Eaton Vance Correlations

Stocks . USA . 
Stock . Eaton Vance Floating
EFT Stock  USD 12.24  0.36  2.86%   
The current 90-days correlation between Eaton Vance Floating and Blackrock Floating Rate is 0.43 (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

Weak diversification

The correlation between Eaton Vance Floating and DJI is 0.3 (i.e., Weak 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.
  
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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

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Moving against Eaton Stock

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Related Correlations Analysis

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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.

Eaton Vance Corporate Management

James KirchnerTreasurerProfile
Mark FettingIndependent TrusteeProfile
Scott CFAPortfolio MangProfile
Richard FroioChief Compliance OfficerProfile
Valerie MosleyIndependent TrusteeProfile
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