Eaton Vance Floating-Rate Income Trust (EFT) Correlation Distribution
Across 6,809 rolling correlation observations between Eaton Vance Floating-Rate Income Trust (EFT) and other NASDAQ-listed stocks, 78.8% are positive and 21.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.307, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 12.3% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- 0.307
- Most common range
- 0.5 to 0.6
- Positive pairs
- 78.8%
- Strong positive (≥0.7)
- 12.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 27 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 80 | 1.2% | |
| -0.6 to -0.5 | 79 | 1.2% | |
| -0.5 to -0.4 | 157 | 2.3% | |
| -0.4 to -0.3 | 157 | 2.3% | |
| -0.3 to -0.2 | 253 | 3.7% | |
| -0.2 to -0.1 | 253 | 3.7% | |
| -0.1 to 0.0 | 414 | 6.1% | |
| 0.0 to 0.1 | 413 | 6.1% | |
| 0.1 to 0.2 | 506 | 7.4% | |
| 0.2 to 0.3 | 505 | 7.4% | |
| 0.3 to 0.4 | 704 | 10.3% | |
| 0.4 to 0.5 | 703 | 10.3% | |
| 0.5 to 0.6 | 849 | 12.5% | |
| 0.6 to 0.7 | 848 | 12.5% | |
| 0.7 to 0.8 | 397 | 5.8% | |
| 0.8 to 0.9 | 397 | 5.8% | |
| 0.9 to 1.0 | 41 | 0.6% |
Frequently asked questions
What is the average correlation of EFT?
Eaton Vance Floating-Rate Income Trust (EFT) has an average correlation of about 0.307 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EFT positively correlated with other stocks?
Mostly yes — 78.8% of pairs are positive and 21.2% are negative. Strong positive correlations (≥0.7) make up 12.3%.
What is the most common correlation range for EFT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.4% of all pairs.
Explore the full interactive correlation distribution for EFT.
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