Eaton Vance Correlations

ENX Stock

USD 9.01 0.05 0.56%

The current 90-days correlation between Eaton Vance New and Neuberger Berman IMF is 0.12 (i.e., Average 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 New and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance New 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 New. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving against Eaton Stock

0.43	HRZN	Horizon Technology Earnings Call This Week	Pair Corr
0.36	MAIN	Main Street Capital	Pair Corr
0.32	TPVG	Triplepoint Venture Earnings Call This Week	Pair Corr
0.31	HTGC	Hercules Capital Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NBH	PYN	NUW	VFL	EVM	CEV	EIM	VTN
NBH		0.84	0.38	0.79	0.68	0.71	0.72	0.47	NBH
PYN	0.84		0.34	0.87	0.65	0.66	0.76	0.35	PYN
NUW	0.38	0.34		0.1	0.53	0.69	0.52	0.81	NUW
VFL	0.79	0.87	0.1		0.59	0.53	0.75	0.14	VFL
EVM	0.68	0.65	0.53	0.59		0.76	0.68	0.65	EVM
CEV	0.71	0.66	0.69	0.53	0.76		0.74	0.8	CEV
EIM	0.72	0.76	0.52	0.75	0.68	0.74		0.44	EIM
VTN	0.47	0.35	0.81	0.14	0.65	0.8	0.44		VTN
	NBH	PYN	NUW	VFL	EVM	CEV	EIM	VTN

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NBH	0.40	(0.01)	(0.30)	(0.02)	0.51	(0.45)	0.82	(0.92)	3.19
PYN	0.47	(0.02)	(0.24)	(0.02)	0.62	(0.51)	0.77	(0.76)	4.24
NUW	0.33	0.01	(0.31)	0.24	0.36	(0.37)	0.82	(0.67)	2.31
VFL	0.48	(0.07)	0.00	(0.13)	0.00	0.00	0.91	(1.03)	2.90
EVM	0.47	(0.02)	0.00	0.70	0.00	0.00	1.04	(1.04)	2.74
CEV	0.35	(0.03)	(0.31)	0.05	0.41	(0.39)	0.73	(0.63)	1.89
EIM	0.42	(0.05)	(0.21)	0.04	0.64	(0.46)	0.86	(1.02)	3.21
VTN	0.45	0.05	(0.14)	0.45	0.46	(0.49)	0.89	(0.88)	2.93

Eaton Vance Corporate Management

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

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