Eaton Vance Correlations

EVF Stock

USD 5.61 0.02 0.36%

The current 90-days correlation between Eaton Vance Senior and NXG NextGen Infrastructure is 0.34 (i.e., 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.

Eaton Vance Correlation With Market

Weak diversification

The correlation between Eaton Vance Senior and DJI is 0.35 (i.e., Weak 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.

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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	GS	Goldman Sachs Group	Pair Corr
0.93	AXP	American Express	Pair Corr
0.91	COF	Capital One Financial Earnings Call Today	Pair Corr
0.74	SCM	Stellus Capital Inve	Pair Corr
0.71	GAIN	Gladstone Investment	Pair Corr
0.78	GLAD	Gladstone Capital	Pair Corr
0.72	HTGC	Hercules Capital	Pair Corr
0.68	MAIN	Main Street Capital	Pair Corr
0.8	OPFI	OppFi Inc	Pair Corr
0.82	PFLT	PennantPark Floating Rate	Pair Corr
0.89	PYPL	PayPal Holdings Earnings Call This Week	Pair Corr
0.84	ALLY	Ally Financial	Pair Corr
0.81	ARCC	Ares Capital Earnings Call This Week	Pair Corr
0.77	TPVG	Triplepoint Venture	Pair Corr
0.82	TSLX	Sixth Street Specialty	Pair Corr
0.77	CSWC	Capital Southwest	Pair Corr
0.85	C	Citigroup Aggressive Push	Pair Corr
0.83	L	Loews Corp Earnings Call This Week	Pair Corr
0.83	DHIL	Diamond Hill Investment	Pair Corr
0.85	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.81	AC	Associated Capital	Pair Corr
0.85	AX	Axos Financial Earnings Call This Week	Pair Corr
0.86	BK	Bank of New York	Pair Corr
0.89	BN	Brookfield Corp	Pair Corr
0.75	BX	Blackstone Group	Pair Corr
0.81	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.83	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.87	CM	Canadian Imperial Bank	Pair Corr
0.92	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.74	HG	Hamilton Insurance Group,	Pair Corr
0.81	IX	Orix Corp Ads	Pair Corr

Moving against Eaton Stock

0.32	HRZN	Horizon Technology Earnings Call This Week	Pair Corr
0.31	PSEC	Prospect Capital	Pair Corr
0.61	FG	FG Annuities Life	Pair Corr
0.55	EG	Everest Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EFT	NXG	GNT	CXH	EFR	BGT	FCT	VVR
EFT		0.89	0.79	0.1	0.97	0.92	0.93	0.96	EFT
NXG	0.89		0.84	0.22	0.88	0.9	0.83	0.9	NXG
GNT	0.79	0.84		-0.1	0.69	0.81	0.74	0.86	GNT
CXH	0.1	0.22	-0.1		0.21	0.13	0.07	0.06	CXH
EFR	0.97	0.88	0.69	0.21		0.93	0.91	0.91	EFR
BGT	0.92	0.9	0.81	0.13	0.93		0.89	0.9	BGT
FCT	0.93	0.83	0.74	0.07	0.91	0.89		0.89	FCT
VVR	0.96	0.9	0.86	0.06	0.91	0.9	0.89		VVR
	EFT	NXG	GNT	CXH	EFR	BGT	FCT	VVR

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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

EFR	+ 0.97	EFT
VVR	+ 0.96	EFT
FCT	+ 0.93	EFT
BGT	+ 0.93	EFR
BGT	+ 0.92	EFT
FCT	+ 0.91	EFR

High negative correlations

CXH

- 0.1

GNT

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
EFT	0.44	0.07	(0.05)	0.45	0.63	(0.46)	1.02	(1.00)	3.92
NXG	1.08	0.12	0.05	0.29	1.43	(1.16)	3.08	(1.95)	6.89
GNT	0.80	0.14	(0.01)	(1.06)	0.84	(0.96)	1.73	(1.66)	5.60
CXH	0.32	(0.06)	0.00	(0.21)	0.00	0.00	0.53	(0.93)	1.86
EFR	0.37	0.04	(0.12)	0.31	0.31	(0.46)	0.97	(0.59)	3.42
BGT	0.66	0.13	0.01	1.03	0.68	(0.73)	1.30	(1.40)	3.91
FCT	0.30	0.12	(0.04)	(1.34)	0.16	(0.39)	0.91	(0.41)	2.96
VVR	0.76	0.08	(0.02)	0.42	0.84	(0.87)	1.75	(1.67)	4.80

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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