Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) Correlation Distribution
Across 6,809 rolling correlation observations between Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) and other NASDAQ-listed stocks, 79.1% are positive and 20.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.327, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 16.9% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.327
- Most common range
- 0.5 to 0.6
- Positive pairs
- 79.1%
- Strong positive (≥0.7)
- 16.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 29 | 0.4% | |
| -0.8 to -0.7 | 29 | 0.4% | |
| -0.7 to -0.6 | 61 | 0.9% | |
| -0.6 to -0.5 | 60 | 0.9% | |
| -0.5 to -0.4 | 116 | 1.7% | |
| -0.4 to -0.3 | 116 | 1.7% | |
| -0.3 to -0.2 | 285 | 4.2% | |
| -0.2 to -0.1 | 284 | 4.2% | |
| -0.1 to 0.0 | 443 | 6.5% | |
| 0.0 to 0.1 | 442 | 6.5% | |
| 0.1 to 0.2 | 515 | 7.6% | |
| 0.2 to 0.3 | 514 | 7.5% | |
| 0.3 to 0.4 | 606 | 8.9% | |
| 0.4 to 0.5 | 606 | 8.9% | |
| 0.5 to 0.6 | 776 | 11.4% | |
| 0.6 to 0.7 | 776 | 11.4% | |
| 0.7 to 0.8 | 553 | 8.1% | |
| 0.8 to 0.9 | 553 | 8.1% | |
| 0.9 to 1.0 | 45 | 0.7% |
Frequently asked questions
What is the average correlation of EVT?
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) has an average correlation of about 0.327 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EVT positively correlated with other stocks?
Mostly yes — 79.1% of pairs are positive and 20.9% are negative. Strong positive correlations (≥0.7) make up 16.9%.
What is the most common correlation range for EVT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 36.5% of all pairs.
Explore the full interactive correlation distribution for EVT.
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