Simplify Managed Correlations

CTA Etf

USD 26.90 0.14 0.52%

The current 90-days correlation between Simplify Managed Futures and ProShares Ultra Silver is 0.57 (i.e., Very weak diversification). The correlation of Simplify Managed 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 Managed Correlation With Market

Average diversification

The correlation between Simplify Managed Futures and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simplify Managed Futures and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Simplify Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Simplify Managed Futures. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Simplify Etf

0.63	KMLM	KFA Mount Lucas	Pair Corr
0.63	FMF	First Trust Managed	Pair Corr

Moving against Simplify Etf

0.5	BFEB	Innovator SP 500	Pair Corr
0.49	FELV	Fidelity Covington Trust	Pair Corr
0.48	AMPD	Tidal ETF Services	Pair Corr
0.47	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.45	FIAX	Nicholas Fixed Income	Pair Corr
0.44	MEDI	Harbor Health Care	Pair Corr
0.41	CPST	Calamos ETF Trust	Pair Corr
0.4	SCHX	Schwab Large Cap Sell-off Trend	Pair Corr
0.35	IBTI	iShares iBonds Dec	Pair Corr
0.33	ITDD	iShares Trust	Pair Corr
0.67	MMM	3M Company	Pair Corr
0.64	BAC	Bank of America Aggressive Push	Pair Corr
0.63	AXP	American Express	Pair Corr
0.63	DD	Dupont De Nemours	Pair Corr
0.58	CSCO	Cisco Systems	Pair Corr
0.51	IBM	International Business Sell-off Trend	Pair Corr
0.44	CAT	Caterpillar	Pair Corr
0.33	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	AGQ	NTSX	IGRO	XCEM	JPIB	CLOI	QDPL	FLBL	PJAN	IVOV
AGQ		0.55	0.75	0.55	0.5	0.84	0.64	0.08	0.83	0.45	AGQ
NTSX	0.55		0.7	0.84	0.8	0.6	0.96	0.05	0.84	0.46	NTSX
IGRO	0.75	0.7		0.57	0.65	0.63	0.73	0.2	0.79	0.66	IGRO
XCEM	0.55	0.84	0.57		0.8	0.74	0.82	-0.1	0.76	0.07	XCEM
JPIB	0.5	0.8	0.65	0.8		0.65	0.73	0.04	0.73	0.21	JPIB
CLOI	0.84	0.6	0.63	0.74	0.65		0.68	0.1	0.88	0.14	CLOI
QDPL	0.64	0.96	0.73	0.82	0.73	0.68		0.16	0.9	0.5	QDPL
FLBL	0.08	0.05	0.2	-0.1	0.04	0.1	0.16		0.25	0.43	FLBL
PJAN	0.83	0.84	0.79	0.76	0.73	0.88	0.9	0.25		0.49	PJAN
IVOV	0.45	0.46	0.66	0.07	0.21	0.14	0.5	0.43	0.49		IVOV
	AGQ	NTSX	IGRO	XCEM	JPIB	CLOI	QDPL	FLBL	PJAN	IVOV

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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

QDPL	+ 0.96	NTSX
PJAN	+ 0.9	QDPL
PJAN	+ 0.88	CLOI
CLOI	+ 0.84	AGQ
XCEM	+ 0.84	NTSX
PJAN	+ 0.84	NTSX

High negative correlations

FLBL

- 0.1

XCEM

Simplify Managed Constituents Risk-Adjusted Indicators

There is a big difference between Simplify Etf performing well and Simplify Managed 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 Managed'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
AGQ	3.85	1.08	0.24	0.70	4.21	(4.61)	9.14	(6.47)	27.20
NTSX	0.55	(0.01)	(0.04)	0.05	0.72	(0.54)	1.15	(1.03)	3.11
IGRO	0.47	0.00	(0.05)	0.06	0.53	(0.49)	0.94	(0.87)	2.42
XCEM	0.67	0.04	0.02	0.12	0.86	(0.64)	1.09	(1.37)	4.72
JPIB	0.11	(0.01)	(0.50)	(0.03)	0.10	(0.12)	0.23	(0.21)	0.55
CLOI	0.05	0.01	(0.93)	(7.00)	0.00	(0.06)	0.11	(0.09)	0.29
QDPL	0.53	(0.01)	(0.02)	0.06	0.71	(0.53)	1.32	(1.06)	3.11
FLBL	0.10	(0.02)	0.00	(0.28)	0.00	0.00	0.17	(0.21)	0.72
PJAN	0.18	0.01	(0.12)	0.11	0.14	(0.21)	0.42	(0.37)	1.47
IVOV	0.75	(0.05)	(0.04)	0.02	0.95	(0.72)	1.80	(1.30)	4.09

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