Simplify Exchange Correlations

PCR Etf

22.92 0.08 0.35%

The current 90-days correlation between Simplify Exchange Traded and STKd 100 percent is -0.02 (i.e., 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

Very good diversification

The correlation between Simplify Exchange Traded and DJI is -0.37 (i.e., Very good 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.

Build AI portfolio with Simplify Etf

Check out Your Equity Center 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 unemployment.

Moving together with Simplify Etf

0.67	BTF	Valkyrie Bitcoin Strategy	Pair Corr
0.63	GBTC	Grayscale Bitcoin Trust	Pair Corr

Moving against Simplify Etf

0.73	RISR	FolioBeyond Rising Rates	Pair Corr
0.54	JNUG	Direxion Daily Junior	Pair Corr
0.52	GDXU	MicroSectors Gold Miners Trending	Pair Corr
0.5	AGQ	ProShares Ultra Silver Trending	Pair Corr
0.47	HYTR	Northern Lights	Pair Corr
0.44	RINF	ProShares Inflation	Pair Corr
0.37	UCON	First Trust TCW	Pair Corr
0.65	SGOV	iShares 0 3	Pair Corr
0.61	SHYD	VanEck Short High	Pair Corr
0.6	BMN	Blackrock 2037 Municipal	Pair Corr
0.55	ELD	WisdomTree Emerging	Pair Corr
0.54	NUGT	Direxion Daily Gold	Pair Corr
0.47	PQNT	2023 ETF	Pair Corr
0.41	XUDV	Franklin Templeton ETF	Pair Corr
0.4	RSP	Invesco SP 500	Pair Corr
0.39	XV	Simplify Exchange Traded	Pair Corr
0.39	RSJN	First Trust Exchange	Pair Corr
0.37	CPRO	Calamos ETF Trust	Pair Corr
0.63	EMHY	iShares JP Morgan	Pair Corr
0.62	JUCY	ETF Series Solutions	Pair Corr
0.53	FXB	Invesco CurrencyShares	Pair Corr
0.51	UJAN	Innovator SP 500	Pair Corr
0.48	AHYB	American Century ETF	Pair Corr
0.42	SPHQ	Invesco SP 500 Sell-off Trend	Pair Corr
0.4	SCHV	Schwab Large Cap Sell-off Trend	Pair Corr
0.38	UFO	Procure Space ETF	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.48	0.15	0.01	-0.05	-0.18	0.46	0.05	-0.14	-0.11	META
MSFT	0.48		0.76	-0.49	0.48	0.27	0.34	-0.15	-0.83	-0.65	MSFT
UBER	0.15	0.76		-0.45	0.42	0.5	0.05	-0.27	-0.8	-0.52	UBER
F	0.01	-0.49	-0.45		-0.59	-0.21	0.09	0.46	0.66	0.6	F
T	-0.05	0.48	0.42	-0.59		0.62	-0.15	-0.25	-0.46	-0.64	T
A	-0.18	0.27	0.5	-0.21	0.62		-0.2	-0.12	-0.31	-0.5	A
CRM	0.46	0.34	0.05	0.09	-0.15	-0.2		0.65	-0.11	-0.4	CRM
JPM	0.05	-0.15	-0.27	0.46	-0.25	-0.12	0.65		0.36	-0.05	JPM
MRK	-0.14	-0.83	-0.8	0.66	-0.46	-0.31	-0.11	0.36		0.7	MRK
XOM	-0.11	-0.65	-0.52	0.6	-0.64	-0.5	-0.4	-0.05	0.7		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	+ 0.76	MSFT
XOM	+ 0.7	MRK
MRK	+ 0.66	F
JPM	+ 0.65	CRM
A	+ 0.62	T
XOM	+ 0.6	F

High negative correlations

MRK	- 0.83	MSFT
MRK	- 0.8	UBER
XOM	- 0.65	MSFT
XOM	- 0.64	T
T	- 0.59	F
XOM	- 0.52	UBER

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	1.45	(0.19)	0.00	(0.12)	0.00	0.00	3.16	(2.67)	13.02
MSFT	1.07	(0.13)	0.00	(0.42)	0.00	0.00	1.85	(2.50)	4.90
UBER	1.43	(0.29)	0.00	(0.33)	0.00	0.00	2.50	(3.82)	10.23
F	1.47	0.12	0.09	0.15	1.32	(1.82)	3.65	(2.35)	16.30
T	0.88	(0.04)	0.00	(0.05)	0.00	0.00	1.63	(1.85)	4.30
A	1.20	(0.23)	0.00	(0.11)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.43	(0.22)	0.00	(0.15)	0.00	0.00	2.94	(3.10)	12.37
JPM	1.11	(0.05)	(0.01)	0.03	1.66	(1.09)	2.00	(3.11)	7.38
MRK	1.24	0.28	0.19	0.46	1.14	(1.50)	3.59	(1.98)	8.09
XOM	1.06	0.27	0.17	4.39	0.96	(1.23)	2.38	(1.51)	5.82

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