Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG) Correlation Distribution
Across 6,809 rolling correlation observations between Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG) and other NASDAQ-listed stocks, 81.5% are positive and 18.5% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.31, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 11.7% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.31
- Most common range
- 0.3 to 0.4
- Positive pairs
- 81.5%
- Strong positive (≥0.7)
- 11.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 21 | 0.3% | |
| -0.7 to -0.6 | 98 | 1.4% | |
| -0.6 to -0.5 | 97 | 1.4% | |
| -0.5 to -0.4 | 115 | 1.7% | |
| -0.4 to -0.3 | 115 | 1.7% | |
| -0.3 to -0.2 | 207 | 3.0% | |
| -0.2 to -0.1 | 206 | 3.0% | |
| -0.1 to 0.0 | 376 | 5.5% | |
| 0.0 to 0.1 | 376 | 5.5% | |
| 0.1 to 0.2 | 650 | 9.5% | |
| 0.2 to 0.3 | 649 | 9.5% | |
| 0.3 to 0.4 | 782 | 11.5% | |
| 0.4 to 0.5 | 782 | 11.5% | |
| 0.5 to 0.6 | 758 | 11.1% | |
| 0.6 to 0.7 | 757 | 11.1% | |
| 0.7 to 0.8 | 374 | 5.5% | |
| 0.8 to 0.9 | 373 | 5.5% | |
| 0.9 to 1.0 | 51 | 0.7% |
Frequently asked questions
What is the average correlation of ETG?
Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG) has an average correlation of about 0.31 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ETG positively correlated with other stocks?
Mostly yes — 81.5% of pairs are positive and 18.5% are negative. Strong positive correlations (≥0.7) make up 11.7%.
What is the most common correlation range for ETG?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 36.2% of all pairs.
Explore the full interactive correlation distribution for ETG.
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