Eaton Vance Correlations

Mutual Funds USA . 
Fund . Eaton Vance Multi Strategy
EAAMX Fund  USD 9.87  0.01  0.10%   
The current 90-days correlation between Eaton Vance Multi and Tiaa Cref Lifestyle Servative is 0.31 (i.e., Weak diversification). The correlation of Eaton Vance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Eaton Vance Correlation With Market

Very weak diversification

The correlation between Eaton Vance Multi Strategy and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Multi Strategy and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Multi Strategy. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Eaton Mutual Fund

  0.67EMAIX Eaton Vance MsschstsPairCorr
  1.0ERAMX Eaton Vance MultiPairCorr
  0.98ERBIX Eaton Vance RichardPairCorr
  0.68ERBCX Eaton Vance RichardPairCorr
  0.68ERBAX Eaton Vance RichardPairCorr
  0.64EREMX Eaton Vance ParametricPairCorr
  0.67ERHIX Eaton Vance HighPairCorr
  0.97ERGMX Eaton Vance GlobalPairCorr
  0.69ERIFX Eaton Vance BalancedPairCorr
  0.7ERLVX Eaton Vance LargePairCorr
  0.97ERSTX Eaton Vance LargePairCorr
  0.65ERSIX Eaton Vance ShortPairCorr
  0.68EABLX Eaton Vance FloatingPairCorr
  0.96EACPX Eaton Vance TaxPairCorr
  0.66EADOX Eaton Vance EmergingPairCorr
  0.67EADIX Eaton Vance TaxPairCorr
  0.64EAEMX Parametric EmergingPairCorr
  0.71EAEAX Eaton Vance TaxPairCorr
  0.7EAFVX Eaton Vance ValPairCorr
  0.67EAFHX Eaton Vance FloatingPairCorr
  0.97EAFGX Eaton Vance FocusedPairCorr
  0.67EAFAX Eaton Vance FloatingPairCorr
  0.97EAGMX Eaton Vance GlobalPairCorr
  0.63EAGIX Eaton Vance CorePairCorr
  0.86EAISX Parametric InternationalPairCorr
  0.85EALDX Eaton Vance ShortPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Eaton Mutual Fund performing well and Eaton Vance Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Eaton Vance's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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