Simplify Bitcoin Correlations

MAXI Etf

USD 10.19 0.11 1.09%

The current 90-days correlation between Simplify Bitcoin Strategy and Regents Park Hedged is 0.18 (i.e., Average diversification). The correlation of Simplify Bitcoin 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 Bitcoin Correlation With Market

Excellent diversification

The correlation between Simplify Bitcoin Strategy and DJI is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simplify Bitcoin Strategy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Simplify Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Simplify Bitcoin Strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

Moving together with Simplify Etf

0.98	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.98	BITO	ProShares Bitcoin Aggressive Push	Pair Corr
0.98	BTC	Grayscale Bitcoin Mini	Pair Corr
0.98	BTF	CoinShares Bitcoin and	Pair Corr
0.61	MPAY	Exchange Traded Concepts	Pair Corr

Moving against Simplify Etf

0.82	REGL	ProShares SP MidCap	Pair Corr
0.81	SCDV	ETF Series Solutions	Pair Corr
0.79	AMPD	Tidal ETF Services	Pair Corr
0.79	TAXT	Northern Trust Tax	Pair Corr
0.78	BSMS	Invesco BulletShares 2028	Pair Corr
0.78	SPVM	Invesco SP 500	Pair Corr
0.78	XFIX	Fm Investments Symbol Change	Pair Corr
0.78	NCPB	Nuveen Core Plus	Pair Corr
0.76	FIDU	Fidelity MSCI Industrials	Pair Corr
0.75	WLDR	Affinity World Leaders	Pair Corr
0.73	PCEM	Litman Gregory Funds	Pair Corr
0.71	EURL	Direxion Daily FTSE	Pair Corr
0.68	IAUM	iShares Gold Trust	Pair Corr
0.66	NBCE	Neuberger Berman ETF	Pair Corr
0.64	IQSZ	Invesco Actively Managed	Pair Corr
0.56	CPST	Calamos ETF Trust	Pair Corr
0.56	UMAY	Innovator ETFs Trust	Pair Corr
0.53	ELON	Battleshares TSLA	Pair Corr
0.46	XAUG	FT Cboe Vest	Pair Corr
0.45	ITWO	Proshares Russell 2000	Pair Corr
0.45	WDNA	WisdomTree BioRevolution	Pair Corr
0.44	SIXJ	AIM ETF Products	Pair Corr
0.92	DOGG	First Trust Exchange	Pair Corr
0.88	UDI	USCF ETF Trust	Pair Corr
0.87	LVHI	Franklin International	Pair Corr
0.83	DFSD	Dimensional ETF Trust	Pair Corr
0.83	GENW	Spinnaker ETF Series	Pair Corr
0.8	LSEQ	Harbor ETF Trust	Pair Corr
0.79	FNDC	Schwab Fundamental	Pair Corr
0.78	QLV	FlexShares Quality Low	Pair Corr
0.76	VGUS	Vanguard Ultra Short	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.29	-0.34	0.39	0.14	-0.42	-0.06	0.36	0.36	0.35	META
MSFT	-0.29		0.82	-0.6	-0.77	0.76	0.87	0.08	-0.88	-0.93	MSFT
UBER	-0.34	0.82		-0.55	-0.65	0.82	0.65	-0.07	-0.8	-0.8	UBER
F	0.39	-0.6	-0.55		0.23	-0.5	-0.35	0.26	0.75	0.65	F
T	0.14	-0.77	-0.65	0.23		-0.55	-0.81	-0.16	0.59	0.68	T
A	-0.42	0.76	0.82	-0.5	-0.55		0.59	-0.01	-0.68	-0.81	A
CRM	-0.06	0.87	0.65	-0.35	-0.81	0.59		0.43	-0.69	-0.85	CRM
JPM	0.36	0.08	-0.07	0.26	-0.16	-0.01	0.43		0.2	-0.11	JPM
MRK	0.36	-0.88	-0.8	0.75	0.59	-0.68	-0.69	0.2		0.88	MRK
XOM	0.35	-0.93	-0.8	0.65	0.68	-0.81	-0.85	-0.11	0.88		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

XOM	+ 0.88	MRK
CRM	+ 0.87	MSFT
UBER	+ 0.82	MSFT
A	+ 0.82	UBER
A	+ 0.76	MSFT
MRK	+ 0.75	F

High negative correlations

XOM	- 0.93	MSFT
MRK	- 0.88	MSFT
XOM	- 0.85	CRM
XOM	- 0.81	A
CRM	- 0.81	T
XOM	- 0.8	UBER

Simplify Bitcoin Competition Risk-Adjusted Indicators

There is a big difference between Simplify Etf performing well and Simplify Bitcoin 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 Bitcoin'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	0.07	0.03	0.16	1.44	(1.78)	3.43	(2.60)	13.69
MSFT	1.29	(0.39)	0.00	(1.03)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.56	(0.35)	0.00	(0.63)	0.00	0.00	2.46	(3.82)	11.09
F	1.22	0.05	0.03	0.13	1.21	(1.46)	3.34	(2.30)	7.16
T	1.00	0.15	0.07	(19.14)	0.94	(1.16)	3.87	(1.76)	7.44
A	1.26	(0.35)	0.00	(0.21)	0.00	0.00	2.90	(2.72)	7.85
CRM	1.69	(0.47)	0.00	(0.39)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.20	(0.06)	(0.02)	0.03	1.61	(1.29)	2.34	(2.63)	7.38
MRK	1.27	0.38	0.26	0.64	0.97	(1.50)	2.93	(1.98)	8.74
XOM	1.29	0.31	0.18	1.25	1.17	(1.46)	2.90	(2.44)	6.83

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