Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Emerging
EADOX Fund  USD 8.16  0.01  0.12%   
The current 90-days correlation between Eaton Vance Emerging and Eaton Vance Msschsts is -0.02 (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

Good diversification

The correlation between Eaton Vance Emerging and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Emerging 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 Emerging. 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 persons.

Moving together with Eaton Mutual Fund

  0.9EMAIX Eaton Vance MsschstsPairCorr
  0.62EMOAX Eaton Vance MunicipalPairCorr
  0.64EMOIX Eaton Vance MunicipalPairCorr
  0.88ERASX Eaton Vance AtlantaPairCorr
  0.98ERAMX Eaton Vance MultiPairCorr
  0.97ERBIX Eaton Vance RichardPairCorr
  0.97ERBCX Eaton Vance RichardPairCorr
  0.97ERBAX Eaton Vance RichardPairCorr
  0.98EREMX Eaton Vance ParametricPairCorr
  0.97ERHIX Eaton Vance HighPairCorr
  1.0ERGMX Eaton Vance GlobalPairCorr
  0.97ERIFX Eaton Vance BalancedPairCorr
  0.97ERIBX Eaton Vance IncomePairCorr
  0.96ERISX Parametric Intl EquityPairCorr
  0.9ERLGX Eaton Vance AtlantaPairCorr
  0.96ERLVX Eaton Vance LargePairCorr
  0.98EAAMX Eaton Vance MultiPairCorr
  0.9EAALX Eaton Vance AtlantaPairCorr
  0.96ERSTX Eaton Vance LargePairCorr
  0.87ERSMX Eaton Vance AtlantaPairCorr
  0.93ERSIX Eaton Vance ShortPairCorr
  0.88ERSGX Eaton Vance SmallPairCorr
  0.98EABLX Eaton Vance FloatingPairCorr
  0.89EAASX Eaton Vance AtlantaPairCorr
  0.95EACPX Eaton Vance TaxPairCorr
  0.99EACOX Eaton Vance GlobalPairCorr
  0.94EABSX Eaton Vance TabsPairCorr
  0.98EADIX Eaton Vance TaxPairCorr
  0.97EAERX Eaton Vance StockPairCorr
  0.99EAEMX Parametric EmergingPairCorr
  0.97EAEAX Eaton Vance TaxPairCorr
  0.96EAFVX Eaton Vance ValPairCorr
  0.98EAFHX Eaton Vance FloatingPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMAIX  0.11  0.01 (0.74) 0.75  0.00 
(0.16)
 0.21 
(0.20)
 0.72 
EMOCX  0.17  0.01 (0.44)(0.25) 0.14 
(0.24)
 0.37 
(0.36)
 1.47 
EMOAX  0.19  0.02 (0.41)(0.26) 0.17 
(0.24)
 0.45 
(0.36)
 1.66 
EMOIX  0.19  0.02 (0.39)(0.34) 0.15 
(0.25)
 0.46 
(0.36)
 1.66 
EIM  0.42 (0.04)(0.16) 0.02  0.64 
(0.45)
 0.86 
(1.02)
 3.21 
ENYIX  0.16 (0.01)(0.49)(0.14) 0.19 
(0.21)
 0.44 
(0.33)
 1.21 
ERASX  0.74  0.00 (0.01) 0.13  0.85 
(0.80)
 1.59 
(1.57)
 5.35 
ERAMX  0.12  0.06 (0.59)(5.01) 0.00 
(0.21)
 0.42 
(0.10)
 0.81 
ERBIX  0.53  0.22  0.11 (2.97) 0.32 
(0.61)
 1.74 
(1.07)
 3.26 
ERBCX  0.53  0.22  0.10 (2.89) 0.34 
(0.62)
 1.73 
(1.10)
 3.30 

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