Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) Correlation Distribution
Across 6,809 rolling correlation observations between Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) and other NASDAQ-listed stocks, 72.5% are positive and 27.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.324, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 28.5% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,809
- Mean correlation
- 0.324
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.5%
- Strong positive (≥0.7)
- 28.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 45 | 0.7% | |
| -0.8 to -0.7 | 44 | 0.6% | |
| -0.7 to -0.6 | 157 | 2.3% | |
| -0.6 to -0.5 | 157 | 2.3% | |
| -0.5 to -0.4 | 326 | 4.8% | |
| -0.4 to -0.3 | 326 | 4.8% | |
| -0.3 to -0.2 | 287 | 4.2% | |
| -0.2 to -0.1 | 287 | 4.2% | |
| -0.1 to 0.0 | 241 | 3.5% | |
| 0.0 to 0.1 | 240 | 3.5% | |
| 0.1 to 0.2 | 282 | 4.1% | |
| 0.2 to 0.3 | 282 | 4.1% | |
| 0.3 to 0.4 | 399 | 5.9% | |
| 0.4 to 0.5 | 399 | 5.9% | |
| 0.5 to 0.6 | 699 | 10.3% | |
| 0.6 to 0.7 | 698 | 10.3% | |
| 0.7 to 0.8 | 916 | 13.5% | |
| 0.8 to 0.9 | 916 | 13.5% | |
| 0.9 to 1.0 | 108 | 1.6% |
Frequently asked questions
What is the average correlation of ETV?
Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has an average correlation of about 0.324 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ETV positively correlated with other stocks?
Mostly yes — 72.5% of pairs are positive and 27.5% are negative. Strong positive correlations (≥0.7) make up 28.5%.
What is the most common correlation range for ETV?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.8% of all pairs.
Explore the full interactive correlation distribution for ETV.
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