EA Series Correlations

Etfs . USA . 
Etf . EA Series Trust
STRV Etf  USD 39.08  0.20  0.51%   
The current 90-days correlation between EA Series Trust and EA Series Trust is 0.29 (i.e., Modest 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

Weak diversification

The correlation between EA Series Trust and DJI is 0.36 (i.e., 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 metropolitan statistical area.

Moving together with STRV Etf

  0.99VTI Vanguard Total StockPairCorr
  0.72SPY SPDR SP 500PairCorr
  1.0IVV iShares Core SPPairCorr
  0.74VV Vanguard Large CapPairCorr
  0.61RSP Invesco SP 500PairCorr
  0.89IWB iShares Russell 1000PairCorr
  0.88ESGU iShares ESG AwarePairCorr
  0.81DFAC Dimensional Core EquityPairCorr
  0.88SPLG SPDR Portfolio SPPairCorr
  0.65UPRO ProShares UltraPro SP500PairCorr
  0.78QTOC Innovator ETFs TrustPairCorr
  0.87XTOC Innovator ETFs TrustPairCorr
  0.84QTAP Innovator Growth 100PairCorr
  0.87XTAP Innovator Equity AccPairCorr
  0.74IBM International Business Tech BoostPairCorr
  0.67T ATT IncPairCorr
  0.67DIS Walt DisneyPairCorr
  0.8CSCO Cisco Systems Earnings Call This WeekPairCorr
  0.74JPM JPMorgan ChasePairCorr
  0.67MSFT MicrosoftPairCorr

Moving against STRV Etf

  0.36JNJ Johnson JohnsonPairCorr
  0.33KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr

Related Correlations Analysis

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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   
STXV
+ 0.87
DRLL
STXG
+ 0.44
STXD
STXG
+ 0.34
SHOC
STXV
+ 0.34
STXD
STXD
+ 0.23
DRLL
STXD
+ 0.08
SHOC
  
High negative correlations   
STXV
- 0.22
SHOC
SHOC
- 0.11
DRLL
STXG
- 0.09
DRLL
STXV
- 0.05
STXG

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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