Eaton Vance Correlations

EOT Stock

USD 16.25 0.06 0.37%

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

Very weak diversification

The correlation between Eaton Vance National and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance National 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 National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Eaton Stock

0.7	DX	Dynex Capital	Pair Corr
0.7	ACR	Acres Commercial Realty	Pair Corr
0.65	EFC	Ellington Financial	Pair Corr
0.81	REFI	Chicago Atlantic Real	Pair Corr
0.74	CHMI	Cherry Hill Mortgage	Pair Corr
0.61	BY	Byline Bancorp Normal Trading	Pair Corr

Related Correlations Analysis

	CBH	IHTA	MHN	NXC	CXH	FMN	IHIT	JHAA
CBH		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CBH
IHTA	0.0		0.0	0.0	0.0	0.0	0.0	0.0	IHTA
MHN	0.0	0.0		0.82	0.85	0.8	0.0	0.0	MHN
NXC	0.0	0.0	0.82		0.7	0.88	0.0	0.0	NXC
CXH	0.0	0.0	0.85	0.7		0.66	0.0	0.0	CXH
FMN	0.0	0.0	0.8	0.88	0.66		0.0	0.0	FMN
IHIT	0.0	0.0	0.0	0.0	0.0	0.0		0.0	IHIT
JHAA	0.0	0.0	0.0	0.0	0.0	0.0	0.0		JHAA
	CBH	IHTA	MHN	NXC	CXH	FMN	IHIT	JHAA

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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	+ 0.88	NXC
CXH	+ 0.85	MHN
NXC	+ 0.82	MHN
FMN	+ 0.8	MHN
CXH	+ 0.7	NXC
FMN	+ 0.66	CXH

High negative correlations

JHAA	- 0.0	IHIT
JHAA	- 0.0	FMN
IHIT	- 0.0	FMN
JHAA	- 0.0	CXH
IHIT	- 0.0	CXH
JHAA	- 0.0	NXC

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CBH	0.00	0.00	0.00	0.00	0.00	0.00
IHTA	0.00	0.00	0.00	0.00	0.00	0.00
MHN	0.66	(0.09)	(0.24)	1.15	(1.80)	4.45
NXC	0.52	(0.03)	(0.17)	1.09	(1.33)	2.77
CXH	0.41	(0.08)	(0.98)	0.53	(0.92)	3.18
FMN	0.50	(0.04)	(0.26)	0.88	(0.97)	2.62
IHIT	0.00	0.00	0.00	0.00	0.00	0.00
JHAA	0.00	0.00	0.00	0.00	0.00	0.00

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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