Eaton Vance Correlations

EVN Stock

USD 10.69 0.19 1.81%

The current 90-days correlation between Eaton Vance Municipal and Munivest Fund is 0.74 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eaton Vance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eaton Vance Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eaton Vance Correlation With Market

Good diversification

The correlation between Eaton Vance Municipal and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Municipal 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 Municipal. 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

0.61

Orix Corp Ads

Pair Corr

Moving against Eaton Stock

0.67	C	Citigroup Aggressive Push	Pair Corr
0.66	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.65	AX	Axos Financial	Pair Corr
0.63	APO	Apollo Global Management	Pair Corr
0.63	BAM	Brookfield Asset Man	Pair Corr
0.62	CNNE	Cannae Holdings	Pair Corr
0.61	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.61	TROW	T Rowe Price	Pair Corr
0.59	CG	Carlyle Group	Pair Corr
0.59	BEN	Franklin Resources	Pair Corr
0.59	KKR	KKR Co LP Normal Trading	Pair Corr
0.59	AB	AllianceBernstein	Pair Corr
0.58	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.58	ROCL	Roth CH Acquisition	Pair Corr
0.58	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.57	OWL	Blue Owl Capital	Pair Corr
0.57	L	Loews Corp	Pair Corr
0.57	V	Visa Class A	Pair Corr
0.56	ARCC	Ares Capital	Pair Corr
0.51	ARES	Ares Management LP	Pair Corr
0.51	CM	Canadian Imperial Bank Earnings Call This Week	Pair Corr
0.5	MAIN	Main Street Capital	Pair Corr
0.49	BN	Brookfield Corp	Pair Corr
0.48	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.48	AC	Associated Capital	Pair Corr
0.4	DHIL	Diamond Hill Investment	Pair Corr
0.81	LC	LendingClub Corp	Pair Corr
0.74	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.69	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.68	RF	Regions Financial Sell-off Trend	Pair Corr
0.68	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.64	WT	WisdomTree	Pair Corr
0.63	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.62	VALU	Value Line	Pair Corr
0.59	QD	Qudian Inc	Pair Corr
0.56	KB	KB Financial Group	Pair Corr

Related Correlations Analysis

	MVF	MQT	MQY	MHD	MUE	IQI	OIA	KTF	MYD	DTF
MVF		0.86	0.89	0.93	0.65	0.9	0.58	0.38	0.88	0.12	MVF
MQT	0.86		0.81	0.84	0.72	0.83	0.5	0.21	0.74	0.02	MQT
MQY	0.89	0.81		0.95	0.47	0.94	0.75	0.28	0.82	-0.08	MQY
MHD	0.93	0.84	0.95		0.57	0.92	0.65	0.29	0.88	0.01	MHD
MUE	0.65	0.72	0.47	0.57		0.65	0.46	0.54	0.6	0.35	MUE
IQI	0.9	0.83	0.94	0.92	0.65		0.72	0.36	0.83	0.06	IQI
OIA	0.58	0.5	0.75	0.65	0.46	0.72		0.55	0.56	-0.02	OIA
KTF	0.38	0.21	0.28	0.29	0.54	0.36	0.55		0.42	0.54	KTF
MYD	0.88	0.74	0.82	0.88	0.6	0.83	0.56	0.42		0.29	MYD
DTF	0.12	0.02	-0.08	0.01	0.35	0.06	-0.02	0.54	0.29		DTF
	MVF	MQT	MQY	MHD	MUE	IQI	OIA	KTF	MYD	DTF

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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

MHD	+ 0.95	MQY
IQI	+ 0.94	MQY
MHD	+ 0.93	MVF
IQI	+ 0.92	MHD
IQI	+ 0.9	MVF
MQY	+ 0.89	MVF

High negative correlations

DTF	- 0.08	MQY
DTF	- 0.02	OIA

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
MVF	0.51	0.02	(0.13)	(2.00)	0.66	(0.56)	0.95	(1.09)	2.81
MQT	0.45	0.01	(0.14)	0.17	0.58	(0.45)	0.94	(0.92)	2.73
MQY	0.44	0.01	(0.16)	(0.38)	0.60	(0.44)	0.96	(1.07)	2.74
MHD	0.51	0.03	(0.10)	(1.01)	0.75	(0.48)	1.00	(1.14)	3.11
MUE	0.42	0.05	(0.09)	1.15	0.50	(0.45)	0.86	(0.77)	2.53
IQI	0.41	0.03	(0.14)	1.49	0.47	(0.44)	0.80	(0.70)	2.30
OIA	0.62	0.04	(0.07)	0.47	0.67	(0.70)	1.52	(1.32)	3.28
KTF	0.45	0.06	(0.08)	6.53	0.49	(0.54)	1.12	(0.61)	3.40
MYD	0.54	0.03	(0.13)	1.49	0.55	(0.61)	1.15	(1.06)	2.65
DTF	0.23	0.02	(0.33)	(0.22)	0.22	(0.29)	0.54	(0.36)	1.96

Eaton Vance Corporate Management

James Kirchner	Treasurer	Profile
Mark Fetting	Independent Trustee	Profile
Richard Froio	Chief Compliance Officer	Profile
KEITH QUINTON	Independent Trustee	Profile
Valerie Mosley	Independent Trustee	Profile

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