Eaton Vance California Municipal Income Trust (CEV) Correlation Distribution
Across 6,809 rolling correlation observations between Eaton Vance California Municipal Income Trust (CEV) and other NASDAQ-listed stocks, 67.2% are positive and 32.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.285, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 33.6% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,809
- Mean correlation
- 0.285
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.2%
- Strong positive (≥0.7)
- 33.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 99 | 1.5% | |
| -0.8 to -0.7 | 99 | 1.5% | |
| -0.7 to -0.6 | 271 | 4.0% | |
| -0.6 to -0.5 | 270 | 4.0% | |
| -0.5 to -0.4 | 308 | 4.5% | |
| -0.4 to -0.3 | 307 | 4.5% | |
| -0.3 to -0.2 | 306 | 4.5% | |
| -0.2 to -0.1 | 305 | 4.5% | |
| -0.1 to 0.0 | 262 | 3.8% | |
| 0.0 to 0.1 | 262 | 3.8% | |
| 0.1 to 0.2 | 257 | 3.8% | |
| 0.2 to 0.3 | 256 | 3.8% | |
| 0.3 to 0.4 | 304 | 4.5% | |
| 0.4 to 0.5 | 304 | 4.5% | |
| 0.5 to 0.6 | 453 | 6.7% | |
| 0.6 to 0.7 | 452 | 6.6% | |
| 0.7 to 0.8 | 897 | 13.2% | |
| 0.8 to 0.9 | 896 | 13.2% | |
| 0.9 to 1.0 | 497 | 7.3% |
Frequently asked questions
What is the average correlation of CEV?
Eaton Vance California Municipal Income Trust (CEV) has an average correlation of about 0.285 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CEV positively correlated with other stocks?
Mostly yes — 67.2% of pairs are positive and 32.8% are negative. Strong positive correlations (≥0.7) make up 33.6%.
What is the most common correlation range for CEV?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.2% of all pairs.
Explore the full interactive correlation distribution for CEV.
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