Simplify Exchange Correlations

RFIX Etf

38.75 1.81 4.46%

The current 90-days correlation between Simplify Exchange Traded and Blackrock ETF Trust is -0.27 (i.e., Very 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Simplify Exchange Correlation With Market

Good diversification

The correlation between Simplify Exchange Traded and DJI is -0.13 (i.e., Good 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 Your Equity Center 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 gross domestic product.

Moving against Simplify Etf

0.59	AMPD	Tidal ETF Services	Pair Corr
0.56	IVV	iShares Core SP	Pair Corr
0.55	SPY	SPDR SP 500	Pair Corr
0.55	CPST	Calamos ETF Trust	Pair Corr
0.52	VTI	Vanguard Total Stock	Pair Corr
0.51	VEA	Vanguard FTSE Developed	Pair Corr
0.49	VTV	Vanguard Value Index	Pair Corr
0.45	VUG	Vanguard Growth Index	Pair Corr
0.43	ITDD	iShares Trust	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.68	BAC	Bank of America Aggressive Push	Pair Corr
0.65	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.61	AXP	American Express	Pair Corr
0.58	IBM	International Business	Pair Corr
0.56	TRV	The Travelers Companies	Pair Corr
0.53	AA	Alcoa Corp	Pair Corr
0.52	MMM	3M Company	Pair Corr
0.46	JNJ	Johnson Johnson	Pair Corr
0.43	PFE	Pfizer Inc	Pair Corr
0.41	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.33	INTC	Intel	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.63	0.66	-0.72	0.69	-0.73	0.24	-0.05	-0.67	-0.65	META
MSFT	0.63		0.82	-0.41	0.2	-0.31	0.3	-0.12	-0.71	-0.56	MSFT
UBER	0.66	0.82		-0.57	0.45	-0.61	0.22	0.17	-0.81	-0.58	UBER
F	-0.72	-0.41	-0.57		-0.72	0.76	0.17	0.21	0.7	0.76	F
T	0.69	0.2	0.45	-0.72		-0.82	-0.28	0.06	-0.54	-0.48	T
A	-0.73	-0.31	-0.61	0.76	-0.82		-0.05	-0.19	0.73	0.44	A
CRM	0.24	0.3	0.22	0.17	-0.28	-0.05		0.16	-0.19	0.01	CRM
JPM	-0.05	-0.12	0.17	0.21	0.06	-0.19	0.16		-0.01	0.22	JPM
MRK	-0.67	-0.71	-0.81	0.7	-0.54	0.73	-0.19	-0.01		0.62	MRK
XOM	-0.65	-0.56	-0.58	0.76	-0.48	0.44	0.01	0.22	0.62		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

UBER	+ 0.82	MSFT
A	+ 0.76	F
XOM	+ 0.76	F
MRK	+ 0.73	A
MRK	+ 0.7	F
T	+ 0.69	META

High negative correlations

A	- 0.82	T
MRK	- 0.81	UBER
A	- 0.73	META
T	- 0.72	F
F	- 0.72	META
MRK	- 0.71	MSFT

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	1.38	(0.28)	0.00	(0.24)	0.00	0.00	2.26	(2.72)	13.52
MSFT	0.97	(0.11)	0.00	(0.11)	0.00	0.00	1.85	(2.50)	5.08
UBER	1.57	(0.21)	0.00	(0.16)	0.00	0.00	3.34	(4.99)	10.91
F	1.47	0.17	0.11	0.19	1.67	(1.66)	3.38	(2.35)	16.30
T	0.94	(0.28)	0.00	(0.94)	0.00	0.00	1.61	(2.18)	5.75
A	1.30	0.08	0.06	0.14	1.33	(1.42)	2.34	(2.23)	11.03
CRM	1.57	0.03	0.02	0.10	1.98	(1.60)	3.66	(2.72)	9.91
JPM	0.98	(0.01)	0.00	0.06	1.44	(0.93)	2.00	(1.91)	7.02
MRK	1.41	0.22	0.15	0.32	1.18	(1.81)	4.84	(2.60)	11.45
XOM	0.91	0.09	0.03	0.63	0.90	(0.96)	1.96	(1.41)	4.63

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