Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) Correlation Distribution
Across 6,809 rolling correlation observations between Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) and other NASDAQ-listed stocks, 72.9% are positive and 27.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.344, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 33% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.344
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.9%
- Strong positive (≥0.7)
- 33%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 32 | 0.5% | |
| -0.8 to -0.7 | 32 | 0.5% | |
| -0.7 to -0.6 | 166 | 2.4% | |
| -0.6 to -0.5 | 166 | 2.4% | |
| -0.5 to -0.4 | 321 | 4.7% | |
| -0.4 to -0.3 | 320 | 4.7% | |
| -0.3 to -0.2 | 280 | 4.1% | |
| -0.2 to -0.1 | 280 | 4.1% | |
| -0.1 to 0.0 | 245 | 3.6% | |
| 0.0 to 0.1 | 244 | 3.6% | |
| 0.1 to 0.2 | 280 | 4.1% | |
| 0.2 to 0.3 | 280 | 4.1% | |
| 0.3 to 0.4 | 365 | 5.4% | |
| 0.4 to 0.5 | 365 | 5.4% | |
| 0.5 to 0.6 | 595 | 8.7% | |
| 0.6 to 0.7 | 594 | 8.7% | |
| 0.7 to 0.8 | 957 | 14.1% | |
| 0.8 to 0.9 | 956 | 14.0% | |
| 0.9 to 1.0 | 331 | 4.9% |
Frequently asked questions
What is the average correlation of ETW?
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has an average correlation of about 0.344 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ETW positively correlated with other stocks?
Mostly yes — 72.9% of pairs are positive and 27.1% are negative. Strong positive correlations (≥0.7) make up 33%.
What is the most common correlation range for ETW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.6% of all pairs.
Explore the full interactive correlation distribution for ETW.
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