Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) Correlation Distribution
Across 6,809 rolling correlation observations between Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) and other NASDAQ-listed stocks, 74.1% are positive and 25.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.303, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 18.2% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- 0.303
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.1%
- Strong positive (≥0.7)
- 18.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 47 | 0.7% | |
| -0.8 to -0.7 | 47 | 0.7% | |
| -0.7 to -0.6 | 91 | 1.3% | |
| -0.6 to -0.5 | 91 | 1.3% | |
| -0.5 to -0.4 | 249 | 3.7% | |
| -0.4 to -0.3 | 249 | 3.7% | |
| -0.3 to -0.2 | 352 | 5.2% | |
| -0.2 to -0.1 | 352 | 5.2% | |
| -0.1 to 0.0 | 286 | 4.2% | |
| 0.0 to 0.1 | 285 | 4.2% | |
| 0.1 to 0.2 | 366 | 5.4% | |
| 0.2 to 0.3 | 366 | 5.4% | |
| 0.3 to 0.4 | 564 | 8.3% | |
| 0.4 to 0.5 | 564 | 8.3% | |
| 0.5 to 0.6 | 830 | 12.2% | |
| 0.6 to 0.7 | 830 | 12.2% | |
| 0.7 to 0.8 | 609 | 8.9% | |
| 0.8 to 0.9 | 609 | 8.9% | |
| 0.9 to 1.0 | 22 | 0.3% |
Frequently asked questions
What is the average correlation of ETB?
Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) has an average correlation of about 0.303 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ETB positively correlated with other stocks?
Mostly yes — 74.1% of pairs are positive and 25.9% are negative. Strong positive correlations (≥0.7) make up 18.2%.
What is the most common correlation range for ETB?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29.5% of all pairs.
Explore the full interactive correlation distribution for ETB.
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