Eaton Vance Correlations

EVN Stock

USD 10.24 0.06 0.59%

The current 90-days correlation between Eaton Vance Municipal and Munivest Fund is 0.22 (i.e., Modest 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

Average diversification

The correlation between Eaton Vance Municipal and DJI is 0.13 (i.e., Average 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

0.71	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.84	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.75	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.8	TRV	The Travelers Companies	Pair Corr

Moving against Eaton Stock

0.64	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.46	PPYA	Papaya Growth Opportunity	Pair Corr

Related Correlations Analysis

	MVF	MQT	MQY	MHD	MUE	IQI	OIA	KTF	MYD	DTF
MVF		0.89	0.85	0.93	0.81	0.93	0.59	0.89	0.89	0.53	MVF
MQT	0.89		0.97	0.95	0.88	0.91	0.7	0.93	0.96	0.47	MQT
MQY	0.85	0.97		0.92	0.8	0.86	0.68	0.89	0.95	0.4	MQY
MHD	0.93	0.95	0.92		0.87	0.93	0.54	0.89	0.9	0.52	MHD
MUE	0.81	0.88	0.8	0.87		0.86	0.56	0.89	0.82	0.62	MUE
IQI	0.93	0.91	0.86	0.93	0.86		0.56	0.89	0.86	0.63	IQI
OIA	0.59	0.7	0.68	0.54	0.56	0.56		0.65	0.78	0.3	OIA
KTF	0.89	0.93	0.89	0.89	0.89	0.89	0.65		0.93	0.51	KTF
MYD	0.89	0.96	0.95	0.9	0.82	0.86	0.78	0.93		0.48	MYD
DTF	0.53	0.47	0.4	0.52	0.62	0.63	0.3	0.51	0.48		DTF
	MVF	MQT	MQY	MHD	MUE	IQI	OIA	KTF	MYD	DTF

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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
MVF	0.59	(0.05)	0.00	(0.16)	0.00	0.00	1.11	(1.24)	3.26
MQT	0.55	(0.06)	0.00	(0.20)	0.00	0.00	1.01	(1.11)	3.29
MQY	0.60	(0.14)	0.00	(0.49)	0.00	0.00	0.99	(1.31)	3.70
MHD	0.63	(0.07)	0.00	(0.37)	0.00	0.00	1.15	(1.17)	2.75
MUE	0.60	(0.05)	0.00	(0.14)	0.00	0.00	0.89	(1.35)	3.18
IQI	0.52	(0.05)	0.00	(0.24)	0.00	0.00	1.15	(1.01)	3.05
OIA	0.71	(0.17)	0.00	(0.96)	0.00	0.00	1.53	(1.65)	3.88
KTF	0.50	(0.07)	0.00	(0.29)	0.00	0.00	1.13	(1.19)	3.43
MYD	0.59	(0.08)	0.00	(0.27)	0.00	0.00	1.09	(1.39)	3.23
DTF	0.35	0.00	(0.04)	0.04	0.45	(0.43)	0.83	(0.71)	2.78

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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