Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Core
EAGIX Fund  USD 8.59  0.02  0.23%   
The current 90-days correlation between Eaton Vance Core and Eaton Vance Msschsts is 0.67 (i.e., 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

Modest diversification

The correlation between Eaton Vance Core and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Core 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 Core. 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 gross domestic product.

Moving together with Eaton Mutual Fund

  0.82EMAIX Eaton Vance MsschstsPairCorr
  0.62EMOAX Eaton Vance MunicipalPairCorr
  0.67EMOIX Eaton Vance MunicipalPairCorr
  0.74ERAMX Eaton Vance MultiPairCorr
  0.7ERBIX Eaton Vance RichardPairCorr
  0.69ERBCX Eaton Vance RichardPairCorr
  0.7ERBAX Eaton Vance RichardPairCorr
  0.7EREMX Eaton Vance ParametricPairCorr
  0.79ERHIX Eaton Vance HighPairCorr
  0.97ERGOX Eaton Vance GovernmentPairCorr
  0.7ERGMX Eaton Vance GlobalPairCorr
  0.73ERIFX Eaton Vance BalancedPairCorr
  0.79ERIBX Eaton Vance IncomePairCorr
  0.72ERISX Parametric Intl EquityPairCorr
  0.68ERLVX Eaton Vance LargePairCorr
  0.75EAAMX Eaton Vance MultiPairCorr
  0.68ERSTX Eaton Vance LargePairCorr
  0.9ERSIX Eaton Vance ShortPairCorr
  0.7EABLX Eaton Vance FloatingPairCorr
  0.64EACPX Eaton Vance TaxPairCorr
  0.69EACOX Eaton Vance GlobalPairCorr
  0.82EABSX Eaton Vance TabsPairCorr
  0.69EADOX Eaton Vance EmergingPairCorr
  0.69EADIX Eaton Vance TaxPairCorr
  0.69EAERX Eaton Vance StockPairCorr
  0.7EAEMX Parametric EmergingPairCorr
  0.68EAEAX Eaton Vance TaxPairCorr
  0.68EAFVX Eaton Vance ValPairCorr
  0.7EAFHX Eaton Vance FloatingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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  0.42 (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  0.04 (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  0.53  0.10  0.09  0.28  0.34 
(0.62)
 1.73 
(1.10)
 3.30 

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