Eaton Vance Correlations

EVM Stock

USD 9.61 0.00 0.00%

The current 90-days correlation between Eaton Vance California and Delaware Investments Florida is -0.01 (i.e., Good 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 California 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 California and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance California 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Eaton Stock

0.71	HHI	Henderson High Income	Pair Corr
0.79	AB	AllianceBernstein	Pair Corr
0.62	BK	Bank of New York	Pair Corr
0.86	MNG	MG Plc	Pair Corr
0.68	VELO	Velo3D,	Pair Corr
0.91	VINP	Vinci Partners Inves	Pair Corr
0.77	BCBN	Base Carbon	Pair Corr
0.69	OEQ	Orion Equities	Pair Corr
0.66	PCFT	Polar Capital Global	Pair Corr
0.75	SII	Sprott Inc	Pair Corr

Moving against Eaton Stock

0.95	GCMGW	GCM Grosvenor	Pair Corr
0.9	WT	WisdomTree	Pair Corr
0.87	BX	Blackstone Group	Pair Corr
0.87	CG	Carlyle Group Normal Trading	Pair Corr
0.85	VCTR	Victory Capital Holdings	Pair Corr
0.84	PX	P10 Inc	Pair Corr
0.83	DHIL	Diamond Hill Investment	Pair Corr
0.8	SDV	Chelverton UK Dividend	Pair Corr
0.79	SCGL	Sealand Capital Galaxy	Pair Corr
0.75	JLEN	JLEN Environmental Assets	Pair Corr
0.58	MFG	Magellan Financial	Pair Corr
0.53	RA	Brookfield Real Assets	Pair Corr
0.53	DMYY	dMY Squared Technology	Pair Corr
0.49	MNTN	Schiehallion	Pair Corr
0.94	VRTS	Virtus Investment	Pair Corr
0.84	HM1	Hearts and Minds	Pair Corr
0.73	IGV	Income Growth	Pair Corr
0.71	TIP	Teaminvest Private	Pair Corr
0.69	CSOC-A	Canso Select Opportu	Pair Corr
0.54	ATY	Athelney Trust plc	Pair Corr
0.45	WMA	Wam Alternative Assets	Pair Corr
0.39	SMT	Scottish Mortgage	Pair Corr

Related Correlations Analysis

	NDCVF	WTSHF	CROMF	EQTD	ON	GGDVF	VFL
NDCVF		0.08	0.26	0.0	0.35	0.0	0.29	NDCVF
WTSHF	0.08		0.1	0.0	0.45	0.0	0.02	WTSHF
CROMF	0.26	0.1		0.0	0.08	0.0	-0.01	CROMF
EQTD	0.0	0.0	0.0		0.0	-1.0	0.0	EQTD
ON	0.35	0.45	0.08	0.0		0.0	0.37	ON
GGDVF	0.0	0.0	0.0	-1.0	0.0		0.0	GGDVF
VFL	0.29	0.02	-0.01	0.0	0.37	0.0		VFL
	NDCVF	WTSHF	CROMF	EQTD	ON	GGDVF	VFL

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

ON	+ 0.45	WTSHF
VFL	+ 0.37	ON
ON	+ 0.35	NDCVF
VFL	+ 0.29	NDCVF
CROMF	+ 0.26	NDCVF
CROMF	+ 0.1	WTSHF

High negative correlations

GGDVF	- 1.0	EQTD
VFL	- 0.01	CROMF
VFL	- 0.0	GGDVF
GGDVF	- 0.0	ON
VFL	- 0.0	EQTD
ON	- 0.0	EQTD

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
NDCVF	1.71	(0.12)	0.00	1.09	0.00	0.00	4.35	(4.81)	12.22
WTSHF	0.83	0.04	0.00	0.20	1.03	(1.22)	2.19	(2.31)	5.39
CROMF	0.39	(0.01)	(0.04)	(0.11)	0.71	(1.08)	1.50	(1.29)	4.79
EQTD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ON	2.28	0.06	0.06	0.09	2.55	(2.67)	5.18	(4.32)	15.27
GGDVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VFL	0.46	0.07	0.03	0.43	0.34	(0.58)	1.02	(0.79)	3.70

Eaton Vance Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Eaton Vance stock to make a market-neutral strategy. Peer analysis of Eaton Vance could also be used in its relative valuation, which is a method of valuing Eaton Vance by comparing valuation metrics with similar companies.

Nordic Semiconductor ASA Westshore Terminals Investment Crombie Real Estate Equal Trading ON Semiconductor Guangdong Investment Limited Delaware Investments Florida American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Eaton Vance Corporate Management

James Kirchner	Treasurer	Profile
Richard Froio	Chief Compliance Officer	Profile
Valerie Mosley	Independent Trustee	Profile
Payson CFA	Chief VP	Profile

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