Eaton Vance Correlations

EOS Etf

USD 24.16 0.09 0.37%

The current 90-days correlation between Eaton Vance Enhanced and Columbia Seligman Premium is 0.8 (i.e., Very poor 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

Poor diversification

The correlation between Eaton Vance Enhanced and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Enhanced and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Eaton Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Enhanced. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Eaton Etf

0.91	JPST	JPMorgan Ultra Short Sell-off Trend	Pair Corr
0.98	INTL	Main International ETF Low Volatility	Pair Corr
0.97	EMC	Global X Funds	Pair Corr
0.88	ERET	iShares Environmentally	Pair Corr
0.61	FXC	Invesco CurrencyShares	Pair Corr
0.96	DIVS	SmartETFs Dividend	Pair Corr
0.96	XLF	Financial Select Sector	Pair Corr
0.98	LRNZ	Elevation Series Trust	Pair Corr
0.96	PAMC	Pacer Lunt MidCap	Pair Corr
0.99	VOO	Vanguard SP 500	Pair Corr
0.84	VCIT	Vanguard Intermediate Sell-off Trend	Pair Corr
0.99	USXF	iShares ESG Advanced	Pair Corr
0.84	XONE	Bondbloxx Bloomberg One	Pair Corr
0.97	KFEB	Innovator Small Cap	Pair Corr
0.88	FJP	First Trust Japan	Pair Corr
0.94	GAA	Cambria Global Asset	Pair Corr
0.95	XLY	Consumer Discretionary	Pair Corr
0.99	AOR	iShares Core Growth	Pair Corr
0.85	WCLD	WisdomTree Cloud Com	Pair Corr
0.89	SMCY	YieldMax SMCI Option	Pair Corr
0.81	NDIV	Amplify ETF Trust	Pair Corr
0.98	GSIB	Themes Global System	Pair Corr
0.82	LDUR	PIMCO Enhanced Low	Pair Corr
0.97	FEZ	SPDR EURO STOXX	Pair Corr
0.99	ESGG	FlexShares STOXX Global	Pair Corr
0.98	TJAN	Innovator Equity Defined	Pair Corr
0.97	EZU	iShares MSCI Eurozone Low Volatility	Pair Corr
0.97	PQJA	PGIM Nasdaq 100	Pair Corr
0.97	VYM	Vanguard High Dividend	Pair Corr
0.96	PQDI	Principal Exchange	Pair Corr
0.87	MATH	Metalpha Technology	Pair Corr
0.85	ORCX	Defiance Daily Target	Pair Corr
1.0	NBGX	Neuberger Berman ETF	Pair Corr

Moving against Eaton Etf

0.98	VXX	iPath Series B	Pair Corr
0.97	FNGD	MicroSectors FANG Index	Pair Corr
0.66	SMI	Van Eck	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.97	0.82	0.79	0.56	0.92	0.17	0.93	0.21	0.51	META
MSFT	0.97		0.84	0.83	0.51	0.86	0.17	0.95	0.23	0.5	MSFT
UBER	0.82	0.84		0.88	0.41	0.78	0.46	0.85	0.18	0.44	UBER
F	0.79	0.83	0.88		0.42	0.8	0.16	0.89	0.43	0.68	F
T	0.56	0.51	0.41	0.42		0.63	0.11	0.46	0.35	0.27	T
A	0.92	0.86	0.78	0.8	0.63		0.15	0.86	0.36	0.63	A
CRM	0.17	0.17	0.46	0.16	0.11	0.15		0.09	-0.33	-0.21	CRM
JPM	0.93	0.95	0.85	0.89	0.46	0.86	0.09		0.32	0.59	JPM
MRK	0.21	0.23	0.18	0.43	0.35	0.36	-0.33	0.32		0.54	MRK
XOM	0.51	0.5	0.44	0.68	0.27	0.63	-0.21	0.59	0.54		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MSFT	+ 0.97	META
JPM	+ 0.95	MSFT
JPM	+ 0.93	META
A	+ 0.92	META
JPM	+ 0.89	F
F	+ 0.88	UBER

High negative correlations

MRK	- 0.33	CRM
XOM	- 0.21	CRM

Eaton Vance Competition Risk-Adjusted Indicators

There is a big difference between Eaton Etf performing well and Eaton Vance ETF 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
META	1.47	0.27	0.25	0.41	0.82	(1.79)	3.99	(2.00)	10.48
MSFT	0.84	0.33	0.36	0.63	0.00	(1.04)	2.33	(1.03)	8.85
UBER	1.60	0.05	0.05	0.25	1.44	(1.99)	4.19	(2.54)	10.87
F	1.29	0.10	0.04	0.33	1.40	(1.40)	2.69	(2.33)	7.46
T	1.00	(0.02)	(0.12)	0.14	1.30	(1.05)	2.35	(2.35)	5.71
A	1.53	(0.10)	0.02	0.14	1.77	(1.61)	2.82	(2.89)	14.01
CRM	1.30	(0.17)	(0.04)	0.09	1.64	(1.29)	2.95	(3.19)	9.31
JPM	0.88	0.19	0.16	0.40	0.54	(1.01)	2.25	(1.31)	6.03
MRK	1.40	(0.08)	(0.04)	0.13	1.82	(1.38)	2.90	(3.31)	10.58
XOM	1.10	(0.01)	(0.10)	0.16	1.39	(1.07)	2.18	(2.58)	6.28

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