Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Val
EAFVX Fund  USD 20.43  0.12  0.59%   
The current 90-days correlation between Eaton Vance Val and Eaton Vance Richard is 0.83 (i.e., Very poor 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

Poor diversification

The correlation between Eaton Vance Val and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Val 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 Val. 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 real.

Moving together with Eaton Mutual Fund

  0.82EMAIX Eaton Vance MsschstsPairCorr
  0.69EMOCX Eaton Vance MunicipalPairCorr
  0.73EMOAX Eaton Vance MunicipalPairCorr
  0.73EMOIX Eaton Vance MunicipalPairCorr
  0.66ENYIX Eaton Vance NewPairCorr
  0.84ERASX Eaton Vance AtlantaPairCorr
  0.87ERBIX Eaton Vance RichardPairCorr
  0.98ERBCX Eaton Vance RichardPairCorr
  0.86EREMX Eaton Vance ParametricPairCorr
  0.81ERISX Parametric Intl EquityPairCorr
  0.84ERLGX Eaton Vance AtlantaPairCorr
  0.96EAAMX Eaton Vance MultiPairCorr
  1.0ERSTX Eaton Vance LargePairCorr
  0.95ERSMX Eaton Vance AtlantaPairCorr
  0.88ERSIX Eaton Vance ShortPairCorr
  0.94EABLX Eaton Vance FloatingPairCorr
  0.95EAASX Eaton Vance AtlantaPairCorr
  0.97EACOX Eaton Vance GlobalPairCorr
  0.93EABSX Eaton Vance TabsPairCorr
  0.96EADOX Eaton Vance EmergingPairCorr
  0.99EADIX Eaton Vance TaxPairCorr
  0.99EAERX Eaton Vance StockPairCorr
  0.97EAEMX Parametric EmergingPairCorr
  0.99EAEAX Eaton Vance TaxPairCorr
  0.99EAFGX Eaton Vance FocusedPairCorr
  0.97EAFAX Eaton Vance FloatingPairCorr
  0.66EAGIX Eaton Vance CorePairCorr
  0.62EAIIX Eaton Vance DiversifiedPairCorr
  0.76EALDX Eaton Vance ShortPairCorr
  0.99EALCX Eaton Vance GrowthPairCorr
  0.93EALBX Eaton Vance TabsPairCorr
  0.93EALTX Ev Tab LadPairCorr
  0.92EAMLX Eaton Vance NationalPairCorr
  0.97ESBLX 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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