aggressive Asset	Pair Corr
0.95	FLMB	Franklin Liberty Federal	Pair Corr
0.94	VFMV	Vanguard Minimum Vol	Pair Corr
0.93	DWM	WisdomTree International	Pair Corr
0.92	PIPE	Invesco SteelPath MLP	Pair Corr
0.8	CLIP	Global X Funds	Pair Corr
0.83	FNDA	Schwab Fundamental Small	Pair Corr
0.89	DFLV	Dimensional ETF Trust Sell-off Trend	Pair Corr
0.94	FOPC	Advisors Inner	Pair Corr
0.73	FPAS	FPA Short Duration	Pair Corr
0.82	ETHO	Amplify Etho Climate	Pair Corr
0.9	CNAV	Mohr Company	Pair Corr
0.84	QTAP	Innovator Growth 100	Pair Corr
0.77	ROMO	Strategy Shares Newf	Pair Corr
0.96	HISF	First Trust High	Pair Corr
0.9	DOGG	First Trust Exchange	Pair Corr
0.89	XFIX	Fm Investments Symbol Change	Pair Corr
0.68	FTCS	First Trust Capital	Pair Corr

Moving against Simplify Etf

0.82	ARKW	ARK Next Generation Low Volatility	Pair Corr
0.75	HUM	Humana Inc	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.1	-0.12	0.05	0.13	-0.26	-0.04	0.18	0.02	0.18	META
MSFT	-0.1		0.84	-0.64	-0.86	0.81	0.93	0.37	-0.92	-0.94	MSFT
UBER	-0.12	0.84		-0.57	-0.77	0.85	0.76	0.22	-0.82	-0.83	UBER
F	0.05	-0.64	-0.57		0.42	-0.55	-0.51	-0.1	0.72	0.67	F
T	0.13	-0.86	-0.77	0.42		-0.68	-0.85	-0.32	0.77	0.77	T
A	-0.26	0.81	0.85	-0.55	-0.68		0.69	0.28	-0.76	-0.85	A
CRM	-0.04	0.93	0.76	-0.51	-0.85	0.69		0.55	-0.84	-0.91	CRM
JPM	0.18	0.37	0.22	-0.1	-0.32	0.28	0.55		-0.2	-0.37	JPM
MRK	0.02	-0.92	-0.82	0.72	0.77	-0.76	-0.84	-0.2		0.92	MRK
XOM	0.18	-0.94	-0.83	0.67	0.77	-0.85	-0.91	-0.37	0.92		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

CRM	+ 0.93	MSFT
XOM	+ 0.92	MRK
A	+ 0.85	UBER
UBER	+ 0.84	MSFT
A	+ 0.81	MSFT
MRK	+ 0.77	T

High negative correlations

XOM	- 0.94	MSFT
MRK	- 0.92	MSFT
XOM	- 0.91	CRM
T	- 0.86	MSFT
XOM	- 0.85	A
CRM	- 0.85	T

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	1.50	0.05	0.02	0.13	1.55	(1.67)	3.43	(2.81)	13.69
MSFT	1.34	(0.29)	0.00	(0.49)	0.00	0.00	2.19	(2.87)	13.28
UBER	1.57	(0.17)	0.00	(0.27)	0.00	0.00	2.70	(3.82)	11.09
F	1.27	0.00	0.00	0.07	1.37	(1.52)	3.61	(2.30)	7.50
T	1.03	0.17	0.07	(0.78)	0.94	(1.22)	3.87	(1.76)	7.44
A	1.24	(0.46)	0.00	(0.38)	0.00	0.00	2.48	(2.73)	7.20
CRM	1.82	(0.31)	0.00	(0.18)	0.00	0.00	3.66	(4.75)	12.37
JPM	1.28	(0.11)	(0.03)	0.01	1.84	(1.30)	2.34	(3.11)	8.17
MRK	1.27	0.27	0.16	0.59	1.18	(1.39)	2.81	(2.06)	8.74
XOM	1.31	0.44	0.25	10.44	1.07	(1.56)	2.90	(2.44)	6.83

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