EA Series Correlations

STXI Etf

26.72 0.18 0.67%

The current 90-days correlation between EA Series Trust and FT Vest Equity is 0.63 (i.e., Poor 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

Very weak diversification

The correlation between EA Series Trust and DJI is 0.56 (i.e., Very weak 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 interest.

Moving together with STXI Etf

0.96	VEA	Vanguard FTSE Developed	Pair Corr
0.99	IEFA	iShares Core MSCI	Pair Corr
0.95	VEU	Vanguard FTSE All	Pair Corr
0.96	EFA	iShares MSCI EAFE	Pair Corr
0.95	IXUS	iShares Core MSCI	Pair Corr
0.96	SPDW	SPDR SP World	Pair Corr
0.96	IDEV	iShares Core MSCI	Pair Corr
0.99	ESGD	iShares ESG Aware	Pair Corr
0.96	JIRE	JP Morgan Exchange	Pair Corr
0.93	DFAX	Dimensional World	Pair Corr
0.89	BABX	GraniteShares 175x Long	Pair Corr
0.9	XPP	ProShares Ultra FTSE	Pair Corr
0.9	GDXU	MicroSectors Gold Miners	Pair Corr
0.89	JNUG	Direxion Daily Junior	Pair Corr
0.94	SHNY	Microsectors Gold	Pair Corr
0.67	INTC	Intel	Pair Corr
0.74	TRV	The Travelers Companies	Pair Corr
0.83	MMM	3M Company	Pair Corr
0.83	GE	GE Aerospace	Pair Corr
0.83	IBM	International Business	Pair Corr
0.92	T	ATT Inc Earnings Call This Week	Pair Corr
0.76	MCD	McDonalds	Pair Corr
0.72	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against STXI Etf

0.45	WTID	UBS ETRACS	Pair Corr
0.39	AXP	American Express Sell-off Trend	Pair Corr
0.69	MSFT	Microsoft	Pair Corr
0.65	MRK	Merck Company	Pair Corr
0.64	AA	Alcoa Corp	Pair Corr
0.46	DIS	Walt Disney	Pair Corr
0.32	BAC	Bank of America Sell-off Trend	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	MCDS	MCHS	DISV	DJAN	MDLV	DJUL
DHDG		0.94	-0.01	0.85	-0.3	-0.23	0.81	0.01	0.88	DHDG
MBCC	0.94		0.18	0.75	-0.13	-0.06	0.78	0.22	0.86	MBCC
DIHP	-0.01	0.18		-0.38	0.89	0.96	-0.28	0.93	-0.17	DIHP
MCDS	0.85	0.75	-0.38		-0.61	-0.57	0.9	-0.29	0.93	MCDS
MCHS	-0.3	-0.13	0.89	-0.61		0.94	-0.54	0.86	-0.43	MCHS
DISV	-0.23	-0.06	0.96	-0.57	0.94		-0.5	0.86	-0.41	DISV
DJAN	0.81	0.78	-0.28	0.9	-0.54	-0.5		-0.2	0.95	DJAN
MDLV	0.01	0.22	0.93	-0.29	0.86	0.86	-0.2		-0.08	MDLV
DJUL	0.88	0.86	-0.17	0.93	-0.43	-0.41	0.95	-0.08		DJUL
	DHDG	MBCC	DIHP	MCDS	MCHS	DISV	DJAN	MDLV	DJUL

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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

DISV	+ 0.96	DIHP
DJUL	+ 0.95	DJAN
MBCC	+ 0.94	DHDG
DISV	+ 0.94	MCHS
MDLV	+ 0.93	DIHP
DJUL	+ 0.93	MCDS

High negative correlations

MCHS	- 0.61	MCDS
DISV	- 0.57	MCDS
DJAN	- 0.54	MCHS
DJAN	- 0.5	DISV
DJUL	- 0.43	MCHS
DJUL	- 0.41	DISV

EA Series Constituents Risk-Adjusted Indicators

There is a big difference between STXI 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
DHDG	0.43	(0.02)	0.00	(0.12)	0.00	0.00	0.87	(0.94)	2.86
MBCC	0.76	(0.03)	0.00	(0.10)	0.00	0.00	1.34	(2.25)	4.26
DIHP	0.59	0.12	0.18	0.16	0.67	(0.63)	1.30	(1.21)	3.71
MCDS	0.79	(0.14)	0.00	1.11	0.00	0.00	1.28	(2.08)	4.01
MCHS	1.14	0.17	0.19	1.25	1.07	(1.27)	2.90	(1.70)	5.93
DISV	0.65	0.18	0.22	0.24	0.68	(0.66)	1.54	(1.20)	5.30
DJAN	0.29	(0.04)	0.00	0.53	0.00	0.00	0.61	(0.77)	2.02
MDLV	0.56	0.04	0.13	(0.70)	0.82	(0.52)	1.08	(1.52)	3.33
DJUL	0.45	(0.07)	0.00	0.57	0.00	0.00	0.80	(1.08)	2.99

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