Eaton Vance Correlations

EVF Stock

USD 5.85 0.02 0.34%

The current 90-days correlation between Eaton Vance Senior and MFS Investment Grade is 0.07 (i.e., Significant 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.

Eaton Vance Correlation With Market

Modest diversification

The correlation between Eaton Vance Senior and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Senior 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 Senior. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Eaton Stock

0.87	MC	Moelis	Pair Corr
0.9	MS	Morgan Stanley	Pair Corr
0.89	AXP	American Express Sell-off Trend	Pair Corr
0.69	CIM	Chimera Investment	Pair Corr
0.89	COF	Capital One Financial	Pair Corr
0.66	OPFI	OppFi Inc	Pair Corr
0.79	ALLY	Ally Financial Normal Trading	Pair Corr
0.71	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.68	UPST	Upstart Holdings Buyout Trend	Pair Corr
0.81	C	Citigroup Aggressive Push	Pair Corr
0.86	BN	Brookfield Corp	Pair Corr
0.65	BX	Blackstone Group Normal Trading	Pair Corr
0.74	BY	Byline Bancorp	Pair Corr
0.81	CG	Carlyle Group Normal Trading	Pair Corr
0.66	CM	Canadian Imperial Bank	Pair Corr
0.72	FG	FG Annuities Life	Pair Corr
0.87	GS	Goldman Sachs Group	Pair Corr

Moving against Eaton Stock

0.75	CB	Chubb	Pair Corr
0.64	FORLU	Four Leaf Acquisition	Pair Corr
0.49	VEL	Velocity Financial Llc	Pair Corr
0.84	TW	Tradeweb Markets Normal Trading	Pair Corr
0.64	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.53	VBFC	Village Bank	Pair Corr
0.52	WU	Western Union	Pair Corr
0.5	LU	Lufax Holding	Pair Corr
0.47	DB	Deutsche Bank AG	Pair Corr
0.42	EG	Everest Group	Pair Corr
0.32	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	CXH	IHTA	EOT	NXC	FMN	FRA	CPZ	ETB	JPT	CBH
CXH		0.0	0.81	0.57	0.76	-0.34	0.39	-0.19	0.0	0.0	CXH
IHTA	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IHTA
EOT	0.81	0.0		0.61	0.91	-0.2	0.26	-0.04	0.0	0.0	EOT
NXC	0.57	0.0	0.61		0.71	-0.29	0.38	0.06	0.0	0.0	NXC
FMN	0.76	0.0	0.91	0.71		-0.3	0.28	0.18	0.0	0.0	FMN
FRA	-0.34	0.0	-0.2	-0.29	-0.3		-0.85	0.19	0.0	0.0	FRA
CPZ	0.39	0.0	0.26	0.38	0.28	-0.85		-0.41	0.0	0.0	CPZ
ETB	-0.19	0.0	-0.04	0.06	0.18	0.19	-0.41		0.0	0.0	ETB
JPT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	JPT
CBH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CBH
	CXH	IHTA	EOT	NXC	FMN	FRA	CPZ	ETB	JPT	CBH

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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

FMN	+ 0.91	EOT
EOT	+ 0.81	CXH
FMN	+ 0.76	CXH
FMN	+ 0.71	NXC
NXC	+ 0.61	EOT
NXC	+ 0.57	CXH

High negative correlations

CPZ	- 0.85	FRA
ETB	- 0.41	CPZ
FRA	- 0.34	CXH
FRA	- 0.3	FMN
FRA	- 0.29	NXC
FRA	- 0.2	EOT

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
CXH	0.42	(0.05)	0.00	0.82	0.00	0.00	0.76	(1.01)	2.37
IHTA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EOT	0.47	(0.03)	0.00	(0.20)	0.00	0.00	1.01	(1.28)	2.87
NXC	0.36	0.01	0.13	(0.02)	0.43	(0.38)	0.78	(0.68)	1.98
FMN	0.44	(0.03)	0.00	(0.23)	0.00	0.00	0.81	(0.99)	3.00
FRA	0.48	(0.12)	0.00	(0.74)	0.00	0.00	1.02	(1.22)	3.05
CPZ	0.56	0.09	0.25	(78.48)	0.46	(0.69)	1.13	(1.03)	3.45
ETB	0.64	(0.12)	0.00	0.60	0.00	0.00	1.01	(1.49)	3.93
JPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Eaton Vance Corporate Management

Mark Fetting	Independent Trustee	Profile
Kristin Anagnost	Assistant Treasurer	Profile
CFA CFA	Pres CEO	Profile
Jennifer Flynn	Assistant Treasurer	Profile
Richard Froio	Chief Compliance Officer	Profile
Valerie Mosley	Independent Trustee	Profile

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