EA Series Correlations

TBG Etf

33.17 0.12 0.36%

The current 90-days correlation between EA Series Trust and Franklin Templeton ETF is 0.07 (i.e., Significant 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 0.44 (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 bureau of labor statistics.

Moving together with TBG Etf

0.88	VTV	Vanguard Value Index	Pair Corr
0.89	VYM	Vanguard High Dividend	Pair Corr
0.9	IWD	iShares Russell 1000	Pair Corr
0.85	DGRO	iShares Core Dividend	Pair Corr
0.79	IVE	iShares SP 500	Pair Corr
0.89	DVY	iShares Select Dividend	Pair Corr
0.79	SPYV	SPDR Portfolio SP	Pair Corr
0.71	FVD	First Trust Value	Pair Corr
0.81	IUSV	iShares Core SP	Pair Corr
0.7	NOBL	ProShares SP 500	Pair Corr
0.66	UPRO	ProShares UltraPro SP500	Pair Corr
0.76	QQEW	First Trust NASDAQ	Pair Corr
0.63	JPM	JPMorgan Chase	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.61	T	ATT Inc Earnings Call This Week	Pair Corr
0.89	HD	Home Depot	Pair Corr
0.7	TRV	The Travelers Companies	Pair Corr
0.61	VZ	Verizon Communications	Pair Corr
0.79	BAC	Bank of America	Pair Corr

Moving against TBG Etf

0.45

PFE

Pfizer Inc Earnings Call This Week

Pair Corr

Related Correlations Analysis

	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	DIVY	MDPL
DIEM		0.54	0.28	0.56	0.27	0.03	0.34	0.28	0.37	DIEM
DIVD	0.54		0.8	0.79	0.84	0.55	0.88	0.75	0.72	DIVD
DIVG	0.28	0.8		0.43	0.97	0.73	0.98	0.9	0.95	DIVG
DIVI	0.56	0.79	0.43		0.51	0.39	0.53	0.51	0.36	DIVI
DIVL	0.27	0.84	0.97	0.51		0.82	0.97	0.91	0.89	DIVL
DIVO	0.03	0.55	0.73	0.39	0.82		0.68	0.78	0.62	DIVO
DIVP	0.34	0.88	0.98	0.53	0.97	0.68		0.89	0.93	DIVP
DIVY	0.28	0.75	0.9	0.51	0.91	0.78	0.89		0.86	DIVY
MDPL	0.37	0.72	0.95	0.36	0.89	0.62	0.93	0.86		MDPL
	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	DIVY	MDPL

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EA Series Constituents Risk-Adjusted Indicators

There is a big difference between TBG 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
DIEM	0.63	(0.04)	0.00	(0.45)	0.00	0.00	1.34	(1.81)	5.07
DIVD	0.52	(0.01)	(0.11)	(0.08)	0.67	(0.56)	0.89	(0.98)	3.36
DIVG	0.58	(0.02)	(0.10)	(0.09)	0.75	(0.57)	1.12	(1.12)	4.36
DIVI	0.58	(0.02)	(0.08)	(0.01)	0.81	(0.63)	1.34	(1.46)	3.80
DIVL	0.56	0.00	(0.08)	0.09	0.71	(0.59)	1.13	(0.89)	4.68
DIVO	0.47	0.06	0.00	1.89	0.46	(0.56)	0.92	(0.60)	4.85
DIVP	0.53	(0.04)	0.00	(0.41)	0.00	0.00	0.89	(0.99)	3.98
DIVY	0.59	(0.02)	(0.09)	0.01	0.72	(0.64)	1.18	(1.07)	5.22
MDPL	0.59	(0.05)	0.00	(0.15)	0.00	0.00	1.09	(1.07)	4.90

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