EA Series Correlations

SHOC Etf

USD 42.30 0.45 1.05%

The current 90-days correlation between EA Series Trust and EA Series Trust is 0.36 (i.e., Weak 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

Average diversification

The correlation between EA Series Trust and DJI is 0.12 (i.e., Average 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 World Market Map 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 persons.

Moving together with SHOC Etf

0.84	VGT	Vanguard Information	Pair Corr
0.9	XLK	Technology Select Sector	Pair Corr
0.84	IYW	iShares Technology ETF	Pair Corr
0.87	SMH	VanEck Semiconductor ETF	Pair Corr
0.86	SOXX	iShares Semiconductor ETF	Pair Corr
0.84	FTEC	Fidelity MSCI Information	Pair Corr
0.79	IGV	iShares Expanded Tech Low Volatility	Pair Corr
0.68	FDN	First Trust Dow	Pair Corr
0.82	IGM	iShares Expanded Tech	Pair Corr
0.84	USD	ProShares Ultra Semi	Pair Corr
0.72	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.82	FNGO	MicroSectors FANG Index	Pair Corr
0.82	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.66	GUSH	Direxion Daily SP	Pair Corr
0.84	HPQ	HP Inc	Pair Corr
0.68	BAC	Bank of America Sell-off Trend	Pair Corr
0.62	HD	Home Depot	Pair Corr
0.69	MSFT	Microsoft	Pair Corr
0.69	BA	Boeing	Pair Corr
0.74	AXP	American Express Sell-off Trend	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr

Moving against SHOC Etf

0.77	TRV	The Travelers Companies	Pair Corr
0.55	T	ATT Inc Earnings Call This Week	Pair Corr
0.55	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	STRV	STXD	STXG	STXV	STXK
STRV		0.79	0.97	0.45	0.89	STRV
STXD	0.79		0.65	0.8	0.56	STXD
STXG	0.97	0.65		0.23	0.93	STXG
STXV	0.45	0.8	0.23		0.17	STXV
STXK	0.89	0.56	0.93	0.17		STXK
	STRV	STXD	STXG	STXV	STXK

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EA Series Constituents Risk-Adjusted Indicators

There is a big difference between SHOC 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	(0.04)	0.00	(0.12)	0.00	0.00	1.24	(1.80)	4.94
STXD	0.69	0.01	0.00	(0.06)	0.00	0.00	1.13	(1.41)	3.53
STXG	0.96	(0.08)	0.00	(0.16)	0.00	0.00	1.50	(2.41)	5.62
STXV	0.68	0.04	0.07	(0.01)	0.90	(0.66)	1.28	(1.45)	3.44
STXK	0.89	(0.20)	0.00	1.74	0.00	0.00	1.42	(2.32)	4.96

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