Simplify Exchange Correlations

MTBA Etf

49.87 0.08 0.16%

The current 90-days correlation between Simplify Exchange Traded and FlexShares Disciplined Duration is 0.89 (i.e., Very poor 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

Modest diversification

The correlation between Simplify Exchange Traded and DJI is 0.26 (i.e., Modest 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

0.84	GOVT	iShares Treasury Bond	Pair Corr
0.97	MBB	iShares MBS ETF	Pair Corr
0.93	IEI	iShares 3 7	Pair Corr
0.86	SPTI	SPDR Portfolio Inter	Pair Corr
0.96	SPMB	SPDR Portfolio Mortgage	Pair Corr
0.86	ITE	SPDR Bloomberg Barclays	Pair Corr
0.97	JMBS	Janus Henderson Mort	Pair Corr
0.87	FLGV	Franklin Liberty Treasury	Pair Corr
0.97	MBSD	FlexShares Disciplined	Pair Corr
0.63	OWNS	Quaker Investment Trust	Pair Corr
0.73	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.73	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.73	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.98	BND	Vanguard Total Bond	Pair Corr
0.78	VTV	Vanguard Value Index	Pair Corr
0.7	VUG	Vanguard Growth Index	Pair Corr
0.7	VO	Vanguard Mid Cap	Pair Corr
0.72	VEA	Vanguard FTSE Developed	Pair Corr
0.69	VB	Vanguard Small Cap	Pair Corr
0.7	MBCC	Northern Lights	Pair Corr
0.74	DECW	AIM ETF Products	Pair Corr
0.73	SSUS	Day HaganNed Davis	Pair Corr
0.76	IWN	iShares Russell 2000	Pair Corr
0.82	MVLL	GraniteShares 2x Long	Pair Corr
0.74	WDSSF	WisdomTree Issuer ICAV	Pair Corr
0.71	IBIC	iShares Trust	Pair Corr
0.65	FVD	First Trust Value	Pair Corr
0.71	AIVL	WisdomTree Trust	Pair Corr
0.82	MPRO	Northern Lights	Pair Corr
0.8	CVSB	Morgan Stanley Etf	Pair Corr
0.95	XTWO	Bondbloxx ETF Trust	Pair Corr
0.66	ENOR	iShares MSCI Norway	Pair Corr
0.7	EFAA	Invesco Actively Managed	Pair Corr
0.7	VWO	Vanguard FTSE Emerging Sell-off Trend	Pair Corr
0.76	IUSV	iShares Core SP	Pair Corr
0.7	QQQ	Invesco QQQ Trust Sell-off Trend	Pair Corr
0.68	EWQ	iShares MSCI France	Pair Corr
0.71	LRNZ	Elevation Series Trust	Pair Corr
0.75	DWCR	Arrow DWA Tactical	Pair Corr
0.71	DCPE	DoubleLine Shiller CAPE	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	0.57	META
MSFT	0.98		0.87	0.85	0.52	0.89	0.29	0.96	0.24	0.59	MSFT
UBER	0.84	0.87		0.9	0.42	0.81	0.54	0.88	0.21	0.54	UBER
F	0.82	0.85	0.9		0.4	0.84	0.28	0.91	0.43	0.73	F
T	0.55	0.52	0.42	0.4		0.57	0.17	0.5	0.27	0.16	T
A	0.93	0.89	0.81	0.84	0.57		0.24	0.89	0.37	0.63	A
CRM	0.29	0.29	0.54	0.28	0.17	0.24		0.23	-0.26	-0.08	CRM
JPM	0.94	0.96	0.88	0.91	0.5	0.89	0.23		0.32	0.68	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.37	-0.26	0.32		0.56	MRK
XOM	0.57	0.59	0.54	0.73	0.16	0.63	-0.08	0.68	0.56		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	- 0.08	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	1.08	0.14	0.00	(9.00)	1.19	(1.12)	2.40	(2.51)	5.84

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