Eaton Vance Correlations

EFT Stock

USD 13.44 0.04 0.30%

The current 90-days correlation between Eaton Vance Floating and Calamos Global Dynamic is 0.49 (i.e., Very weak diversification). The correlation of Eaton Vance 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.

Eaton Vance Correlation With Market

Average diversification

The correlation between Eaton Vance Floating and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Floating and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Floating. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Eaton Stock

0.84	V	Visa Class A	Pair Corr
0.89	DIST	Distoken Acquisition	Pair Corr
0.77	MA	Mastercard	Pair Corr
0.74	DYCQ	DT Cloud Acquisition	Pair Corr
0.7	ROCLW	Roth CH Acquisition	Pair Corr
0.89	EMCG	Embrace Change Acqui	Pair Corr
0.79	ESHA	ESH Acquisition Corp	Pair Corr
0.69	EVGR	Evergreen Corp	Pair Corr
0.63	ANSCW	Agriculture Natural	Pair Corr
0.72	WTMA	Welsbach Technology	Pair Corr
0.75	WAVSU	Western Acquisition	Pair Corr
0.78	FDUS	Fidus Investment Corp	Pair Corr

Moving against Eaton Stock

0.48	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.47	RC	Ready Capital Corp	Pair Corr
0.42	EARN	Ellington Residential	Pair Corr
0.41	PFTAW	Portage Fintech Acqu	Pair Corr
0.37	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.31	BRACU	Broad Capital Acquisition	Pair Corr
0.8	BRKHU	BurTech Acquisition Corp	Pair Corr
0.4	BRKHW	BurTech Acquisition Corp	Pair Corr
0.39	ROCLU	Roth CH Acquisition	Pair Corr
0.32	GDSTW	Goldenstone Acquisition	Pair Corr
0.83	TWO	Two Harbors Investments	Pair Corr
0.82	TGAAU	Target Global Acquisition	Pair Corr

Related Correlations Analysis

	CBH	NXG	GNT	CXH	CHW	CGO	DTF	GGZ	ETW
CBH		0.93	0.14	0.04	0.47	0.46	0.43	0.83	0.74	CBH
NXG	0.93		0.15	0.16	0.49	0.42	0.5	0.88	0.72	NXG
GNT	0.14	0.15		0.29	0.71	0.59	-0.14	0.32	0.55	GNT
CXH	0.04	0.16	0.29		0.21	0.16	0.44	0.12	0.27	CXH
CHW	0.47	0.49	0.71	0.21		0.83	0.09	0.64	0.84	CHW
CGO	0.46	0.42	0.59	0.16	0.83		0.05	0.43	0.66	CGO
DTF	0.43	0.5	-0.14	0.44	0.09	0.05		0.38	0.31	DTF
GGZ	0.83	0.88	0.32	0.12	0.64	0.43	0.38		0.84	GGZ
ETW	0.74	0.72	0.55	0.27	0.84	0.66	0.31	0.84		ETW
	CBH	NXG	GNT	CXH	CHW	CGO	DTF	GGZ	ETW

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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

NXG	+ 0.93	CBH
GGZ	+ 0.88	NXG
ETW	+ 0.84	CHW
ETW	+ 0.84	GGZ
GGZ	+ 0.83	CBH
CGO	+ 0.83	CHW

High negative correlations

DTF

- 0.14

GNT

Risk-Adjusted Indicators

There is a big difference between Eaton Stock performing well and Eaton Vance Company 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 Eaton Vance's 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
CBH	0.13	0.04	(0.38)	2.76	0.00	(0.18)	0.22	(0.22)	0.78
NXG	0.79	0.37	0.34	0.80	0.00	(0.90)	2.57	(0.94)	5.18
GNT	0.83	0.00	(0.06)	0.12	0.93	(1.03)	1.71	(1.98)	5.15
CXH	0.34	0.05	(0.17)	(0.19)	0.40	(0.38)	0.86	(0.74)	2.10
CHW	0.65	(0.06)	(0.09)	0.03	0.93	(0.63)	1.43	(1.58)	3.70
CGO	0.87	0.04	(0.05)	0.54	1.26	(0.91)	1.96	(2.48)	5.91
DTF	0.23	0.01	(0.35)	(0.09)	0.23	(0.28)	0.54	(0.36)	1.96
GGZ	0.60	0.03	0.00	0.15	0.62	(0.68)	1.20	(1.26)	4.71
ETW	0.56	(0.01)	(0.08)	0.09	0.68	(0.57)	1.19	(1.18)	3.31

Eaton Vance Corporate Management

James Kirchner	Treasurer	Profile
Mark Fetting	Independent Trustee	Profile
Scott CFA	Portfolio Mang	Profile
Richard Froio	Chief Compliance Officer	Profile
Valerie Mosley	Independent Trustee	Profile

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