Eaton Vance Correlations

EVM Stock

USD 9.41 0.08 0.86%

The current 90-days correlation between Eaton Vance California and Pimco California Municipal is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eaton Vance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eaton Vance California moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eaton Vance Correlation With Market

Modest diversification

The correlation between Eaton Vance California and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance California 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 California. 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

0.69	V	Visa Class A	Pair Corr
0.7	GDST	Goldenstone Acquisition	Pair Corr
0.64	OPFI	OppFi Inc Buyout Trend	Pair Corr
0.64	SNFCA	Security National Earnings Call This Week	Pair Corr
0.69	BBDC	Barings BDC	Pair Corr
0.73	COOP	Mr Cooper Group	Pair Corr
0.76	BK	Bank of New York	Pair Corr

Moving against Eaton Stock

0.44	ORGN	Origin Materials	Pair Corr
0.38	WD	Walker Dunlop	Pair Corr
0.56	CODI	Compass Diversified	Pair Corr
0.49	BITF	Bitfarms Buyout Trend	Pair Corr
0.45	DHIL	Diamond Hill Investment	Pair Corr
0.4	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.49	LC	LendingClub Corp	Pair Corr
0.31	CM	Canadian Imperial Bank	Pair Corr

Related Correlations Analysis

	PCK	PCQ	NKX	VCV	BFZ	MQY	MUI	MVF	JSD
PCK		0.85	0.72	0.59	0.43	0.68	-0.57	0.73	0.0	PCK
PCQ	0.85		0.56	0.42	0.67	0.82	-0.46	0.65	0.0	PCQ
NKX	0.72	0.56		0.45	0.35	0.65	-0.54	0.68	0.0	NKX
VCV	0.59	0.42	0.45		0.13	0.2	-0.14	0.75	0.0	VCV
BFZ	0.43	0.67	0.35	0.13		0.76	-0.12	0.5	0.0	BFZ
MQY	0.68	0.82	0.65	0.2	0.76		-0.58	0.67	0.0	MQY
MUI	-0.57	-0.46	-0.54	-0.14	-0.12	-0.58		-0.47	0.0	MUI
MVF	0.73	0.65	0.68	0.75	0.5	0.67	-0.47		0.0	MVF
JSD	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		JSD
	PCK	PCQ	NKX	VCV	BFZ	MQY	MUI	MVF	JSD

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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

PCQ	+ 0.85	PCK
MQY	+ 0.82	PCQ
MQY	+ 0.76	BFZ
MVF	+ 0.75	VCV
MVF	+ 0.73	PCK
NKX	+ 0.72	PCK

High negative correlations

MUI	- 0.58	MQY
MUI	- 0.57	PCK
MUI	- 0.54	NKX
MVF	- 0.47	MUI
MUI	- 0.46	PCQ
MUI	- 0.14	VCV

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
PCK	0.55	0.01	0.00	(0.04)	0.00	0.00	1.24	(1.04)	3.33
PCQ	0.52	(0.05)	0.00	(0.28)	0.00	0.00	0.99	(1.29)	3.02
NKX	0.64	0.02	0.08	0.05	0.89	(0.67)	1.45	(1.34)	4.07
VCV	0.57	0.06	0.14	0.37	0.72	(0.61)	1.52	(1.18)	4.27
BFZ	0.44	(0.05)	0.00	(0.31)	0.00	0.00	0.98	(0.90)	4.57
MQY	0.52	(0.06)	0.00	(0.30)	0.00	0.00	1.04	(1.18)	2.85
MUI	0.46	(0.03)	0.00	(0.30)	0.00	0.00	0.73	(1.40)	3.95
MVF	0.49	0.01	0.10	0.01	0.63	(0.54)	1.12	(0.99)	3.98
JSD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Eaton Vance Corporate Management

James Kirchner	Treasurer	Profile
Richard Froio	Chief Compliance Officer	Profile
Valerie Mosley	Independent Trustee	Profile
Payson CFA	Chief VP	Profile

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