Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Multi Strategy
EAAMX Fund  USD 9.88  0.01  0.10%   
The current 90-days correlation between Eaton Vance Multi and Ab Select Equity is 0.02 (i.e., Significant 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

Good diversification

The correlation between Eaton Vance Multi Strategy and DJI is -0.03 (i.e., Good 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

  0.77EMAIX Eaton Vance MsschstsPairCorr
  0.73EMOAX Eaton Vance MunicipalPairCorr
  0.8ERASX Eaton Vance AtlantaPairCorr
  0.89ERAMX Eaton Vance MultiPairCorr
  0.9ERBIX Eaton Vance RichardPairCorr
  0.98ERBCX Eaton Vance RichardPairCorr
  0.62ERBAX Eaton Vance RichardPairCorr
  0.84EREMX Eaton Vance ParametricPairCorr
  0.62ERHIX Eaton Vance HighPairCorr
  0.85ERGMX Eaton Vance GlobalPairCorr
  0.86ERIBX Eaton Vance IncomePairCorr
  0.83ERISX Parametric Intl EquityPairCorr
  0.9ERLVX Eaton Vance LargePairCorr
  0.63EAALX Eaton Vance AtlantaPairCorr
  0.9ERSTX Eaton Vance LargePairCorr
  0.79ERSMX Eaton Vance AtlantaPairCorr
  0.75ERSIX Eaton Vance ShortPairCorr
  0.88EABLX Eaton Vance FloatingPairCorr
  0.86EAASX Eaton Vance AtlantaPairCorr
  0.98EACOX Eaton Vance GlobalPairCorr
  0.66EACAX Eaton Vance CaliforniaPairCorr
  0.96EABSX Eaton Vance TabsPairCorr
  0.87EADOX Eaton Vance EmergingPairCorr
  0.98EADIX Eaton Vance TaxPairCorr
  0.84EAEMX Parametric EmergingPairCorr
  0.97EAEAX Eaton Vance TaxPairCorr
  0.9EAFVX Eaton Vance ValPairCorr
  0.98EAFHX Eaton Vance FloatingPairCorr
  0.7EAFAX Eaton Vance FloatingPairCorr
  0.98EAGMX Eaton Vance GlobalPairCorr

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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