Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Focused
EAFGX Fund  USD 28.87  0.09  0.31%   
The current 90-days correlation between Eaton Vance Focused and Eaton Vance Growth is 1.0 (i.e., No risk reduction). 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 good diversification

The correlation between Eaton Vance Focused and DJI is -0.32 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Focused 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 Focused. 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 price.

Moving together with Eaton Mutual Fund

  0.9EMAIX Eaton Vance MsschstsPairCorr
  0.74EMOIX Eaton Vance MunicipalPairCorr
  0.67ENYIX Eaton Vance NewPairCorr
  0.9ERASX Eaton Vance AtlantaPairCorr
  0.97ERAMX Eaton Vance MultiPairCorr
  0.97ERBIX Eaton Vance RichardPairCorr
  0.99ERBCX Eaton Vance RichardPairCorr
  0.99ERBAX Eaton Vance RichardPairCorr
  0.96EREMX Eaton Vance ParametricPairCorr
  0.96ERHIX Eaton Vance HighPairCorr
  0.95ERGMX Eaton Vance GlobalPairCorr
  0.97ERIFX Eaton Vance BalancedPairCorr
  0.96ERIBX Eaton Vance IncomePairCorr
  0.94ERISX Parametric Intl EquityPairCorr
  0.95ERLGX Eaton Vance AtlantaPairCorr
  0.96ERLVX Eaton Vance LargePairCorr
  0.97EAAMX Eaton Vance MultiPairCorr
  0.97EAALX Eaton Vance AtlantaPairCorr
  0.96ERSTX Eaton Vance LargePairCorr
  0.9ERSMX Eaton Vance AtlantaPairCorr
  0.87ERSIX Eaton Vance ShortPairCorr
  0.91ERSGX Eaton Vance SmallPairCorr
  0.96EABLX Eaton Vance FloatingPairCorr
  0.94EAASX Eaton Vance AtlantaPairCorr
  1.0EACPX Eaton Vance TaxPairCorr
  0.97EACOX Eaton Vance GlobalPairCorr
  0.79EABSX Eaton Vance TabsPairCorr
  0.95EADOX Eaton Vance EmergingPairCorr
  0.99EADIX Eaton Vance TaxPairCorr
  1.0EAERX Eaton Vance StockPairCorr
  0.96EAEMX Parametric EmergingPairCorr
  1.0EAEAX Eaton Vance TaxPairCorr
  0.99EAFVX Eaton Vance ValPairCorr
  0.97EAFHX 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.

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