Eaton Vance Tax-Advantaged Global Div Oppor. Fund (ETO) Correlation Distribution
Across 6,809 rolling correlation observations between Eaton Vance Tax-Advantaged Global Div Oppor. Fund (ETO) and other NASDAQ-listed stocks, 79.7% are positive and 20.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.318, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 14.4% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.318
- Most common range
- 0.5 to 0.6
- Positive pairs
- 79.7%
- Strong positive (≥0.7)
- 14.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 20 | 0.3% | |
| -0.8 to -0.7 | 20 | 0.3% | |
| -0.7 to -0.6 | 94 | 1.4% | |
| -0.6 to -0.5 | 94 | 1.4% | |
| -0.5 to -0.4 | 125 | 1.8% | |
| -0.4 to -0.3 | 125 | 1.8% | |
| -0.3 to -0.2 | 236 | 3.5% | |
| -0.2 to -0.1 | 236 | 3.5% | |
| -0.1 to 0.0 | 431 | 6.3% | |
| 0.0 to 0.1 | 431 | 6.3% | |
| 0.1 to 0.2 | 529 | 7.8% | |
| 0.2 to 0.3 | 528 | 7.8% | |
| 0.3 to 0.4 | 690 | 10.1% | |
| 0.4 to 0.5 | 690 | 10.1% | |
| 0.5 to 0.6 | 791 | 11.6% | |
| 0.6 to 0.7 | 791 | 11.6% | |
| 0.7 to 0.8 | 465 | 6.8% | |
| 0.8 to 0.9 | 465 | 6.8% | |
| 0.9 to 1.0 | 48 | 0.7% |
Frequently asked questions
What is the average correlation of ETO?
Eaton Vance Tax-Advantaged Global Div Oppor. Fund (ETO) has an average correlation of about 0.318 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ETO positively correlated with other stocks?
Mostly yes — 79.7% of pairs are positive and 20.3% are negative. Strong positive correlations (≥0.7) make up 14.4%.
What is the most common correlation range for ETO?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 35.1% of all pairs.
Explore the full interactive correlation distribution for ETO.
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