Eaton Vance Correlations
| EFT Stock | USD 13.60 0.09 0.66% |
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 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 Floating moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very good diversification
The correlation between Eaton Vance Floating and NYA is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Floating and NYA in the same portfolio, assuming nothing else is changed.
Eaton |
The ability to find closely correlated positions to Eaton Vance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eaton Vance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eaton Vance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eaton Vance Floating to buy it.
Moving together with Eaton Stock
| 0.67 | KO | Coca Cola Financial Report 24th of July 2024 | PairCorr |
| 0.68 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.71 | GE | GE Aerospace Sell-off Trend | PairCorr |
| 0.63 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.74 | MMM | 3M Company Financial Report 23rd of July 2024 | PairCorr |
| 0.76 | CVX | Chevron Corp Financial Report 26th of July 2024 | PairCorr |
| 0.75 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
Moving against Eaton Stock
| 0.79 | IBM | International Business Financial Report 17th of July 2024 | PairCorr |
| 0.73 | HD | Home Depot | PairCorr |
| 0.67 | MCD | McDonalds Sell-off Trend | PairCorr |
| 0.63 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.56 | GLABF | Gemina Laboratories | PairCorr |
| 0.54 | NSFDF | NXT Energy Solutions | PairCorr |
| 0.48 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.47 | CSCO | Cisco Systems Financial Report 21st of August 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CBH | 0.24 | 0.04 | (0.10) | (0.22) | 0.23 | 0.58 | 1.49 | |||
| NXG | 0.87 | 0.29 | 0.18 | 0.42 | 1.05 | 2.56 | 8.21 | |||
| GNT | 0.58 | 0.16 | 0.17 | 0.33 | 0.34 | 1.39 | 3.57 | |||
| CXH | 0.31 | 0.00 | (0.12) | 0.10 | 0.36 | 0.53 | 1.61 | |||
| CHW | 0.69 | 0.12 | 0.08 | 0.38 | 0.71 | 1.29 | 4.95 | |||
| CGO | 0.78 | 0.09 | 0.05 | 0.24 | 0.87 | 1.96 | 5.78 | |||
| DTF | 0.25 | (0.01) | (0.20) | (0.04) | 0.29 | 0.65 | 1.69 | |||
| GGZ | 0.66 | 0.03 | (0.03) | 0.17 | 0.92 | 1.35 | 4.03 | |||
| ETW | 0.51 | 0.05 | (0.01) | 0.29 | 0.53 | 1.02 | 3.62 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eaton Vance without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Eaton Vance Corporate Management
Elected by the shareholders, the Eaton Vance's board of directors comprises two types of representatives: Eaton Vance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eaton. The board's role is to monitor Eaton Vance's management team and ensure that shareholders' interests are well served. Eaton Vance's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eaton Vance's outside directors are responsible for providing unbiased perspectives on the board's policies.
| James Kirchner | Treasurer | Profile | |
| Mark Fetting | Independent Trustee | Profile | |
| Scott CFA | Portfolio Mang | Profile | |
| Richard Froio | Chief Compliance Officer | Profile | |
| Valerie Mosley | Independent Trustee | Profile |
Already Invested in Eaton Vance Floating?
The danger of trading Eaton Vance Floating is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Eaton Vance is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Eaton Vance. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eaton Vance Floating is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Eaton Vance Floating is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Eaton Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Eaton Vance Floating Stock. Highlighted below are key reports to facilitate an investment decision about Eaton Vance Floating Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Floating. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Eaton Vance Floating information on this page should be used as a complementary analysis to other Eaton Vance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Eaton Stock analysis
When running Eaton Vance's price analysis, check to measure Eaton Vance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eaton Vance is operating at the current time. Most of Eaton Vance's value examination focuses on studying past and present price action to predict the probability of Eaton Vance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eaton Vance's price. Additionally, you may evaluate how the addition of Eaton Vance to your portfolios can decrease your overall portfolio volatility.
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Is Eaton Vance's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eaton Vance. If investors know Eaton will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eaton Vance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Eaton Vance Floating is measured differently than its book value, which is the value of Eaton that is recorded on the company's balance sheet. Investors also form their own opinion of Eaton Vance's value that differs from its market value or its book value, called intrinsic value, which is Eaton Vance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eaton Vance's market value can be influenced by many factors that don't directly affect Eaton Vance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eaton Vance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eaton Vance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eaton Vance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.