Simplify Exchange Correlations

HEQT Etf

USD 30.25 0.04 0.13%

The current 90-days correlation between Simplify Exchange Traded and Aptus Defined Risk is 0.47 (i.e., Very 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

Very poor diversification

The correlation between Simplify Exchange Traded and DJI is 0.8 (i.e., Very 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 producer price index.

Moving together with Simplify Etf

0.99	ACIO	Aptus Collared Income	Pair Corr
0.99	ADME	Aptus Drawdown Managed	Pair Corr
0.98	SWAN	Amplify BlackSwan Growth	Pair Corr
0.84	PHDG	Invesco SP 500	Pair Corr
0.99	MSTB	ETF Series Solutions	Pair Corr
0.99	HEGD	Swan Hedged Equity	Pair Corr
0.91	VAMO	Cambria Value	Pair Corr
0.99	GTR	WisdomTree Target Range	Pair Corr
0.64	AMPD	Tidal ETF Services	Pair Corr
0.69	PMBS	PIMCO Mortgage Backed	Pair Corr
0.99	ITDD	iShares Trust	Pair Corr
0.93	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.79	HIDE	Alpha Architect High	Pair Corr
1.0	BUFD	FT Cboe Vest	Pair Corr
0.85	VBF	Invesco Van Kampen	Pair Corr
0.79	KGRN	KraneShares MSCI China	Pair Corr
0.73	EUSB	iShares Trust	Pair Corr
0.96	DIS	Walt Disney	Pair Corr
0.98	BAC	Bank of America	Pair Corr
0.94	IBM	International Business Earnings Call This Week	Pair Corr
0.9	MMM	3M Company	Pair Corr
0.89	DD	Dupont De Nemours	Pair Corr
0.98	CAT	Caterpillar	Pair Corr
0.96	AXP	American Express	Pair Corr
0.98	JPM	JPMorgan Chase	Pair Corr
0.98	CSCO	Cisco Systems	Pair Corr
0.91	AA	Alcoa Corp	Pair Corr
0.88	PFE	Pfizer Inc	Pair Corr
0.93	BA	Boeing	Pair Corr

Moving against Simplify Etf

0.6	CCOR	Core Alternative ETF	Pair Corr
0.71	MCD	McDonalds	Pair Corr
0.52	PG	Procter Gamble	Pair Corr
0.42	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.82	0.55	0.93	0.29	0.94	0.23	0.56	META
MSFT	0.98		0.87	0.85	0.52	0.89	0.29	0.96	0.24	0.55	MSFT
UBER	0.84	0.87		0.9	0.42	0.81	0.54	0.88	0.21	0.5	UBER
F	0.82	0.85	0.9		0.4	0.84	0.28	0.91	0.43	0.72	F
T	0.55	0.52	0.42	0.4		0.57	0.17	0.5	0.27	0.22	T
A	0.93	0.89	0.81	0.84	0.57		0.24	0.89	0.37	0.67	A
CRM	0.29	0.29	0.54	0.28	0.17	0.24		0.23	-0.26	-0.11	CRM
JPM	0.94	0.96	0.88	0.91	0.5	0.89	0.23		0.32	0.64	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.37	-0.26	0.32		0.55	MRK
XOM	0.56	0.55	0.5	0.72	0.22	0.67	-0.11	0.64	0.55		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

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.94	META
A	+ 0.93	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.26	CRM
XOM	- 0.11	CRM

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	1.51	0.26	0.21	0.32	1.10	(1.82)	3.99	(2.35)	10.48
MSFT	0.90	0.30	0.27	0.47	0.54	(1.09)	2.33	(1.08)	8.85
UBER	1.64	0.20	0.13	0.33	1.40	(2.08)	4.19	(2.54)	10.87
F	1.32	0.14	0.06	0.32	1.47	(1.42)	2.69	(2.61)	7.46
T	1.02	(0.05)	(0.10)	0.00	1.35	(1.06)	2.35	(2.35)	5.71
A	1.46	(0.07)	0.00	0.09	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.13)	(0.04)	0.04	1.74	(1.28)	2.95	(3.19)	9.31
JPM	0.90	0.22	0.18	0.38	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.39	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.13	0.05	(0.04)	0.41	1.36	(1.15)	2.40	(2.58)	5.84

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