Simplify Macro Correlations
| FIG Etf | USD 22.13 0.24 1.10% |
The current 90-days correlation between Simplify Macro Strategy and Lazard is 0.43 (i.e., Very weak diversification). The correlation of Simplify Macro 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 Macro Correlation With Market
Very weak diversification
The correlation between Simplify Macro Strategy and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simplify Macro Strategy and DJI in the same portfolio, assuming nothing else is changed.
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Related Correlations Analysis
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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
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Simplify Macro Constituents Risk-Adjusted Indicators
There is a big difference between Simplify Etf performing well and Simplify Macro 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 Macro'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MBI | 2.86 | 0.70 | 0.25 | 0.40 | 2.44 | 7.12 | 21.33 | |||
| LAZ | 1.58 | 0.05 | 0.10 | 0.11 | 1.38 | 3.61 | 18.37 | |||
| BX | 1.23 | 0.39 | 0.32 | 0.35 | 0.74 | 3.21 | 8.48 | |||
| MTG | 1.06 | (0.02) | (0.02) | 0.06 | 1.70 | 2.01 | 8.56 | |||
| GHL | 4.22 | 1.58 | 0.41 | (11.59) | 1.89 | 5.75 | 117.24 |