Simplify Exchange Correlations

PCR Etf

21.30 0.11 0.52%

The current 90-days correlation between Simplify Exchange Traded and Tema ETF Trust is 0.3 (i.e., Weak 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

Excellent diversification

The correlation between Simplify Exchange Traded and DJI is -0.54 (i.e., Excellent 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 services.

Moving together with Simplify Etf

0.69	VPC	Virtus Private Credit	Pair Corr
0.62	PLTI	REX ETF Trust	Pair Corr

Moving against Simplify Etf

0.68	UCON	First Trust TCW	Pair Corr
0.68	EDGI	Advisors Inner	Pair Corr
0.65	SSFI	Strategy Shares	Pair Corr
0.61	RISR	FolioBeyond Rising Rates	Pair Corr
0.55	HYTR	Northern Lights	Pair Corr
0.5	ULE	ProShares Ultra Euro	Pair Corr
0.47	SIXD	AIM ETF Products	Pair Corr
0.46	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.36	AMAX	Starboard Investment	Pair Corr
0.33	RINF	ProShares Inflation	Pair Corr
0.79	DOGG	First Trust Exchange Low Volatility	Pair Corr
0.75	JPIE	JP Morgan Exchange	Pair Corr
0.74	GENW	Spinnaker ETF Series	Pair Corr
0.72	SCDV	ETF Series Solutions	Pair Corr
0.71	VGUS	Vanguard Ultra Short	Pair Corr
0.67	EIPI	First Trust Exchange	Pair Corr
0.66	EMES	Harbor ETF Trust	Pair Corr
0.63	EWT	iShares MSCI Taiwan	Pair Corr
0.62	XFIX	Fm Investments Symbol Change	Pair Corr
0.62	FPXE	First Trust IPOX	Pair Corr
0.56	GAPR	First Trust Exchange	Pair Corr
0.5	TOCT	Innovator Equity Defined	Pair Corr
0.45	JANW	AIM ETF Products	Pair Corr
0.43	TLCI	Touchstone ETF Trust	Pair Corr
0.39	BBH	VanEck Biotech ETF	Pair Corr
0.33	LITP	Sprott Lithium Miners	Pair Corr
0.8	UDI	USCF ETF Trust	Pair Corr
0.79	XTWO	Bondbloxx ETF Trust	Pair Corr
0.74	SPVM	Invesco SP 500	Pair Corr
0.68	QLV	FlexShares Quality Low	Pair Corr
0.68	LSEQ	Harbor ETF Trust	Pair Corr
0.68	SCZ	iShares MSCI EAFE Sell-off Trend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.35	-0.4	0.4	0.13	-0.47	-0.07	0.34	0.42	0.38	META
MSFT	-0.35		0.82	-0.57	-0.71	0.74	0.85	0.07	-0.87	-0.92	MSFT
UBER	-0.4	0.82		-0.51	-0.57	0.81	0.6	-0.07	-0.8	-0.77	UBER
F	0.4	-0.57	-0.51		0.17	-0.46	-0.31	0.28	0.72	0.63	F
T	0.13	-0.71	-0.57	0.17		-0.47	-0.78	-0.15	0.5	0.63	T
A	-0.47	0.74	0.81	-0.46	-0.47		0.54	-0.01	-0.66	-0.8	A
CRM	-0.07	0.85	0.6	-0.31	-0.78	0.54		0.44	-0.64	-0.83	CRM
JPM	0.34	0.07	-0.07	0.28	-0.15	-0.01	0.44		0.2	-0.1	JPM
MRK	0.42	-0.87	-0.8	0.72	0.5	-0.66	-0.64	0.2		0.86	MRK
XOM	0.38	-0.92	-0.77	0.63	0.63	-0.8	-0.83	-0.1	0.86		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	+ 0.86	MRK
CRM	+ 0.85	MSFT
UBER	+ 0.82	MSFT
A	+ 0.81	UBER
A	+ 0.74	MSFT
MRK	+ 0.72	F

High negative correlations

XOM	- 0.92	MSFT
MRK	- 0.87	MSFT
XOM	- 0.83	CRM
XOM	- 0.8	A
MRK	- 0.8	UBER
CRM	- 0.78	T

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	1.47	0.07	0.04	0.14	1.43	(1.78)	3.43	(2.60)	13.69
MSFT	1.33	(0.37)	0.00	(1.03)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.55	(0.39)	0.00	(0.71)	0.00	0.00	2.46	(3.82)	11.09
F	1.21	0.03	0.02	0.07	1.25	(1.45)	3.34	(2.30)	7.16
T	1.01	0.14	0.10	(18.48)	0.95	(1.16)	3.87	(1.76)	5.31
A	1.27	(0.31)	0.00	(0.20)	0.00	0.00	2.90	(2.73)	7.85
CRM	1.72	(0.42)	0.00	(0.40)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.26	(0.10)	0.00	(0.03)	0.00	0.00	2.34	(3.11)	7.38
MRK	1.29	0.43	0.31	0.77	0.98	(1.58)	2.93	(1.98)	8.74
XOM	1.27	0.39	0.25	1.59	1.08	(1.47)	2.90	(2.12)	6.83

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