Simplify Exchange Correlations

HEQT Etf

USD 31.18 0.12 0.39%

The current 90-days correlation between Simplify Exchange Traded and Northern Lights is 0.05 (i.e., Significant 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

Poor diversification

The correlation between Simplify Exchange Traded and DJI is 0.79 (i.e., Poor 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 Risk vs Return Analysis 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

0.93	ACIO	Aptus Collared Income	Pair Corr
0.92	ADME	Aptus Drawdown Managed	Pair Corr
0.94	SWAN	Amplify BlackSwan Growth	Pair Corr
0.94	PHDG	Invesco SP 500	Pair Corr
0.96	MSTB	ETF Series Solutions	Pair Corr
0.92	HEGD	Swan Hedged Equity	Pair Corr
0.85	GTR	WisdomTree Target Range	Pair Corr
0.93	USD	ProShares Ultra Semi	Pair Corr
0.91	BULZ	MicroSectors Solactive	Pair Corr
0.85	FNGO	MicroSectors FANG Index	Pair Corr
0.75	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.86	FNGG	Direxion Daily Select	Pair Corr
0.61	BITS	Global X Blockchain	Pair Corr
0.69	HYG	iShares iBoxx High	Pair Corr
0.92	VOO	Vanguard SP 500	Pair Corr
0.97	BMAR	Innovator SP 500	Pair Corr
0.81	VYMI	Vanguard International	Pair Corr
0.94	FELG	Fidelity Covington Trust	Pair Corr
0.95	IGM	iShares Expanded Tech	Pair Corr
0.91	NMAY	Innovator Growth 100	Pair Corr
0.95	IYW	iShares Technology ETF	Pair Corr
0.8	SHAG	WisdomTree Yield Enhanced	Pair Corr
0.66	CNXT	VanEck ChiNext ETF	Pair Corr
0.99	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.77	PULT	Putnam ETF Trust	Pair Corr
0.76	BKLN	Invesco Senior Loan	Pair Corr
0.93	QQQ	Invesco QQQ Trust	Pair Corr
0.82	OCTD	Innovator Capital	Pair Corr
0.73	RAAX	VanEck Inflation All	Pair Corr
0.74	XTWY	Bondbloxx ETF Trust	Pair Corr

Moving against Simplify Etf

0.77	CCOR	Core Alternative ETF	Pair Corr
0.32	BITO	ProShares Bitcoin	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.38	0.55	-0.72	0.71	-0.71	0.34	-0.22	-0.72	-0.66	META
MSFT	0.38		0.65	0.09	-0.23	0.16	0.5	0.24	-0.23	-0.12	MSFT
UBER	0.55	0.65		-0.28	0.24	-0.39	0.34	0.37	-0.62	-0.34	UBER
F	-0.72	0.09	-0.28		-0.76	0.79	0.03	0.32	0.62	0.72	F
T	0.71	-0.23	0.24	-0.76		-0.92	-0.02	-0.24	-0.57	-0.51	T
A	-0.71	0.16	-0.39	0.79	-0.92		-0.03	0.21	0.69	0.55	A
CRM	0.34	0.5	0.34	0.03	-0.02	-0.03		-0.15	-0.38	-0.29	CRM
JPM	-0.22	0.24	0.37	0.32	-0.24	0.21	-0.15		-0.16	0.38	JPM
MRK	-0.72	-0.23	-0.62	0.62	-0.57	0.69	-0.38	-0.16		0.54	MRK
XOM	-0.66	-0.12	-0.34	0.72	-0.51	0.55	-0.29	0.38	0.54		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

A	+ 0.79	F
XOM	+ 0.72	F
T	+ 0.71	META
MRK	+ 0.69	A
UBER	+ 0.65	MSFT
MRK	+ 0.62	F

High negative correlations

A	- 0.92	T
T	- 0.76	F
MRK	- 0.72	META
F	- 0.72	META
A	- 0.71	META
XOM	- 0.66	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	1.24	(0.35)	0.00	(0.38)	0.00	0.00	1.87	(2.72)	13.52
MSFT	0.85	(0.13)	0.00	(0.14)	0.00	0.00	1.85	(2.19)	5.08
UBER	1.50	(0.21)	0.00	(0.15)	0.00	0.00	3.34	(3.30)	10.91
F	1.50	0.16	0.10	0.14	1.66	(1.72)	3.66	(2.35)	16.30
T	1.00	(0.19)	0.00	(0.78)	0.00	0.00	1.84	(2.32)	6.25
A	1.32	0.34	0.25	0.30	1.02	(1.50)	3.93	(2.15)	11.03
CRM	1.61	(0.15)	0.00	(0.10)	0.00	0.00	2.93	(3.61)	9.91
JPM	0.89	0.00	0.00	0.04	1.33	(0.82)	1.67	(1.91)	5.76
MRK	1.29	0.19	0.13	0.38	1.14	(1.67)	3.84	(2.36)	11.45
XOM	0.93	0.10	0.06	0.40	1.10	(0.90)	1.78	(1.93)	4.71

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