Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Atlant
EAGCX Fund  USD 19.28  0.05  0.26%   
The current 90-days correlation between Eaton Vance Atlant and Eaton Vance Msschsts is 0.21 (i.e., Modest 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

Almost no diversification

The correlation between Eaton Vance Atlant and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Atlant 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 Atlant. 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 main economic indicators.

Moving together with Eaton Mutual Fund

  0.87EMAIX Eaton Vance MsschstsPairCorr
  0.62EMOAX Eaton Vance MunicipalPairCorr
  0.63EMOIX Eaton Vance MunicipalPairCorr
  0.88ERASX Eaton Vance AtlantaPairCorr
  0.93ERAMX Eaton Vance MultiPairCorr
  0.96ERBIX Eaton Vance RichardPairCorr
  0.68ERBCX Eaton Vance RichardPairCorr
  0.96ERBAX Eaton Vance RichardPairCorr
  0.92EREMX Eaton Vance ParametricPairCorr
  0.92ERHIX Eaton Vance HighPairCorr
  0.89ERGMX Eaton Vance GlobalPairCorr
  0.94ERIFX Eaton Vance BalancedPairCorr
  0.92ERIBX Eaton Vance IncomePairCorr
  0.95ERISX Parametric Intl EquityPairCorr
  1.0ERLGX Eaton Vance AtlantaPairCorr
  0.95ERLVX Eaton Vance LargePairCorr
  0.93EAAMX Eaton Vance MultiPairCorr
  1.0EAALX Eaton Vance AtlantaPairCorr
  0.95ERSTX Eaton Vance LargePairCorr
  0.88ERSMX Eaton Vance AtlantaPairCorr
  0.79ERSIX Eaton Vance ShortPairCorr
  0.93ERSGX Eaton Vance SmallPairCorr
  0.94EABLX Eaton Vance FloatingPairCorr
  0.88EAASX Eaton Vance AtlantaPairCorr
  0.95EACPX Eaton Vance TaxPairCorr
  0.9EACOX Eaton Vance GlobalPairCorr
  0.89EABSX Eaton Vance TabsPairCorr
  0.89EADOX Eaton Vance EmergingPairCorr
  0.96EADIX Eaton Vance TaxPairCorr
  0.95EAERX Eaton Vance StockPairCorr
  0.92EAEMX Parametric EmergingPairCorr
  0.95EAEAX Eaton Vance TaxPairCorr
  0.94EAFVX Eaton Vance ValPairCorr
  0.94EAFHX 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  0.16 (0.01)(0.50)(0.11) 0.19 
(0.22)
 0.36 
(0.36)
 1.18 
EMOAX  0.18 (0.01)(0.47)(0.08) 0.22 
(0.22)
 0.37 
(0.36)
 1.28 
EMOIX  0.17 (0.01)(0.44)(0.06) 0.20 
(0.23)
 0.37 
(0.36)
 1.10 
EIM  0.39  0.04 (0.14) 3.21  0.48 
(0.46)
 0.86 
(0.73)
 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  0.04 (0.63) 0.65  0.00 
(0.21)
 0.42 
(0.10)
 0.81 
ERBIX  0.52  0.11  0.09  0.29  0.33 
(0.61)
 1.74 
(1.07)
 3.26 
ERBCX  0.50  0.25  0.19 (3.84) 0.00 
(0.64)
 1.73 
(0.84)
 3.30 

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