Simplify Equity Skewness
| SPD ETF | | | USD 39.61 0.29 0.74% |
Skewness describes asymmetry of returns from the normal distribution. It can come in the form of negative skewness or positive skewness, depending on whether data points are skewed to the left (negative skew) or to the right (positive skew) of the data average. Below is Simplify Equity's current Skewness with peer comparisons and related risk metrics.
Current Skewness Value
At 0.4818, Simplify Equity exhibits near-symmetric return distribution in Skewness. Simplify Equity's positive and negative returns are roughly balanced in frequency and magnitude.
Skewness Peers Comparison
Simplify Equity's Skewness of 0.4818 falls above the 0.17 peer average. Values range from -0.9486 (Return Stacked Bonds) to 0.6814 (Exchange Listed Funds), with wide dispersion across the group.
Skewness Relative To Other Indicators
The chart below plots Skewness against Maximum Drawdown for Simplify Equity and its peers. Each point represents one equity — position along the horizontal axis shows Skewness while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
With Skewness at
0.48 and Maximum Drawdown at
3.89 , Simplify Equity shows a
8.08 -to-one ratio between these indicators. This indicates Maximum Drawdown substantially exceeds Skewness for Simplify Equity.
Methodology, Assumptions & Data Sources
Simplify Equity has a current Skewness reading of 0.4818. Skewness for Simplify Equity is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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