Simplify Exchange Correlations

QIS Etf

14.94 0.21 1.39%

The current 90-days correlation between Simplify Exchange Traded and Simplify Equity PLUS is 0.39 (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

Weak diversification

The correlation between Simplify Exchange Traded and DJI is 0.3 (i.e., Weak 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 gross domestic product.

Moving against Simplify Etf

0.91	AGQ	ProShares Ultra Silver	Pair Corr
0.86	PVAL	Putnam Focused Large	Pair Corr
0.86	CPSR	Calamos SP 500	Pair Corr
0.82	ELD	WisdomTree Emerging	Pair Corr
0.8	LABU	Direxion Daily SP	Pair Corr
0.79	SLQD	iShares 0 5	Pair Corr
0.76	FLSP	Franklin Liberty Sys	Pair Corr
0.74	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.74	DIAX	Nuveen Dow 30Sm	Pair Corr
0.67	XSVM	Invesco SP SmallCap	Pair Corr
0.66	BSMU	Invesco BulletShares 2030	Pair Corr
0.65	JNUG	Direxion Daily Junior	Pair Corr
0.64	LALT	Invesco Multi Strategy	Pair Corr
0.64	NUGT	Direxion Daily Gold	Pair Corr
0.6	SCO	ProShares UltraShort	Pair Corr
0.57	EALT	Innovator Equity 5	Pair Corr
0.54	MUU	Direxion Daily MU Buyout Trend	Pair Corr
0.53	MULL	GraniteShares 2x Long	Pair Corr
0.53	FCG	First Trust Natural	Pair Corr
0.53	TRND	Pacer Trendpilot	Pair Corr
0.52	BINT	Exchange Traded Concepts	Pair Corr
0.5	GDXU	MicroSectors Gold Miners	Pair Corr
0.49	VOO	Vanguard SP 500	Pair Corr
0.36	TEND	Ishares Large Cap	Pair Corr
0.33	QAI	IQ Hedge Multi	Pair Corr
0.32	CHRI	Global X SP	Pair Corr
0.86	VFMF	Vanguard Multifactor	Pair Corr
0.85	GAPR	First Trust Exchange	Pair Corr
0.84	EJAN	Innovator MSCI Emerging	Pair Corr
0.83	PMMR	PGIM SP 500	Pair Corr
0.83	UJAN	Innovator SP 500	Pair Corr
0.82	JANJ	Innovator ETFs Trust	Pair Corr
0.81	NBFC	Neuberger Berman ETF	Pair Corr
0.76	CARY	Angel Oak Income	Pair Corr
0.75	JBBB	Janus Detroit Street	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.65	0.59	-0.67	0.63	-0.65	0.24	-0.09	-0.63	-0.65	META
MSFT	0.65		0.84	-0.5	0.33	-0.25	0.15	-0.25	-0.76	-0.59	MSFT
UBER	0.59	0.84		-0.61	0.55	-0.4	0.0	-0.07	-0.83	-0.56	UBER
F	-0.67	-0.5	-0.61		-0.72	0.62	0.23	0.31	0.71	0.75	F
T	0.63	0.33	0.55	-0.72		-0.65	-0.38	-0.03	-0.55	-0.47	T
A	-0.65	-0.25	-0.4	0.62	-0.65		-0.14	-0.26	0.6	0.34	A
CRM	0.24	0.15	0.0	0.23	-0.38	-0.14		0.24	-0.08	0.06	CRM
JPM	-0.09	-0.25	-0.07	0.31	-0.03	-0.26	0.24		0.11	0.26	JPM
MRK	-0.63	-0.76	-0.83	0.71	-0.55	0.6	-0.08	0.11		0.63	MRK
XOM	-0.65	-0.59	-0.56	0.75	-0.47	0.34	0.06	0.26	0.63		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	+ 0.84	MSFT
XOM	+ 0.75	F
MRK	+ 0.71	F
MSFT	+ 0.65	META
T	+ 0.63	META
XOM	+ 0.63	MRK

High negative correlations

MRK	- 0.83	UBER
MRK	- 0.76	MSFT
T	- 0.72	F
F	- 0.67	META
A	- 0.65	T
XOM	- 0.65	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	1.40	(0.29)	0.00	(0.26)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.94	(0.10)	0.00	(0.11)	0.00	0.00	1.85	(2.50)	5.08
UBER	1.51	(0.32)	0.00	(0.23)	0.00	0.00	3.34	(3.82)	10.91
F	1.51	0.16	0.09	0.16	1.71	(1.62)	3.38	(2.63)	16.30
T	0.94	(0.29)	0.00	(1.03)	0.00	0.00	1.61	(2.18)	5.75
A	1.25	0.05	0.04	0.10	1.33	(1.34)	2.34	(2.21)	11.03
CRM	1.57	0.05	0.02	0.10	2.05	(1.51)	3.66	(2.92)	9.91
JPM	1.01	(0.04)	(0.02)	0.02	1.46	(0.99)	2.00	(1.91)	7.02
MRK	1.42	0.30	0.22	0.43	1.13	(1.85)	4.85	(2.06)	11.45
XOM	0.95	0.03	(0.01)	0.23	1.01	(1.01)	1.96	(1.51)	4.99

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