EA Series Correlations

Etfs . USA . 
Etf . EA Series Trust
STRV Etf  USD 38.90  0.28  0.73%   
The current 90-days correlation between EA Series Trust and EA Series Trust is 0.3 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

EA Series Correlation With Market

Very poor diversification

The correlation between EA Series Trust and DJI is 0.81 (i.e., Very poor 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 metropolitan statistical area.

Moving together with STRV Etf

  1.0VTI Vanguard Total StockPairCorr
  1.0SPY SPDR SP 500 Aggressive PushPairCorr
  1.0IVV iShares Core SPPairCorr
  0.95VIG Vanguard DividendPairCorr
  1.0VV Vanguard Large CapPairCorr
  0.97RSP Invesco SP 500PairCorr
  1.0IWB iShares Russell 1000PairCorr
  1.0ESGU iShares ESG AwarePairCorr
  0.99DFAC Dimensional Core EquityPairCorr
  1.0SPLG SPDR Portfolio SPPairCorr
  0.87NVDL GraniteShares 15x LongPairCorr
  0.87NVDX T Rex 2XPairCorr
  0.87NVDU Direxion Daily NVDAPairCorr
  0.92CRPT First Trust SkyBridgePairCorr
  0.83BITX Volatility Shares TrustPairCorr
  0.82CONL GraniteShares ETF TrustPairCorr
  0.91DAPP VanEck Digital TransPairCorr
  0.85DPST Direxion Daily RegionalPairCorr
  0.92WGMI Valkyrie Bitcoin MinersPairCorr
  0.87BAC Bank of America Aggressive PushPairCorr
  0.96CSCO Cisco Systems Sell-off TrendPairCorr
  0.85CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.89CVX Chevron Corp Sell-off TrendPairCorr
  0.82HD Home DepotPairCorr
  0.93AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.86WMT Walmart Aggressive PushPairCorr
  0.66XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.9INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.81DIS Walt Disney Sell-off TrendPairCorr

Moving against STRV Etf

  0.82MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.8JNJ Johnson Johnson Sell-off TrendPairCorr
  0.66PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

EA Series Constituents Risk-Adjusted Indicators

There is a big difference between STRV 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.

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