EA Series Correlations

SHOC Etf

USD 45.02 1.23 2.66%

The current 90-days correlation between EA Series Trust and EA Series Trust is 0.55 (i.e., Very 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 0.1 (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

0.67	VGT	Vanguard Information	Pair Corr
0.68	XLK	Technology Select Sector	Pair Corr
0.7	IYW	iShares Technology ETF	Pair Corr
0.89	SMH	VanEck Semiconductor ETF	Pair Corr
0.89	SOXX	iShares Semiconductor ETF	Pair Corr
0.67	FTEC	Fidelity MSCI Information	Pair Corr
0.69	IGM	iShares Expanded Tech	Pair Corr
0.7	BST	BlackRock Science Tech	Pair Corr

Moving against SHOC Etf

0.35	IRET	iREIT MarketVector	Pair Corr
0.4	DIS	Walt Disney	Pair Corr
0.38	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	STRV	STXD	STXG	STXV	STXK
STRV		0.88	0.9	0.61	0.44	STRV
STXD	0.88		0.66	0.8	0.53	STXD
STXG	0.9	0.66		0.23	0.28	STXG
STXV	0.61	0.8	0.23		0.67	STXV
STXK	0.44	0.53	0.28	0.67		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	0.60	0.01	0.01	0.02	0.96	(0.54)	1.15	(1.45)	3.99
STXD	0.53	0.03	0.03	0.06	0.73	(0.52)	1.04	(1.02)	3.57
STXG	0.74	0.01	0.01	0.03	1.00	(0.79)	1.16	(1.44)	4.53
STXV	0.59	0.00	0.00	0.00	0.74	(0.62)	1.27	(0.93)	3.80
STXK	0.77	(0.08)	0.00	(0.09)	0.00	0.00	1.73	(1.27)	5.90

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