Simplify Exchange Correlations

TUA Etf

21.23 0.05 0.23%

The current 90-days correlation between Simplify Exchange Traded and Global X Funds is -0.12 (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.

Simplify Exchange Correlation With Market

Good diversification

The correlation between Simplify Exchange Traded and DJI is -0.18 (i.e., 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.

Check out World Market Map 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 employment.

Moving together with Simplify Etf

0.98	BND	Vanguard Total Bond	Pair Corr
0.97	AGG	iShares Core Aggregate	Pair Corr
0.99	BIV	Vanguard Intermediate	Pair Corr
0.98	SPAB	SPDR Portfolio Aggregate	Pair Corr
0.98	EAGG	iShares ESG Aggregate	Pair Corr
0.98	FLCB	Franklin Templeton ETF	Pair Corr
0.98	UITB	VictoryShares USAA Core	Pair Corr
0.98	DFCF	Dimensional ETF Trust	Pair Corr
0.96	JAGG	JPMorgan BetaBuilders	Pair Corr
0.97	AGGY	WisdomTree Yield Enhanced	Pair Corr

Moving against Simplify Etf

0.96	YCS	ProShares UltraShort Yen	Pair Corr
0.96	TBT	ProShares UltraShort	Pair Corr
0.8	ATMP	Barclays ETN Select Low Volatility	Pair Corr
0.77	USD	ProShares Ultra Semi	Pair Corr
0.77	SGG	Barclays Capital	Pair Corr
0.74	DIG	ProShares Ultra Oil	Pair Corr
0.46	MLPR	ETRACS Quarterly Pay	Pair Corr
0.88	MSTY	YieldMax MSTR Option	Pair Corr
0.87	XLF	Financial Select Sector Aggressive Push	Pair Corr
0.86	USFR	WisdomTree Floating Rate	Pair Corr
0.85	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.85	PUTW	WisdomTree CBOE SP	Pair Corr
0.81	BTC	Grayscale Bitcoin Mini	Pair Corr
0.8	MAGS	Roundhill Magnificent	Pair Corr
0.79	BUG	Global X Cybersecurity	Pair Corr
0.78	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.76	DIVB	iShares Dividend	Pair Corr
0.76	BTF	Valkyrie Bitcoin Strategy	Pair Corr
0.74	DISO	Tidal Trust II	Pair Corr
0.73	XLK	Technology Select Sector	Pair Corr
0.7	DIVG	Invesco Exchange Traded	Pair Corr
0.58	AMZA	InfraCap MLP ETF	Pair Corr
0.39	IDGT	iShares Trust Symbol Change	Pair Corr
0.33	IDU	iShares Utilities ETF	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.29	0.57	-0.02	0.6	0.02	0.68	0.28	-0.56	0.72	META
MSFT	0.29		0.24	0.12	0.2	-0.02	0.02	-0.17	0.11	-0.18	MSFT
UBER	0.57	0.24		-0.02	0.02	0.26	0.05	-0.1	0.04	0.36	UBER
F	-0.02	0.12	-0.02		0.0	-0.37	0.36	0.62	-0.24	0.29	F
T	0.6	0.2	0.02	0.0		-0.48	0.73	0.49	-0.76	0.39	T
A	0.02	-0.02	0.26	-0.37	-0.48		-0.48	-0.65	0.64	-0.01	A
CRM	0.68	0.02	0.05	0.36	0.73	-0.48		0.83	-0.92	0.68	CRM
JPM	0.28	-0.17	-0.1	0.62	0.49	-0.65	0.83		-0.83	0.51	JPM
MRK	-0.56	0.11	0.04	-0.24	-0.76	0.64	-0.92	-0.83		-0.57	MRK
XOM	0.72	-0.18	0.36	0.29	0.39	-0.01	0.68	0.51	-0.57		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

JPM	+ 0.83	CRM
CRM	+ 0.73	T
XOM	+ 0.72	META
CRM	+ 0.68	META
XOM	+ 0.68	CRM
MRK	+ 0.64	A

High negative correlations

MRK	- 0.92	CRM
MRK	- 0.83	JPM
MRK	- 0.76	T
JPM	- 0.65	A
XOM	- 0.57	MRK
MRK	- 0.56	META

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	1.05	0.00	(0.03)	0.12	1.40	(1.14)	2.62	(3.15)	8.02
MSFT	0.88	(0.08)	(0.07)	0.01	1.51	(0.82)	2.09	(1.85)	8.19
UBER	1.60	(0.14)	0.00	(0.02)	0.00	0.00	2.69	(2.44)	20.10
F	1.43	(0.12)	(0.02)	0.04	2.19	(1.43)	2.75	(2.90)	11.72
T	0.92	0.28	0.14	24.43	0.85	(1.04)	2.56	(1.72)	6.47
A	1.14	(0.13)	0.00	(0.12)	0.00	0.00	2.29	(2.42)	9.02
CRM	1.28	0.29	0.25	0.37	0.90	(1.52)	3.18	(1.91)	9.09
JPM	1.12	0.00	0.06	0.12	1.44	(1.17)	2.05	(2.00)	15.87
MRK	0.85	(0.26)	0.00	(1.12)	0.00	0.00	1.73	(2.13)	4.89
XOM	1.03	0.03	(0.01)	0.18	1.21	(1.11)	2.14	(2.09)	5.78

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