Simplify Exchange Correlations

EQLS Etf

20.77 0.12 0.57%

The current 90-days correlation between Simplify Exchange Traded and Strategy Shares is -0.26 (i.e., Very good 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

Modest diversification

The correlation between Simplify Exchange Traded and DJI is 0.22 (i.e., Modest 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 Investing Opportunities 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 bureau of economic analysis.

Moving together with Simplify Etf

0.71

AXP

American Express

Pair Corr

Moving against Simplify Etf

0.59	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr
0.47	INTC	Intel Aggressive Push	Pair Corr
0.44	AA	Alcoa Corp	Pair Corr
0.41	VZ	Verizon Communications Aggressive Push	Pair Corr
0.41	DD	Dupont De Nemours	Pair Corr
0.33	NVDL	GraniteShares 15x Long	Pair Corr
0.33	NVDU	Direxion Daily NVDA	Pair Corr
0.32	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.35	0.51	-0.71	0.82	0.42	-0.1	0.83	-0.78	-0.42	META
MSFT	-0.35		-0.62	0.24	-0.42	0.21	0.69	-0.46	0.58	-0.18	MSFT
UBER	0.51	-0.62		-0.12	0.72	-0.03	-0.48	0.71	-0.74	0.38	UBER
F	-0.71	0.24	-0.12		-0.38	-0.21	0.29	-0.41	0.55	0.78	F
T	0.82	-0.42	0.72	-0.38		0.11	-0.12	0.75	-0.78	-0.02	T
A	0.42	0.21	-0.03	-0.21	0.11		0.21	0.54	-0.03	-0.33	A
CRM	-0.1	0.69	-0.48	0.29	-0.12	0.21		-0.24	0.41	-0.09	CRM
JPM	0.83	-0.46	0.71	-0.41	0.75	0.54	-0.24		-0.78	-0.09	JPM
MRK	-0.78	0.58	-0.74	0.55	-0.78	-0.03	0.41	-0.78		0.1	MRK
XOM	-0.42	-0.18	0.38	0.78	-0.02	-0.33	-0.09	-0.09	0.1		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	+ 0.83	META
T	+ 0.82	META
XOM	+ 0.78	F
JPM	+ 0.75	T
T	+ 0.72	UBER
JPM	+ 0.71	UBER

High negative correlations

MRK	- 0.78	JPM
MRK	- 0.78	T
MRK	- 0.78	META
MRK	- 0.74	UBER
F	- 0.71	META
UBER	- 0.62	MSFT

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	1.31	0.26	0.15	(5.33)	1.48	(1.33)	3.22	(2.31)	7.11
MSFT	0.97	(0.03)	0.00	(0.12)	0.00	0.00	2.20	(1.90)	10.31
UBER	1.93	0.09	0.03	8.55	2.95	(1.87)	4.72	(5.35)	12.29
F	1.36	(0.19)	0.00	(0.25)	0.00	0.00	2.46	(2.90)	10.97
T	0.93	0.27	0.23	0.52	0.93	(1.08)	1.80	(1.75)	7.94
A	1.08	0.10	0.09	0.14	1.02	(1.33)	2.81	(1.91)	6.12
CRM	1.43	(0.06)	0.00	(0.08)	0.00	0.00	3.10	(2.95)	15.92
JPM	0.88	0.10	0.09	0.13	1.16	(0.99)	1.92	(1.43)	6.85
MRK	1.23	(0.06)	0.00	(1.21)	0.00	0.00	2.43	(1.81)	11.57
XOM	0.93	(0.09)	0.00	(0.17)	0.00	0.00	1.76	(2.14)	5.69

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