Simplify Bitcoin Correlations

MAXI Etf

USD 27.58 0.71 2.64%

The current 90-days correlation between Simplify Bitcoin Strategy and Grayscale Funds Trust is 0.78 (i.e., Poor diversification). The correlation of Simplify Bitcoin 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 Bitcoin Correlation With Market

Good diversification

The correlation between Simplify Bitcoin Strategy and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simplify Bitcoin Strategy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Simplify Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Simplify Bitcoin Strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Simplify Etf

0.97	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.97	BITO	ProShares Bitcoin	Pair Corr
0.81	BLOK	Amplify Transformational	Pair Corr
0.7	BLCN	Siren Nasdaq NexGen	Pair Corr
0.79	BITQ	Bitwise Crypto Industry	Pair Corr
0.74	SPBC	Simplify Equity PLUS	Pair Corr
0.97	BTC	Grayscale Bitcoin Mini	Pair Corr
0.75	DAPP	VanEck Digital Trans	Pair Corr
0.9	CRPT	First Trust SkyBridge	Pair Corr
0.68	ITDD	iShares Trust	Pair Corr
0.68	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.74	JPM	JPMorgan Chase	Pair Corr
0.68	AXP	American Express	Pair Corr
0.78	BA	Boeing	Pair Corr
0.73	MSFT	Microsoft	Pair Corr

Moving against Simplify Etf

0.46	T	ATT Inc Earnings Call This Week	Pair Corr
0.34	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.77	0.19	-0.33	-0.66	0.94	0.95	0.88	0.49	0.17	META
MSFT	0.77		0.36	0.0	-0.5	0.72	0.82	0.82	0.34	0.02	MSFT
UBER	0.19	0.36		0.08	0.34	-0.04	0.05	0.38	-0.24	0.16	UBER
F	-0.33	0.0	0.08		0.43	-0.25	-0.24	-0.25	0.27	0.48	F
T	-0.66	-0.5	0.34	0.43		-0.76	-0.77	-0.52	-0.35	0.29	T
A	0.94	0.72	-0.04	-0.25	-0.76		0.97	0.82	0.62	0.2	A
CRM	0.95	0.82	0.05	-0.24	-0.77	0.97		0.88	0.51	0.11	CRM
JPM	0.88	0.82	0.38	-0.25	-0.52	0.82	0.88		0.22	0.13	JPM
MRK	0.49	0.34	-0.24	0.27	-0.35	0.62	0.51	0.22		0.44	MRK
XOM	0.17	0.02	0.16	0.48	0.29	0.2	0.11	0.13	0.44		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

CRM	+ 0.97	A
CRM	+ 0.95	META
A	+ 0.94	META
JPM	+ 0.88	META
JPM	+ 0.88	CRM
CRM	+ 0.82	MSFT

High negative correlations

CRM	- 0.77	T
A	- 0.76	T
T	- 0.66	META
JPM	- 0.52	T
T	- 0.5	MSFT
MRK	- 0.35	T

Simplify Bitcoin Competition Risk-Adjusted Indicators

There is a big difference between Simplify Etf performing well and Simplify Bitcoin 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 Bitcoin'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	2.27	0.04	0.00	(0.09)	0.00	0.00	4.00	(4.67)	21.50
MSFT	1.50	0.11	0.05	(0.01)	2.01	(1.50)	3.19	(3.34)	13.79
UBER	2.36	0.55	0.16	0.31	2.83	(2.44)	5.87	(4.21)	16.03
F	1.89	0.20	0.07	0.08	2.64	(1.92)	3.19	(3.88)	13.11
T	1.17	0.26	0.14	0.56	2.24	(1.15)	1.97	(3.02)	9.07
A	1.65	(0.31)	0.00	(0.38)	0.00	0.00	2.80	(5.45)	14.45
CRM	1.79	(0.22)	0.00	(0.30)	0.00	0.00	2.91	(4.51)	13.13
JPM	1.58	0.08	0.00	(0.05)	0.00	0.00	2.88	(4.15)	11.14
MRK	1.50	(0.18)	0.00	(0.52)	0.00	0.00	2.43	(4.81)	10.07
XOM	1.39	0.08	0.00	(0.01)	0.00	0.00	2.80	(3.21)	10.54

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