Simplify Equity Correlations

SPBC Etf

USD 43.08 0.58 1.36%

The current 90-days correlation between Simplify Equity PLUS and THOR Financial Technologies is 0.87 (i.e., Very poor diversification).A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Simplify Equity moves, either up or down, the other security will move in the same direction.

Simplify Equity vs Market Correlation

Very weak diversification

For the present investment horizon, the measured correlation between SPBC and DJI stands at 0.43, or Very weak diversification. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.

Build portfolio with Simplify Etf

Simplify Equity has a market cap of 30.95 M, operating margin of 16.0%. World Market Map can help frame allocation decisions. This reflects a position in Simplify Equity PLUS across the allocation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Simplify Etf

0.81	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.81	BITO	ProShares Bitcoin Aggressive Push	Pair Corr
0.81	BTC	Grayscale Bitcoin Mini	Pair Corr
0.81	BTF	CoinShares Bitcoin and	Pair Corr
0.79	MDBX	Tradr 2X Long	Pair Corr
0.63	JPM	JPMorgan Chase	Pair Corr
0.77	IBM	International Business	Pair Corr
0.63	BAC	Bank of America	Pair Corr

Moving against Simplify Etf

0.8	TRV	The Travelers Companies	Pair Corr
0.76	RSPG	Invesco SAMPP 500	Pair Corr
0.69	CVX	Chevron Corp	Pair Corr
0.43	XLRI	Select Sector SPDR	Pair Corr
0.85	VZ	Verizon Communications Aggressive Push	Pair Corr
0.81	MCD	McDonalds	Pair Corr
0.74	KO	Coca Cola	Pair Corr
0.73	JNJ	Johnson Johnson	Pair Corr
0.69	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.66	PFE	Pfizer Inc	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.59	CAT	Caterpillar	Pair Corr
0.57	MRK	Merck Company	Pair Corr
0.53	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	CSD	PSCW	MINV	CANC	CVMC	PSMD	PHDG	OVLH	KARS	THIR
CSD		0.86	0.93	0.9	0.84	0.51	0.49	0.2	0.73	0.31	CSD
PSCW	0.86		0.9	0.82	0.71	0.44	0.6	0.25	0.65	0.13	PSCW
MINV	0.93	0.9		0.85	0.8	0.46	0.59	0.15	0.77	0.21	MINV
CANC	0.9	0.82	0.85		0.77	0.49	0.48	0.25	0.75	0.26	CANC
CVMC	0.84	0.71	0.8	0.77		0.66	0.27	0.41	0.65	0.57	CVMC
PSMD	0.51	0.44	0.46	0.49	0.66		-0.02	0.83	0.62	0.86	PSMD
PHDG	0.49	0.6	0.59	0.48	0.27	-0.02		-0.24	0.3	-0.21	PHDG
OVLH	0.2	0.25	0.15	0.25	0.41	0.83	-0.24		0.37	0.77	OVLH
KARS	0.73	0.65	0.77	0.75	0.65	0.62	0.3	0.37		0.44	KARS
THIR	0.31	0.13	0.21	0.26	0.57	0.86	-0.21	0.77	0.44		THIR
	CSD	PSCW	MINV	CANC	CVMC	PSMD	PHDG	OVLH	KARS	THIR

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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

MINV	+ 0.93	CSD
CANC	+ 0.9	CSD
MINV	+ 0.9	PSCW
PSCW	+ 0.86	CSD
THIR	+ 0.86	PSMD
CANC	+ 0.85	MINV

High negative correlations

OVLH	- 0.24	PHDG
THIR	- 0.21	PHDG
PHDG	- 0.02	PSMD

Simplify Equity Constituents Risk-Adjusted Indicators

Strong stock returns do not always mean Simplify Equity ETF is outperforming its peers on a fundamental level. Risk-adjusted metrics allow investors to compare Simplify Equity's efficiency and downside exposure against peers in a more meaningful way. 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
CSD	1.23	0.23	0.13	0.12	1.47	-1.29	2.72	-2.75	7.07
PSCW	0.12	0.00	0.26	0.00	0.00	-0.14	0.25	-0.25	0.72
MINV	1.11	0.14	0.10	-2.89	1.50	-1.14	2.33	-1.98	8.67
CANC	1.08	0.12	0.11	0.25	1.12	-1.16	2.49	-2.13	7.91
CVMC	0.66	-0.01	0.02	0.05	0.89	-0.64	1.57	-1.56	4.43
PSMD	0.27	0.00	0.00	-0.03	0.00	0.00	0.56	-0.68	1.69
PHDG	0.41	0.00	0.04	-0.02	0.59	-0.43	0.97	-0.84	3.77
OVLH	0.40	-0.03	0.00	-0.09	0.00	0.00	0.64	-0.90	2.44
KARS	1.22	0.11	0.06	0.08	1.63	-1.24	2.26	-2.51	9.48
THIR	0.60	0.00	0.00	-0.03	0.00	0.00	1.02	-1.18	3.72

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