EA Series Correlations

ECML Etf

35.74 0.35 0.99%

The current 90-days correlation between EA Series Trust and Freedom Day Dividend is 0.84 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EA Series moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EA Series Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

EA Series Correlation With Market

Poor diversification

The correlation between EA Series Trust and DJI is 0.77 (i.e., 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 Investing Opportunities 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 population.

Moving together with ECML Etf

0.93	VBR	Vanguard Small Cap	Pair Corr
0.92	IWN	iShares Russell 2000	Pair Corr
0.94	DFAT	Dimensional Targeted	Pair Corr
0.91	IJS	iShares SP Small	Pair Corr
0.91	SLYV	SPDR SP 600	Pair Corr
0.94	AVUV	Avantis Small Cap	Pair Corr
0.92	DES	WisdomTree SmallCap	Pair Corr
0.95	CALF	Pacer Small Cap Low Volatility	Pair Corr
0.91	VIOV	Vanguard SP Small	Pair Corr
0.92	VRTVX	Vanguard Scottsdale Funds	Pair Corr
0.86	UPRO	ProShares UltraPro SP500	Pair Corr
0.77	QTJA	Innovator ETFs Trust	Pair Corr
0.72	QTOC	Innovator ETFs Trust	Pair Corr
0.73	XTOC	Innovator ETFs Trust	Pair Corr
0.81	QTAP	Innovator Growth 100	Pair Corr
0.63	TSJA	TSJA	Pair Corr
0.76	XTJA	Innovator ETFs Trust	Pair Corr
0.62	DSJA	DSJA	Pair Corr
0.77	XDJA	Innovator ETFs Trust	Pair Corr
0.82	XTAP	Innovator Equity Acc	Pair Corr
0.83	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.64	WMT	Walmart Aggressive Push	Pair Corr
0.74	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.67	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.72	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.72	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.71	DIS	Walt Disney	Pair Corr
0.73	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against ECML Etf

0.7	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.57	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.56	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	MBOX	DINT	MCHI	DIVS	DIVZ	FM	PY	VT	XC
MBOX		0.42	0.38	0.38	0.74	0.44	0.82	0.82	0.08	MBOX
DINT	0.42		0.98	0.61	0.63	0.24	0.69	0.8	0.11	DINT
MCHI	0.38	0.98		0.57	0.54	0.22	0.62	0.73	0.12	MCHI
DIVS	0.38	0.61	0.57		0.34	-0.12	0.36	0.62	0.74	DIVS
DIVZ	0.74	0.63	0.54	0.34		0.4	0.96	0.85	-0.22	DIVZ
FM	0.44	0.24	0.22	-0.12	0.4		0.47	0.44	-0.2	FM
PY	0.82	0.69	0.62	0.36	0.96	0.47		0.92	-0.2	PY
VT	0.82	0.8	0.73	0.62	0.85	0.44	0.92		0.15	VT
XC	0.08	0.11	0.12	0.74	-0.22	-0.2	-0.2	0.15		XC
	MBOX	DINT	MCHI	DIVS	DIVZ	FM	PY	VT	XC

Click cells to compare fundamentals

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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

MCHI	+ 0.98	DINT
PY	+ 0.96	DIVZ
VT	+ 0.92	PY
VT	+ 0.85	DIVZ
PY	+ 0.82	MBOX
VT	+ 0.82	MBOX

High negative correlations

XC	- 0.22	DIVZ
XC	- 0.2	PY
XC	- 0.2	FM
FM	- 0.12	DIVS

EA Series Constituents Risk-Adjusted Indicators

There is a big difference between ECML 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
MBOX	0.61	(0.04)	(0.07)	0.08	0.61	(0.73)	1.51	(1.29)	3.59
DINT	1.25	0.12	0.03	0.35	1.70	(1.27)	3.13	(2.15)	10.90
MCHI	1.94	0.16	0.02	0.87	2.58	(2.12)	5.40	(3.25)	19.77
DIVS	0.48	(0.05)	(0.17)	0.02	0.57	(0.51)	1.07	(1.10)	2.41
DIVZ	0.47	0.03	(0.03)	0.18	0.23	(0.59)	1.12	(0.68)	2.35
FM	0.15	0.00	(0.57)	0.13	0.18	(0.16)	0.29	(0.32)	0.80
PY	0.56	0.02	0.01	0.14	0.40	(0.67)	1.20	(0.96)	3.91
VT	0.56	(0.03)	(0.08)	0.08	0.65	(0.61)	1.24	(1.03)	3.42
XC	0.70	(0.10)	0.00	(0.08)	0.00	0.00	1.69	(1.25)	4.20

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