EA Series Correlations

STXV Etf

31.10 0.05 0.16%

The current 90-days correlation between EA Series Trust and EA Series Trust is 0.73 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

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 STXV Etf

0.99	VTV	Vanguard Value Index	Pair Corr
0.92	VYM	Vanguard High Dividend	Pair Corr
0.94	IWD	iShares Russell 1000	Pair Corr
0.96	DGRO	iShares Core Dividend	Pair Corr
0.91	IVE	iShares SP 500	Pair Corr
0.93	DVY	iShares Select Dividend	Pair Corr
0.91	SPYV	SPDR Portfolio SP	Pair Corr
0.79	FVD	First Trust Value	Pair Corr
0.91	IUSV	iShares Core SP	Pair Corr
0.81	NOBL	ProShares SP 500 Low Volatility	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.78	JNJ	Johnson Johnson	Pair Corr
0.78	VZ	Verizon Communications Aggressive Push	Pair Corr
0.71	XOM	Exxon Mobil Corp	Pair Corr

Moving against STXV Etf

0.48	VXX	iPath Series B Low Volatility	Pair Corr
0.31	BA	Boeing	Pair Corr

Related Correlations Analysis

	STXD	STXG	STXK	SHOC	STRV
STXD		0.66	0.53	0.19	0.88	STXD
STXG	0.66		0.28	0.54	0.9	STXG
STXK	0.53	0.28		-0.13	0.44	STXK
SHOC	0.19	0.54	-0.13		0.45	SHOC
STRV	0.88	0.9	0.44	0.45		STRV
	STXD	STXG	STXK	SHOC	STRV

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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

STRV	+ 0.9	STXG
STRV	+ 0.88	STXD
STXG	+ 0.66	STXD
SHOC	+ 0.54	STXG
STXK	+ 0.53	STXD
STRV	+ 0.45	SHOC

High negative correlations

SHOC

- 0.13

STXK

EA Series Constituents Risk-Adjusted Indicators

There is a big difference between STXV 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
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
STXK	0.77	(0.08)	0.00	(0.09)	0.00	0.00	1.73	(1.27)	5.90
SHOC	1.52	0.00	0.00	0.02	2.04	(1.54)	2.84	(3.39)	9.98
STRV	0.60	0.01	0.01	0.02	0.96	(0.54)	1.15	(1.45)	3.99

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