Simplify Exchange Correlations
| CTA Etf | USD 29.52 0.22 0.75% |
The current 90-days correlation between Simplify Exchange Traded and KFA Mount Lucas is 0.14 (i.e., Average 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
Very good diversification
The correlation between Simplify Exchange Traded and DJI is -0.21 (i.e., Very 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.
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Moving together with Simplify Etf
| 0.74 | FXY | Invesco CurrencyShares | PairCorr |
| 0.62 | PMBS | PIMCO Mortgage Backed | PairCorr |
| 0.62 | AMPD | Tidal Trust II | PairCorr |
| 0.61 | SPHD | Invesco SP 500 | PairCorr |
| 0.87 | GDXU | MicroSectors Gold Miners | PairCorr |
| 0.64 | SPIB | SPDR Barclays Interm | PairCorr |
| 0.82 | JMST | JPMorgan Ultra Short | PairCorr |
| 0.74 | GHMS | Goose Hollow Multi | PairCorr |
| 0.72 | EMLP | First Trust North | PairCorr |
| 0.8 | GSEU | Goldman Sachs ActiveBeta | PairCorr |
| 0.86 | MLPB | UBS AG London | PairCorr |
| 0.76 | EEMX | SPDR MSCI Emerging | PairCorr |
| 0.72 | BBEM | JP Morgan Exchange | PairCorr |
| 0.72 | ACWV | iShares MSCI Global | PairCorr |
Moving against Simplify Etf
| 0.79 | KMLM | KFA Mount Lucas | PairCorr |
| 0.58 | WGMI | Valkyrie Bitcoin Miners | PairCorr |
| 0.54 | FMF | First Trust Managed | PairCorr |
| 0.42 | WTMF | WisdomTree Managed | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Simplify Exchange Constituents 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KMLM | 0.58 | (0.04) | 0.00 | 0.66 | 0.00 | 1.14 | 3.02 | |||
| DBMF | 0.43 | (0.06) | 0.00 | (1.72) | 0.00 | 0.91 | 3.41 | |||
| PFIX | 1.90 | 0.00 | 0.00 | (0.05) | 0.00 | 4.06 | 10.66 | |||
| BTAL | 1.11 | 0.16 | 0.17 | 1.34 | 0.98 | 2.04 | 7.31 | |||
| CYA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |