EA Series Correlations

DRLL Etf

USD 29.56 0.59 2.04%

The current 90-days correlation between EA Series Trust and EA Series Trust is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EA Series moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EA Series Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

EA Series Correlation With Market

Good diversification

The correlation between EA Series Trust and DJI is -0.17 (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 Investing Opportunities 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 bureau of economic analysis.

Moving together with DRLL Etf

0.99	XLE	Energy Select Sector Aggressive Push	Pair Corr
0.97	VDE	Vanguard Energy Index	Pair Corr
0.7	XOP	SPDR SP Oil Sell-off Trend	Pair Corr
0.99	IYE	iShares Energy ETF	Pair Corr
0.97	IXC	iShares Global Energy	Pair Corr
0.74	FXN	First Trust Energy	Pair Corr
0.97	FENY	Fidelity MSCI Energy	Pair Corr
0.9	FTXN	First Trust Nasdaq	Pair Corr
0.91	IEO	iShares Oil Gas Low Volatility	Pair Corr

Moving against DRLL Etf

0.36	PG	Procter Gamble	Pair Corr
0.33	PFE	Pfizer Inc Sell-off Trend	Pair Corr

Related Correlations Analysis

	STRV	SHOC	RUM	STXD	UMI
STRV		0.8	0.74	0.8	0.42	STRV
SHOC	0.8		0.74	0.39	0.35	SHOC
RUM	0.74	0.74		0.38	0.03	RUM
STXD	0.8	0.39	0.38		0.3	STXD
UMI	0.42	0.35	0.03	0.3		UMI
	STRV	SHOC	RUM	STXD	UMI

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EA Series Constituents Risk-Adjusted Indicators

There is a big difference between DRLL 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
STRV	0.83	(0.10)	0.00	8.37	0.00	0.00	1.24	(1.51)	4.94
SHOC	2.17	(0.15)	0.00	3.77	0.00	0.00	5.06	(5.92)	16.64
RUM	5.79	0.72	0.09	0.10	5.11	(8.39)	8.31	(8.82)	93.50
STXD	0.64	(0.03)	0.00	(0.93)	0.00	0.00	1.08	(1.16)	2.84
UMI	0.97	0.10	0.13	(1.01)	1.29	(1.00)	1.70	(2.09)	6.83

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