EA Series Correlations

BUXX Etf

20.33 0.01 0.05%

The current 90-days correlation between EA Series Trust and Valued Advisers Trust is 0.4 (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. 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 0.47 (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 Trending Equities 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 BUXX Etf

0.98	BIL	SPDR Bloomberg 1	Pair Corr
0.98	SHV	iShares Short Treasury	Pair Corr
0.98	JPST	JPMorgan Ultra Short	Pair Corr
0.98	USFR	WisdomTree Floating Rate	Pair Corr
0.98	ICSH	iShares Ultra Short	Pair Corr
0.98	FTSM	First Trust Enhanced	Pair Corr
0.98	SGOV	iShares 0 3	Pair Corr
0.98	GBIL	Goldman Sachs Access	Pair Corr
0.98	TFLO	iShares Treasury Floating	Pair Corr
0.98	FLRN	SPDR Bloomberg Investment	Pair Corr
0.95	VR	VR	Pair Corr
0.92	PJAN	Innovator SP 500	Pair Corr
0.62	XOUT	GraniteShares XOUT Large	Pair Corr
0.71	GSG	iShares SP GSCI	Pair Corr
0.74	BTRN	Global X Funds	Pair Corr
0.96	SEIX	Virtus ETF Trust	Pair Corr
0.93	GJAN	First Trust Exchange	Pair Corr
0.81	XCCC	BondBloxx ETF Trust	Pair Corr
0.77	TSLY	Tidal Trust II	Pair Corr
0.97	MINT	PIMCO Enhanced Short	Pair Corr
0.62	BNO	United States Brent	Pair Corr
0.87	PBDC	Putnam ETF Trust	Pair Corr
0.83	GMM	Global Mofy Metaverse	Pair Corr
0.63	FETH	Fidelity Advantage Ether Buyout Trend	Pair Corr
0.93	BRLN	Blackrock ETF Trust	Pair Corr
0.89	WUCT	UBS AG London	Pair Corr
0.89	STK	Columbia Seligman Premium	Pair Corr
0.63	NFLY	Tidal Trust II	Pair Corr
0.68	BITX	Volatility Shares Trust Buyout Trend	Pair Corr

Moving against BUXX Etf

0.86	FNGD	MicroSectors FANG Index	Pair Corr
0.71	EMC	Global X Funds	Pair Corr
0.51	VXX	iPath Series B	Pair Corr
0.38	INTL	Main International ETF	Pair Corr
0.33	SMI	VanEck Vectors ETF	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.73	-0.57	-0.59	0.32	0.57	0.53	0.34	-0.06	-0.67	META
MSFT	0.73		-0.53	-0.24	0.56	0.23	0.65	0.25	-0.1	-0.47	MSFT
UBER	-0.57	-0.53		0.64	-0.58	-0.08	-0.78	-0.56	0.67	0.81	UBER
F	-0.59	-0.24	0.64		0.01	-0.25	-0.2	-0.07	0.2	0.9	F
T	0.32	0.56	-0.58	0.01		0.0	0.8	0.59	-0.45	-0.23	T
A	0.57	0.23	-0.08	-0.25	0.0		0.12	0.22	0.32	-0.19	A
CRM	0.53	0.65	-0.78	-0.2	0.8	0.12		0.7	-0.59	-0.44	CRM
JPM	0.34	0.25	-0.56	-0.07	0.59	0.22	0.7		-0.62	-0.25	JPM
MRK	-0.06	-0.1	0.67	0.2	-0.45	0.32	-0.59	-0.62		0.32	MRK
XOM	-0.67	-0.47	0.81	0.9	-0.23	-0.19	-0.44	-0.25	0.32		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.9	F
XOM	+ 0.81	UBER
CRM	+ 0.8	T
MSFT	+ 0.73	META
JPM	+ 0.7	CRM
MRK	+ 0.67	UBER

High negative correlations

CRM	- 0.78	UBER
XOM	- 0.67	META
MRK	- 0.62	JPM
MRK	- 0.59	CRM
F	- 0.59	META
T	- 0.58	UBER

EA Series Competition Risk-Adjusted Indicators

There is a big difference between BUXX 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
META	1.36	0.06	0.03	0.21	1.51	(1.56)	3.43	(3.15)	7.43
MSFT	0.92	0.04	0.01	1.07	1.58	(0.87)	2.09	(1.73)	8.14
UBER	1.63	(0.33)	0.00	(26.89)	0.00	0.00	2.67	(5.35)	12.29
F	1.38	(0.08)	0.00	(0.17)	0.00	0.00	2.38	(2.81)	11.21
T	0.97	0.08	0.06	0.24	1.10	(1.04)	1.91	(1.84)	7.96
A	1.21	0.03	0.01	0.09	1.45	(1.33)	2.72	(2.42)	8.06
CRM	1.41	0.17	0.10	0.79	1.45	(1.59)	3.16	(2.88)	14.80
JPM	1.03	0.25	0.17	1.11	1.11	(1.17)	1.92	(1.42)	15.87
MRK	1.00	(0.17)	0.00	(0.68)	0.00	0.00	1.74	(2.17)	5.17
XOM	0.76	(0.15)	0.00	(0.37)	0.00	0.00	1.71	(1.67)	6.06

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