EA Series Correlations

STXE Etf

28.79 0.26 0.90%

The current 90-days correlation between EA Series Trust and EA Series Trust is 0.58 (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.

EA Series Correlation With Market

Very weak diversification

The correlation between EA Series Trust and DJI is 0.41 (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 STXE Etf

0.69	EMC	Global X Funds	Pair Corr
0.91	DGS	WisdomTree Emerging	Pair Corr
0.99	EMXC	iShares MSCI Emerging	Pair Corr
0.64	GREI	Goldman Sachs Future	Pair Corr
0.63	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.61	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.74	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.71	KO	Coca Cola Sell-off Trend	Pair Corr

Moving against STXE Etf

0.6	DIS	Walt Disney Aggressive Push	Pair Corr
0.5	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.49	PULS	PGIM Ultra Short	Pair Corr
0.34	BUFF	Innovator Laddered	Pair Corr
0.65	BAC	Bank of America Aggressive Push	Pair Corr
0.64	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.55	WMT	Walmart Aggressive Push	Pair Corr
0.54	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.49	T	ATT Inc Aggressive Push	Pair Corr
0.48	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.39	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.39	CSCO	Cisco Systems Aggressive Push	Pair Corr

Related Correlations Analysis

	SHOC	STXV	STXD	STXG	STXK
SHOC		0.48	0.69	0.65	0.46	SHOC
STXV	0.48		0.54	0.92	0.95	STXV
STXD	0.69	0.54		0.57	0.5	STXD
STXG	0.65	0.92	0.57		0.9	STXG
STXK	0.46	0.95	0.5	0.9		STXK
	SHOC	STXV	STXD	STXG	STXK

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EA Series Constituents Risk-Adjusted Indicators

There is a big difference between STXE 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
SHOC	1.51	(0.21)	0.00	(0.02)	0.00	0.00	3.14	(3.80)	11.55
STXV	0.54	0.00	(0.05)	0.12	0.44	(0.63)	1.04	(1.00)	4.75
STXD	0.56	(0.06)	(0.13)	0.04	0.64	(0.59)	1.05	(1.07)	2.92
STXG	0.63	0.01	(0.01)	0.13	0.88	(0.64)	1.30	(1.77)	4.63
STXK	0.85	(0.02)	0.02	0.11	0.75	(1.04)	1.91	(1.50)	6.62

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