Eaton Vance Municipal Bond Fund (EIM) Correlation Distribution
Across 6,809 rolling correlation observations between Eaton Vance Municipal Bond Fund (EIM) and other NASDAQ-listed stocks, 68% are positive and 32% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.295, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35.4% and strong negative correlations (≤−0.7) for 3.7%.
- Total observations
- 6,809
- Mean correlation
- 0.295
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68%
- Strong positive (≥0.7)
- 35.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 122 | 1.8% | |
| -0.8 to -0.7 | 121 | 1.8% | |
| -0.7 to -0.6 | 275 | 4.0% | |
| -0.6 to -0.5 | 275 | 4.0% | |
| -0.5 to -0.4 | 287 | 4.2% | |
| -0.4 to -0.3 | 287 | 4.2% | |
| -0.3 to -0.2 | 280 | 4.1% | |
| -0.2 to -0.1 | 279 | 4.1% | |
| -0.1 to 0.0 | 247 | 3.6% | |
| 0.0 to 0.1 | 247 | 3.6% | |
| 0.1 to 0.2 | 250 | 3.7% | |
| 0.2 to 0.3 | 250 | 3.7% | |
| 0.3 to 0.4 | 305 | 4.5% | |
| 0.4 to 0.5 | 305 | 4.5% | |
| 0.5 to 0.6 | 433 | 6.4% | |
| 0.6 to 0.7 | 433 | 6.4% | |
| 0.7 to 0.8 | 900 | 13.2% | |
| 0.8 to 0.9 | 899 | 13.2% | |
| 0.9 to 1.0 | 608 | 8.9% |
Frequently asked questions
What is the average correlation of EIM?
Eaton Vance Municipal Bond Fund (EIM) has an average correlation of about 0.295 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EIM positively correlated with other stocks?
Mostly yes — 68% of pairs are positive and 32% are negative. Strong positive correlations (≥0.7) make up 35.4%.
What is the most common correlation range for EIM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.8% of all pairs.
Explore the full interactive correlation distribution for EIM.
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