Eaton Vance Correlations

ENX Stock

USD 9.89 0.01 0.10%

The current 90-days correlation between Eaton Vance New and Visa Class A is 0.14 (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

Modest diversification

The correlation between Eaton Vance New and DJI is 0.26 (i.e., Modest 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.

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 together with Eaton Stock

0.71	RC	Ready Capital Corp	Pair Corr
0.61	BRKHU	BurTech Acquisition Corp	Pair Corr

Moving against Eaton Stock

0.64	TETEU	Technology Telecommunicatio	Pair Corr
0.51	DYCQ	DT Cloud Acquisition	Pair Corr
0.38	MA	Mastercard	Pair Corr
0.68	WAVS	Western Acquisition	Pair Corr
0.62	WAVSU	Western Acquisition	Pair Corr
0.58	ESHA	ESH Acquisition Corp	Pair Corr
0.55	EVGR	Evergreen Corp	Pair Corr
0.48	ANSCW	Agriculture Natural	Pair Corr
0.44	DISTR	Distoken Acquisition	Pair Corr
0.42	EMCG	Embrace Change Acqui	Pair Corr
0.33	ROCLU	Roth CH Acquisition	Pair Corr
0.55	SCM	Stellus Capital Inve	Pair Corr
0.43	FRHC	Freedom Holding Corp	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AC	BN	BX	CG	DB	DX
V		0.78	0.88	0.55	0.74	0.87	0.68	-0.15	0.48	V
DHIL	0.78		0.75	0.47	0.75	0.76	0.59	-0.02	0.54	DHIL
DIST	0.88	0.75		0.63	0.84	0.89	0.76	0.02	0.39	DIST
AC	0.55	0.47	0.63		0.83	0.78	0.92	0.54	0.23	AC
BN	0.74	0.75	0.84	0.83		0.92	0.93	0.36	0.44	BN
BX	0.87	0.76	0.89	0.78	0.92		0.9	0.15	0.52	BX
CG	0.68	0.59	0.76	0.92	0.93	0.9		0.46	0.3	CG
DB	-0.15	-0.02	0.02	0.54	0.36	0.15	0.46		-0.12	DB
DX	0.48	0.54	0.39	0.23	0.44	0.52	0.3	-0.12		DX
	V	DHIL	DIST	AC	BN	BX	CG	DB	DX

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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

CG	+ 0.93	BN
CG	+ 0.92	AC
BX	+ 0.92	BN
CG	+ 0.9	BX
BX	+ 0.89	DIST
DIST	+ 0.88	V

High negative correlations

DB	- 0.15	V
DX	- 0.12	DB
DB	- 0.02	DHIL

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
V	0.83	0.14	0.09	0.31	1.05	(0.95)	2.23	(1.30)	7.73
DHIL	1.23	(0.12)	(0.05)	0.05	1.19	(1.58)	2.22	(2.05)	9.06
DIST	0.18	0.06	(0.12)	1.18	0.00	(0.37)	0.37	(0.18)	2.25
AC	1.19	0.13	0.05	0.29	1.65	(1.26)	3.02	(2.64)	12.11
BN	1.23	0.15	0.14	0.23	1.17	(1.42)	2.45	(1.92)	6.44
BX	1.31	0.30	0.25	0.34	0.94	(1.52)	3.21	(2.21)	9.25
CG	1.58	0.19	0.19	0.22	1.36	(1.87)	4.10	(2.22)	13.11
DB	1.37	(0.02)	(0.03)	0.10	1.73	(1.45)	3.08	(2.93)	8.64
DX	0.75	(0.01)	(0.08)	0.11	1.04	(0.72)	1.38	(1.47)	4.37

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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