Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Atlanta
EAASX Fund  USD 34.69  0.05  0.14%   
The current 90-days correlation between Eaton Vance Atlanta and Alpine Ultra Short is -0.04 (i.e., Good 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 poor diversification

The correlation between Eaton Vance Atlanta and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Atlanta 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 Atlanta. 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 state.

Moving together with Eaton Mutual Fund

  0.85EMAIX Eaton Vance MsschstsPairCorr
  0.64EMOAX Eaton Vance MunicipalPairCorr
  0.65EMOIX Eaton Vance MunicipalPairCorr
  1.0ERASX Eaton Vance AtlantaPairCorr
  0.91ERBCX Eaton Vance RichardPairCorr
  0.91ERBAX Eaton Vance RichardPairCorr
  0.86ERHIX Eaton Vance HighPairCorr
  0.91ERIFX Eaton Vance BalancedPairCorr
  0.93ERLVX Eaton Vance LargePairCorr
  1.0ERSMX Eaton Vance AtlantaPairCorr
  0.78ERSIX Eaton Vance ShortPairCorr
  0.89EABLX Eaton Vance FloatingPairCorr
  0.88EADOX Eaton Vance EmergingPairCorr
  0.91EADIX Eaton Vance TaxPairCorr
  0.9EAEMX Parametric EmergingPairCorr
  0.94EAEAX Eaton Vance TaxPairCorr
  0.95EAFVX Eaton Vance ValPairCorr
  0.9EAFHX Eaton Vance FloatingPairCorr
  0.92EALCX Eaton Vance GrowthPairCorr
  0.82EALBX Eaton Vance TabsPairCorr
  0.85EALTX Ev Tab LadPairCorr
  0.64EAPCX Parametric CommodityPairCorr
  0.85ESEAX Eaton Vance AtlantaPairCorr
  0.89EARAX Eaton Vance RichardPairCorr
  0.84ESECX Eaton Vance AtlantaPairCorr
  0.94EATVX Eaton Vance TaxPairCorr
  0.87ESHAX Eaton Vance ShortPairCorr
  0.77ESIIX Eaton Vance ShortPairCorr
  0.67EBABX Eaton Vance EPairCorr
  0.62ETAZX Eaton Vance ArizonaPairCorr
  0.78ETGIX Eaton Vance GreaterPairCorr
  0.71ETMOX Eaton Vance MissouriPairCorr
  0.98ETMGX Eaton Vance TaxPairCorr

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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