EA Series Correlations

CCMG Etf

27.94 0.20 0.71%

The current 90-days correlation between EA Series Trust and Strategy Shares is -0.14 (i.e., Good diversification). The correlation of EA Series 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.

EA Series Correlation With Market

Good diversification

The correlation between EA Series Trust 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 EA Series Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in EA Series Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with CCMG Etf

0.8	DGT	SPDR Global Dow	Pair Corr
0.82	DEW	WisdomTree Global High	Pair Corr
0.85	JDIV	JP Morgan Exchange	Pair Corr
0.63	WLDR	Affinity World Leaders	Pair Corr
0.9	ASET	FlexShares Real Assets	Pair Corr
0.78	FPAG	Northern Lights	Pair Corr
0.67	AMZA	InfraCap MLP ETF	Pair Corr
0.76	MYMH	SPDR SSGA My2028	Pair Corr
0.8	AGQI	First Trust Exchange	Pair Corr
0.84	BKCI	BNY Mellon ETF	Pair Corr
0.66	VEMGF	Vanguard Funds Public	Pair Corr
0.7	DD	Dupont De Nemours	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.65	GE	GE Aerospace	Pair Corr
0.61	VZ	Verizon Communications	Pair Corr

Moving against CCMG Etf

0.52	PFIX	Simplify Interest Rate	Pair Corr
0.59	MRK	Merck Company	Pair Corr
0.32	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DINT	MCHI	DIVS	DIVY	DIVZ	PY	VT
DHSB		-0.06	-0.01	-0.03	-0.02	0.01	-0.09	-0.11	-0.17	DHSB
MBOX	-0.06		0.25	0.18	0.54	0.92	0.73	0.77	0.83	MBOX
DINT	-0.01	0.25		0.93	0.86	0.47	0.72	-0.16	0.1	DINT
MCHI	-0.03	0.18	0.93		0.85	0.39	0.77	-0.24	0.03	MCHI
DIVS	-0.02	0.54	0.86	0.85		0.69	0.91	0.04	0.27	DIVS
DIVY	0.01	0.92	0.47	0.39	0.69		0.8	0.62	0.71	DIVY
DIVZ	-0.09	0.73	0.72	0.77	0.91	0.8		0.28	0.5	DIVZ
PY	-0.11	0.77	-0.16	-0.24	0.04	0.62	0.28		0.91	PY
VT	-0.17	0.83	0.1	0.03	0.27	0.71	0.5	0.91		VT
	DHSB	MBOX	DINT	MCHI	DIVS	DIVY	DIVZ	PY	VT

Click cells to compare fundamentals

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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

MCHI	+ 0.93	DINT
DIVY	+ 0.92	MBOX
DIVZ	+ 0.91	DIVS
VT	+ 0.91	PY
DIVS	+ 0.86	DINT
DIVS	+ 0.85	MCHI

High negative correlations

PY	- 0.24	MCHI
VT	- 0.17	DHSB
PY	- 0.16	DINT
PY	- 0.11	DHSB
DIVZ	- 0.09	DHSB
MBOX	- 0.06	DHSB

EA Series Constituents Risk-Adjusted Indicators

There is a big difference between CCMG Etf performing well and EA Series 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 EA Series' 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
DHSB	0.38	(0.09)	0.00	(0.62)	0.00	0.00	0.82	(0.74)	1.68
MBOX	0.69	(0.04)	0.00	0.37	0.00	0.00	1.08	(1.40)	3.45
DINT	1.01	0.08	0.10	1.14	1.35	(1.06)	2.03	(2.08)	8.79
MCHI	1.33	0.32	0.25	1.03	1.30	(1.55)	2.63	(2.42)	7.91
DIVS	0.61	0.01	0.12	(0.10)	0.76	(0.63)	1.18	(1.32)	3.19
DIVY	0.64	(0.04)	0.00	0.32	0.00	0.00	1.50	(1.31)	3.13
DIVZ	0.60	0.03	0.14	(0.27)	0.74	(0.65)	1.20	(1.22)	3.60
PY	0.69	0.00	0.00	(0.08)	0.00	0.00	1.35	(1.57)	3.12
VT	0.71	0.01	0.00	(0.06)	0.00	0.00	1.21	(1.51)	4.20

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