EA Series Correlations

STXD Etf

33.84 0.12 0.36%

The current 90-days correlation between EA Series Trust and EA Series Trust is 0.69 (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

Significant diversification

The correlation between EA Series Trust and DJI is 0.02 (i.e., Significant 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 STXD Etf

0.63	VTI	Vanguard Total Stock	Pair Corr
0.61	SPY	SPDR SP 500	Pair Corr
0.71	IVV	iShares Core SP	Pair Corr
0.79	VIG	Vanguard Dividend	Pair Corr
0.68	VV	Vanguard Large Cap	Pair Corr
0.86	RSP	Invesco SP 500	Pair Corr
0.7	IWB	iShares Russell 1000	Pair Corr
0.83	DFAC	Dimensional Core Equity	Pair Corr
0.71	SPLG	SPDR Portfolio SP	Pair Corr
0.81	UPRO	ProShares UltraPro SP500	Pair Corr
0.63	CAT	Caterpillar Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	STXV	STXG	STXK	SHOC	STRV
STXV		0.18	0.86	-0.12	0.49	STXV
STXG	0.18		0.51	0.22	0.82	STXG
STXK	0.86	0.51		-0.04	0.68	STXK
SHOC	-0.12	0.22	-0.04		0.28	SHOC
STRV	0.49	0.82	0.68	0.28		STRV
	STXV	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

STXK	+ 0.86	STXV
STRV	+ 0.82	STXG
STRV	+ 0.68	STXK
STXK	+ 0.51	STXG
STRV	+ 0.49	STXV
STRV	+ 0.28	SHOC

High negative correlations

SHOC	- 0.12	STXV
SHOC	- 0.04	STXK

EA Series Constituents Risk-Adjusted Indicators

There is a big difference between STXD 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
STXV	0.67	0.01	(0.06)	0.15	0.79	(0.73)	1.28	(1.23)	5.62
STXG	0.77	0.10	0.02	(3.93)	1.02	(0.80)	1.50	(1.78)	5.82
STXK	0.85	0.06	0.00	0.64	1.04	(0.93)	1.76	(1.46)	9.31
SHOC	1.56	(0.06)	0.00	(0.12)	0.00	0.00	2.84	(3.62)	9.98
STRV	0.62	0.04	0.00	0.18	0.89	(0.60)	1.22	(1.45)	5.68

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