Simplify Exchange Correlations

MTBA Etf

50.37 0.03 0.06%

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

Good diversification

The correlation between Simplify Exchange Traded and DJI is -0.11 (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.

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

0.94	GOVT	iShares Treasury Bond Sell-off Trend	Pair Corr
0.99	MBB	iShares MBS ETF Sell-off Trend	Pair Corr
0.98	IEI	iShares 3 7	Pair Corr
0.99	SPTI	SPDR Portfolio Inter	Pair Corr
0.99	SPMB	SPDR Portfolio Mortgage	Pair Corr
0.99	ITE	SPDR Bloomberg Barclays	Pair Corr
0.99	JMBS	Janus Henderson Mort	Pair Corr
0.99	FLGV	Franklin Liberty Treasury	Pair Corr
0.99	MBSD	FlexShares Disciplined	Pair Corr
0.98	OWNS	Quaker Investment Trust	Pair Corr
0.9	MYMH	SPDR SSGA My2028	Pair Corr
0.98	PCRB	Putnam ETF Trust	Pair Corr
0.81	AGQI	First Trust Exchange	Pair Corr
0.99	VGIT	Vanguard Intermediate	Pair Corr
0.92	AGIH	iShares ETF Trust	Pair Corr
0.82	GLTR	abrdn Physical Precious	Pair Corr
0.93	CGSM	Capital Group Fixed	Pair Corr
0.77	AAXJ	iShares MSCI All	Pair Corr
0.91	IROC	IROC Symbol Change	Pair Corr
0.95	UTWY	US Treasury 20	Pair Corr
0.94	VEMGF	Vanguard Funds Public	Pair Corr

Moving against Simplify Etf

0.78	USD	ProShares Ultra Semi	Pair Corr
0.7	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.64	FNGO	MicroSectors FANG Index	Pair Corr
0.58	NAIL	Direxion Daily Homeb Downward Rally	Pair Corr
0.64	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.58	GUSH	Direxion Daily SP	Pair Corr
0.49	FCG	First Trust Natural	Pair Corr
0.32	DUSL	Direxion Daily Indus	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.07	0.61	-0.52	0.35	0.4	0.23	0.9	-0.75	0.03	META
MSFT	-0.07		-0.63	0.16	-0.79	0.68	0.89	0.07	0.46	-0.47	MSFT
UBER	0.61	-0.63		-0.4	0.8	-0.24	-0.54	0.55	-0.85	0.5	UBER
F	-0.52	0.16	-0.4		-0.1	0.01	-0.01	-0.39	0.58	0.29	F
T	0.35	-0.79	0.8	-0.1		-0.56	-0.7	0.2	-0.66	0.55	T
A	0.4	0.68	-0.24	0.01	-0.56		0.77	0.61	0.11	-0.25	A
CRM	0.23	0.89	-0.54	-0.01	-0.7	0.77		0.3	0.26	-0.52	CRM
JPM	0.9	0.07	0.55	-0.39	0.2	0.61	0.3		-0.64	0.09	JPM
MRK	-0.75	0.46	-0.85	0.58	-0.66	0.11	0.26	-0.64		-0.3	MRK
XOM	0.03	-0.47	0.5	0.29	0.55	-0.25	-0.52	0.09	-0.3		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

JPM	+ 0.9	META
CRM	+ 0.89	MSFT
T	+ 0.8	UBER
CRM	+ 0.77	A
A	+ 0.68	MSFT
UBER	+ 0.61	META

High negative correlations

MRK	- 0.85	UBER
T	- 0.79	MSFT
MRK	- 0.75	META
CRM	- 0.7	T
MRK	- 0.66	T
MRK	- 0.64	JPM

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	1.59	(0.03)	0.00	(0.10)	0.00	0.00	2.57	(3.73)	8.90
MSFT	1.10	(0.17)	0.00	(0.32)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.89	0.35	0.16	0.60	2.15	(2.04)	4.72	(3.13)	12.75
F	1.47	0.08	0.03	0.00	2.22	(1.39)	2.71	(2.89)	10.14
T	1.05	0.27	0.17	0.42	1.61	(1.12)	1.90	(1.75)	11.66
A	1.16	(0.17)	0.00	(0.26)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.38	(0.29)	0.00	(0.33)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.10	0.07	0.04	(0.01)	1.72	(1.04)	1.99	(3.35)	6.85
MRK	1.15	(0.08)	0.00	1.02	0.00	0.00	2.07	(1.80)	11.58
XOM	1.07	0.10	0.10	0.15	1.40	(1.08)	2.55	(2.36)	5.89

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