Simplify Bond Correlations

RFIX Etf

36.06 0.37 1.04%

The current 90-days correlation between Simplify Bond Bull and The Alger ETF is -0.05 (i.e., Good diversification). The correlation of Simplify Bond 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 Bond Correlation With Market

Pay attention - limited upside

The correlation between Simplify Bond Bull and DJI is -0.81 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simplify Bond Bull 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 Bond Bull. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Simplify Etf

0.81	TLT	iShares 20 Year	Pair Corr
0.76	SPTL	SPDR Barclays Long	Pair Corr
0.64	TLH	iShares 10 20	Pair Corr
0.85	EDV	Vanguard Extended	Pair Corr
0.81	GOVZ	iShares 25 Year	Pair Corr
0.67	SCHQ	Schwab Long Term	Pair Corr
0.82	BNDD	Quadratic Deflation ETF	Pair Corr
0.61	TYA	Simplify Exchange Traded	Pair Corr
0.79	HPQ	HP Inc	Pair Corr
0.7	MSFT	Microsoft	Pair Corr

Moving against Simplify Etf

0.87	VTV	Vanguard Value Index	Pair Corr
0.87	VEA	Vanguard FTSE Developed Aggressive Push	Pair Corr
0.81	VB	Vanguard Small Cap	Pair Corr
0.8	GAL	SPDR SSgA Global	Pair Corr
0.72	VO	Vanguard Mid Cap	Pair Corr
0.68	VTI	Vanguard Total Stock	Pair Corr
0.65	SPY	SPDR SP 500	Pair Corr
0.65	IVV	iShares Core SP	Pair Corr
0.63	VWO	Vanguard FTSE Emerging	Pair Corr
0.34	BND	Vanguard Total Bond	Pair Corr
0.82	MRK	Merck Company Earnings Call This Week	Pair Corr
0.81	WMT	Walmart Common Stock	Pair Corr
0.8	CAT	Caterpillar	Pair Corr
0.77	JNJ	Johnson Johnson	Pair Corr
0.75	BA	Boeing	Pair Corr
0.74	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.55	INTC	Intel	Pair Corr
0.51	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.5	BAC	Bank of America Aggressive Push	Pair Corr
0.5	JPM	JPMorgan Chase	Pair Corr
0.43	AXP	American Express Earnings Call Today	Pair Corr
0.38	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.31	0.06	0.06	-0.07	-0.27	0.34	-0.03	-0.05	0.04	META
MSFT	0.31		0.75	-0.47	0.48	0.32	0.39	-0.1	-0.81	-0.68	MSFT
UBER	0.06	0.75		-0.45	0.47	0.51	0.07	-0.23	-0.8	-0.52	UBER
F	0.06	-0.47	-0.45		-0.59	-0.33	0.02	0.46	0.64	0.6	F
T	-0.07	0.48	0.47	-0.59		0.61	-0.09	-0.25	-0.46	-0.64	T
A	-0.27	0.32	0.51	-0.33	0.61		-0.13	-0.12	-0.32	-0.52	A
CRM	0.34	0.39	0.07	0.02	-0.09	-0.13		0.62	-0.13	-0.45	CRM
JPM	-0.03	-0.1	-0.23	0.46	-0.25	-0.12	0.62		0.35	-0.05	JPM
MRK	-0.05	-0.81	-0.8	0.64	-0.46	-0.32	-0.13	0.35		0.68	MRK
XOM	0.04	-0.68	-0.52	0.6	-0.64	-0.52	-0.45	-0.05	0.68		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	+ 0.75	MSFT
XOM	+ 0.68	MRK
MRK	+ 0.64	F
JPM	+ 0.62	CRM
A	+ 0.61	T
XOM	+ 0.6	F

High negative correlations

MRK	- 0.81	MSFT
MRK	- 0.8	UBER
XOM	- 0.68	MSFT
XOM	- 0.64	T
T	- 0.59	F
XOM	- 0.52	A

Simplify Bond Competition Risk-Adjusted Indicators

There is a big difference between Simplify Etf performing well and Simplify Bond 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 Bond'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	1.60	(0.03)	(0.01)	0.02	2.40	(1.68)	3.43	(2.67)	13.02
MSFT	1.24	(0.29)	0.00	(1.12)	0.00	0.00	1.85	(2.70)	4.90
UBER	1.47	(0.24)	0.00	(0.26)	0.00	0.00	2.50	(3.82)	10.23
F	1.47	0.18	0.10	0.52	1.32	(1.82)	3.65	(2.35)	16.30
T	0.88	(0.03)	0.00	(0.14)	0.00	0.00	1.63	(1.85)	4.30
A	1.19	(0.22)	0.00	(0.12)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.53	(0.30)	0.00	(0.24)	0.00	0.00	2.94	(4.26)	12.37
JPM	1.11	0.04	(0.01)	(0.50)	1.66	(1.09)	2.00	(3.11)	7.38
MRK	1.26	0.30	0.21	0.47	1.14	(1.53)	3.59	(1.98)	8.09
XOM	1.06	0.24	0.18	0.45	0.96	(1.23)	2.38	(1.51)	5.82

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