Simplify Commodities Correlations

HARD Etf

30.32 0.51 1.71%

The current 90-days correlation between Simplify Commodities and Teucrium Soybean is 0.36 (i.e., Weak diversification). The correlation of Simplify Commodities 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 Commodities Correlation With Market

Modest diversification

The correlation between Simplify Commodities Strategy and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simplify Commodities Strategy 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 Commodities 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 main economic indicators.

Moving against Simplify Etf

0.59	SIXD	AIM ETF Products	Pair Corr
0.49	DBC	Invesco DB Commodity	Pair Corr
0.48	PDBC	Invesco Optimum Yield	Pair Corr
0.46	BFEB	Innovator SP 500	Pair Corr
0.45	MEDI	Harbor Health Care	Pair Corr
0.44	ELD	WisdomTree Emerging	Pair Corr
0.43	FTGC	First Trust Global	Pair Corr
0.42	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.42	FELV	Fidelity Covington Trust	Pair Corr
0.41	FIAX	Nicholas Fixed Income	Pair Corr
0.37	COMB	GraniteShares Bloomberg	Pair Corr
0.36	DJP	iPath Bloomberg Commodity	Pair Corr
0.36	BCI	abrdn Bloomberg All	Pair Corr
0.35	MRSK	Northern Lights	Pair Corr
0.35	SCHX	Schwab Large Cap	Pair Corr
0.34	IBTI	iShares iBonds Dec	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.65	0.59	-0.67	0.63	-0.65	0.24	-0.09	-0.63	-0.65	META
MSFT	0.65		0.84	-0.5	0.33	-0.25	0.15	-0.25	-0.76	-0.59	MSFT
UBER	0.59	0.84		-0.61	0.55	-0.4	0.0	-0.07	-0.83	-0.56	UBER
F	-0.67	-0.5	-0.61		-0.72	0.62	0.23	0.31	0.71	0.75	F
T	0.63	0.33	0.55	-0.72		-0.65	-0.38	-0.03	-0.55	-0.47	T
A	-0.65	-0.25	-0.4	0.62	-0.65		-0.14	-0.26	0.6	0.34	A
CRM	0.24	0.15	0.0	0.23	-0.38	-0.14		0.24	-0.08	0.06	CRM
JPM	-0.09	-0.25	-0.07	0.31	-0.03	-0.26	0.24		0.11	0.26	JPM
MRK	-0.63	-0.76	-0.83	0.71	-0.55	0.6	-0.08	0.11		0.63	MRK
XOM	-0.65	-0.59	-0.56	0.75	-0.47	0.34	0.06	0.26	0.63		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	+ 0.84	MSFT
XOM	+ 0.75	F
MRK	+ 0.71	F
MSFT	+ 0.65	META
T	+ 0.63	META
XOM	+ 0.63	MRK

High negative correlations

MRK	- 0.83	UBER
MRK	- 0.76	MSFT
T	- 0.72	F
F	- 0.67	META
A	- 0.65	T
XOM	- 0.65	META

Simplify Commodities Competition Risk-Adjusted Indicators

There is a big difference between Simplify Etf performing well and Simplify Commodities 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 Commodities' 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	1.40	(0.29)	0.00	(0.26)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.94	(0.10)	0.00	(0.11)	0.00	0.00	1.85	(2.50)	5.08
UBER	1.51	(0.32)	0.00	(0.23)	0.00	0.00	3.34	(3.82)	10.91
F	1.51	0.16	0.09	0.16	1.71	(1.62)	3.38	(2.63)	16.30
T	0.94	(0.29)	0.00	(1.03)	0.00	0.00	1.61	(2.18)	5.75
A	1.25	0.05	0.04	0.10	1.33	(1.34)	2.34	(2.21)	11.03
CRM	1.57	0.05	0.02	0.10	2.05	(1.51)	3.66	(2.92)	9.91
JPM	1.01	(0.04)	(0.02)	0.02	1.46	(0.99)	2.00	(1.91)	7.02
MRK	1.42	0.30	0.22	0.43	1.13	(1.85)	4.85	(2.06)	11.45
XOM	0.95	0.03	(0.01)	0.23	1.01	(1.01)	1.96	(1.51)	4.99

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