EA Series Correlations

MDLV Etf

27.27 0.11 0.40%

The current 90-days correlation between EA Series Trust and MicroAlgo is -0.03 (i.e., Good 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

Poor diversification

The correlation between EA Series Trust and DJI is 0.68 (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 Correlation Analysis 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 economic analysis.

Moving together with MDLV Etf

0.92	BND	Vanguard Total Bond	Pair Corr
0.94	VTV	Vanguard Value Index	Pair Corr
0.89	VO	Vanguard Mid Cap	Pair Corr
0.68	VEA	Vanguard FTSE Developed	Pair Corr
0.73	VB	Vanguard Small Cap	Pair Corr
0.9	NAIL	Direxion Daily Homeb	Pair Corr
0.92	DFEN	Direxion Daily Aerospace	Pair Corr
0.86	CSCO	Cisco Systems	Pair Corr
0.91	T	ATT Inc Aggressive Push	Pair Corr
0.96	MCD	McDonalds Sell-off Trend	Pair Corr
0.97	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.9	HD	Home Depot	Pair Corr
0.73	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.87	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.79	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.9	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.81	PG	Procter Gamble	Pair Corr
0.93	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.94	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Moving against MDLV Etf

0.53	BULZ	MicroSectors Solactive	Pair Corr
0.52	USD	ProShares Ultra Semi	Pair Corr
0.52	FNGU	MicroSectors FANG Index	Pair Corr
0.45	DAPP	VanEck Digital Trans	Pair Corr
0.44	BITS	Global X Blockchain	Pair Corr
0.54	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	MLGO	LIDR	MLGF	KNF	ORLY	SEIC	VENZF	KOP	KOF	MCVT
MLGO		0.79	-0.1	-0.49	-0.79	-0.39	-0.05	-0.2	-0.64	0.15	MLGO
LIDR	0.79		-0.35	-0.45	-0.86	-0.19	-0.39	0.09	-0.45	0.2	LIDR
MLGF	-0.1	-0.35		0.75	0.27	0.54	0.59	-0.13	0.35	0.12	MLGF
KNF	-0.49	-0.45	0.75		0.46	0.81	0.49	0.17	0.67	0.18	KNF
ORLY	-0.79	-0.86	0.27	0.46		0.35	0.2	0.13	0.53	-0.2	ORLY
SEIC	-0.39	-0.19	0.54	0.81	0.35		0.26	0.44	0.6	0.1	SEIC
VENZF	-0.05	-0.39	0.59	0.49	0.2	0.26		-0.25	-0.05	0.33	VENZF
KOP	-0.2	0.09	-0.13	0.17	0.13	0.44	-0.25		0.29	0.1	KOP
KOF	-0.64	-0.45	0.35	0.67	0.53	0.6	-0.05	0.29		-0.15	KOF
MCVT	0.15	0.2	0.12	0.18	-0.2	0.1	0.33	0.1	-0.15		MCVT
	MLGO	LIDR	MLGF	KNF	ORLY	SEIC	VENZF	KOP	KOF	MCVT

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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

SEIC	+ 0.81	KNF
LIDR	+ 0.79	MLGO
KNF	+ 0.75	MLGF
KOF	+ 0.67	KNF
KOF	+ 0.6	SEIC
VENZF	+ 0.59	MLGF

High negative correlations

ORLY	- 0.86	LIDR
ORLY	- 0.79	MLGO
KOF	- 0.64	MLGO
KNF	- 0.49	MLGO
KOF	- 0.45	LIDR
KNF	- 0.45	LIDR

EA Series Constituents Risk-Adjusted Indicators

There is a big difference between MDLV 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
MLGO	8.19	(4.75)	0.00	2.58	0.00	0.00	12.24	(17.81)	36.02
LIDR	3.60	(0.99)	0.00	(0.36)	0.00	0.00	8.20	(8.40)	28.97
MLGF	0.48	0.00	(0.12)	0.09	0.52	(0.90)	1.13	(1.12)	3.32
KNF	1.77	0.21	0.11	0.22	2.23	(1.87)	4.32	(4.04)	12.04
ORLY	0.80	0.16	0.07	0.68	0.91	(0.82)	1.59	(1.55)	6.79
SEIC	0.96	(0.02)	0.00	0.09	1.29	(1.00)	2.13	(2.56)	6.12
VENZF	2.32	0.24	0.00	(1.04)	0.00	0.00	6.25	0.00	63.64
KOP	1.54	(0.18)	(0.05)	0.00	2.30	(1.50)	3.46	(4.20)	10.32
KOF	1.56	0.04	0.02	0.15	1.68	(1.65)	2.97	(2.37)	9.51
MCVT	3.20	(0.32)	0.00	(0.19)	0.00	0.00	9.77	(9.27)	26.98

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