Simplify Exchange Correlations

MTBA Etf

49.92 0.12 0.24%

The current 90-days correlation between Simplify Exchange Traded and FlexShares Disciplined Duration is -0.08 (i.e., Good 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.

Simplify Exchange Correlation With Market

Significant diversification

The correlation between Simplify Exchange Traded and DJI is 0.05 (i.e., Significant 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 Correlation 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 bureau of labor statistics.

Moving together with Simplify Etf

0.77	GOVT	iShares Treasury Bond Sell-off Trend	Pair Corr
0.89	MBB	iShares MBS ETF Sell-off Trend	Pair Corr
0.86	IEI	iShares 3 7 Sell-off Trend	Pair Corr
0.85	SPTI	SPDR Portfolio Inter Sell-off Trend	Pair Corr
0.89	SPMB	SPDR Portfolio Mortgage Sell-off Trend	Pair Corr
0.93	ITE	SPDR Bloomberg Barclays Sell-off Trend	Pair Corr
0.9	JMBS	Janus Henderson Mort	Pair Corr
0.81	FLGV	Franklin Liberty Treasury	Pair Corr
0.9	MBSD	FlexShares Disciplined	Pair Corr
0.63	OWNS	Quaker Investment Trust	Pair Corr
0.74	DFEN	Direxion Daily Aerospace	Pair Corr
0.62	DIS	Walt Disney	Pair Corr
0.71	IBM	International Business	Pair Corr
0.78	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.67	MRK	Merck Company Earnings Call This Week	Pair Corr
0.62	AA	Alcoa Corp	Pair Corr
0.63	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.74	CSCO	Cisco Systems	Pair Corr
0.72	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.7	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.74	BAC	Bank of America Aggressive Push	Pair Corr
0.81	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against Simplify Etf

0.76	ARKC	ARK 21Shares Active Low Volatility	Pair Corr
0.64	WTID	UBS ETRACS	Pair Corr
0.39	TRV	The Travelers Companies	Pair Corr
0.77	MCD	McDonalds	Pair Corr
0.6	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.45	KO	Coca Cola Sell-off Trend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.97	0.8	0.78	0.53	0.91	0.15	0.92	0.21	0.52	META
MSFT	0.97		0.83	0.83	0.49	0.85	0.15	0.95	0.24	0.51	MSFT
UBER	0.8	0.83		0.88	0.37	0.76	0.46	0.84	0.18	0.45	UBER
F	0.78	0.83	0.88		0.36	0.8	0.15	0.89	0.43	0.69	F
T	0.53	0.49	0.37	0.36		0.55	0.09	0.46	0.27	0.19	T
A	0.91	0.85	0.76	0.8	0.55		0.12	0.85	0.37	0.64	A
CRM	0.15	0.15	0.46	0.15	0.09	0.12		0.06	-0.38	-0.23	CRM
JPM	0.92	0.95	0.84	0.89	0.46	0.85	0.06		0.34	0.6	JPM
MRK	0.21	0.24	0.18	0.43	0.27	0.37	-0.38	0.34		0.54	MRK
XOM	0.52	0.51	0.45	0.69	0.19	0.64	-0.23	0.6	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

MSFT	+ 0.97	META
JPM	+ 0.95	MSFT
JPM	+ 0.92	META
A	+ 0.91	META
JPM	+ 0.89	F
F	+ 0.88	UBER

High negative correlations

MRK	- 0.38	CRM
XOM	- 0.23	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	1.43	0.30	0.31	0.47	0.58	(1.75)	3.99	(1.93)	10.48
MSFT	0.82	0.37	0.50	0.77	0.00	(1.04)	2.33	(0.94)	8.85
UBER	1.56	0.10	0.07	0.33	1.35	(1.96)	4.19	(2.02)	10.87
F	1.28	0.08	0.03	0.33	1.38	(1.40)	2.69	(2.33)	7.46
T	0.97	0.04	(0.10)	0.41	1.16	(1.06)	2.35	(2.23)	5.71
A	1.50	(0.13)	0.03	0.16	1.75	(1.58)	2.82	(2.89)	14.01
CRM	1.30	0.25	(0.06)	(0.23)	1.64	(1.29)	2.95	(3.19)	9.31
JPM	0.87	0.17	0.16	0.41	0.47	(1.01)	2.25	(1.31)	6.03
MRK	1.39	(0.13)	(0.04)	0.12	1.85	(1.35)	2.90	(3.31)	10.58
XOM	1.09	0.02	(0.09)	0.32	1.37	(1.06)	2.18	(2.58)	6.28

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