Simplify Exchange Traded Etf Profile
CDX Etf | USD 23.25 0.09 0.39% |
Performance1 of 100
| Odds Of DistressLess than 9
|
Simplify Exchange is trading at 23.25 as of the 30th of November 2024; that is 0.39 percent up since the beginning of the trading day. The etf's open price was 23.16. Simplify Exchange has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Simplify Exchange Traded are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
The adviser seeks to achieve the funds investment objective by investing in high yield bonds also known as junk bonds primarily by purchasing exchange traded funds and applying a credit hedge derivatives strategy to the funds investments. Simplify High is traded on NYSEARCA Exchange in the United States.. More on Simplify Exchange Traded
Simplify Etf Highlights
Thematic Ideas | (View all Themes) |
Business Concentration | Broad Debt ETFs, High Yield ETFs, High Yield Bond, Simplify Asset Management (View all Sectors) |
Issuer | Simplify Asset Management |
Inception Date | 2022-02-14 |
Entity Type | Regulated Investment Company |
Asset Under Management | 122.68 Million |
Asset Type | Fixed Income |
Category | Broad Debt |
Focus | High Yield |
Market Concentration | Developed Markets |
Region | North America |
Administrator | The Bank of New York Mellon Corporation |
Advisor | Simplify Asset Management Inc. |
Custodian | The Bank of New York Mellon Corporation |
Distributor | Foreside Financial Services, LLC |
Portfolio Manager | Paul Kim, David Berns, Michael Green, Harley Bassman |
Transfer Agent | The Bank of New York Mellon Corporation |
Fiscal Year End | 30-Jun |
Exchange | NYSE Arca, Inc. |
Number of Constituents | 21.0 |
Market Maker | Wolverine Trading |
Total Expense | 0.51 |
Management Fee | 0.5 |
Country Name | USA |
Returns Y T D | 10.07 |
Name | Simplify Exchange Traded Funds |
Currency Code | USD |
Open Figi | BBG015BCL2F4 |
1y Volatility | 5.3 |
200 Day M A | 23.2797 |
50 Day M A | 23.4999 |
Code | CDX |
Updated At | 30th of November 2024 |
Currency Name | US Dollar |
Type | ETF |
Simplify Exchange Traded [CDX] is traded in USA and was established 2022-02-14. The fund is classified under High Yield Bond category within Simplify Asset Management family. The entity is thematically classified as Broad Debt ETFs. Simplify Exchange Traded currently have 53.03 M in assets under management (AUM). , while the total return for the last year was 11.8%.
Check Simplify Exchange Probability Of Bankruptcy
Simplify Exchange Traded Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Simplify Exchange. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
Risk Adjusted Performance | 0.0251 | |||
Jensen Alpha | (0.01) | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | (0.24) |
Simplify Exchange Against Markets
Check out Trending Equities 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 unemployment. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of Simplify Exchange Traded is measured differently than its book value, which is the value of Simplify that is recorded on the company's balance sheet. Investors also form their own opinion of Simplify Exchange's value that differs from its market value or its book value, called intrinsic value, which is Simplify Exchange's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Simplify Exchange's market value can be influenced by many factors that don't directly affect Simplify Exchange's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Simplify Exchange's value and its price as these two are different measures arrived at by different means. Investors typically determine if Simplify Exchange is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Simplify Exchange's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.