Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) Correlation Distribution
Across 6,809 rolling correlation observations between Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) and other NASDAQ-listed stocks, 76.6% are positive and 23.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.343, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 22.3% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,809
- Mean correlation
- 0.343
- Most common range
- 0.5 to 0.6
- Positive pairs
- 76.6%
- Strong positive (≥0.7)
- 22.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 14 | 0.2% | |
| -0.8 to -0.7 | 14 | 0.2% | |
| -0.7 to -0.6 | 76 | 1.1% | |
| -0.6 to -0.5 | 76 | 1.1% | |
| -0.5 to -0.4 | 185 | 2.7% | |
| -0.4 to -0.3 | 185 | 2.7% | |
| -0.3 to -0.2 | 354 | 5.2% | |
| -0.2 to -0.1 | 354 | 5.2% | |
| -0.1 to 0.0 | 336 | 4.9% | |
| 0.0 to 0.1 | 336 | 4.9% | |
| 0.1 to 0.2 | 360 | 5.3% | |
| 0.2 to 0.3 | 359 | 5.3% | |
| 0.3 to 0.4 | 563 | 8.3% | |
| 0.4 to 0.5 | 563 | 8.3% | |
| 0.5 to 0.6 | 758 | 11.1% | |
| 0.6 to 0.7 | 757 | 11.1% | |
| 0.7 to 0.8 | 697 | 10.2% | |
| 0.8 to 0.9 | 697 | 10.2% | |
| 0.9 to 1.0 | 125 | 1.8% |
Frequently asked questions
What is the average correlation of EXG?
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) has an average correlation of about 0.343 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EXG positively correlated with other stocks?
Mostly yes — 76.6% of pairs are positive and 23.4% are negative. Strong positive correlations (≥0.7) make up 22.3%.
What is the most common correlation range for EXG?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30.8% of all pairs.
Explore the full interactive correlation distribution for EXG.
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