Parametric International Correlations

Mutual Funds . USA . 
Fund . Parametric International Equity
EAISX Fund  USD 16.53  0.01  0.06%   
The current 90-days correlation between Parametric International and Icon Natural Resources is 0.44 (i.e., Very weak diversification). The correlation of Parametric International 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.

Parametric International Correlation With Market

Weak diversification

The correlation between Parametric International Equit and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Parametric International Equit 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 Parametric International Equity. 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 state.

Moving together with Parametric Mutual Fund

  0.91EMAIX Eaton Vance MsschstsPairCorr
  0.61EMOIX Eaton Vance MunicipalPairCorr
  0.84ERASX Eaton Vance AtlantaPairCorr
  0.97ERAMX Eaton Vance MultiPairCorr
  0.98ERBIX Eaton Vance RichardPairCorr
  0.98ERBCX Eaton Vance RichardPairCorr
  0.98ERBAX Eaton Vance RichardPairCorr
  0.97EREMX Eaton Vance ParametricPairCorr
  0.97ERHIX Eaton Vance HighPairCorr
  0.96ERGMX Eaton Vance GlobalPairCorr
  0.96ERIFX Eaton Vance BalancedPairCorr
  0.97ERIBX Eaton Vance IncomePairCorr
  1.0ERISX Parametric Intl EquityPairCorr
  0.95ERLGX Eaton Vance AtlantaPairCorr
  0.95ERLVX Eaton Vance LargePairCorr
  0.98EAAMX Eaton Vance MultiPairCorr
  0.95EAALX Eaton Vance AtlantaPairCorr
  0.95ERSTX Eaton Vance LargePairCorr
  0.84ERSMX Eaton Vance AtlantaPairCorr
  0.91ERSIX Eaton Vance ShortPairCorr
  0.87ERSGX Eaton Vance SmallPairCorr
  0.96EABLX Eaton Vance FloatingPairCorr
  0.84EAASX Eaton Vance AtlantaPairCorr
  0.94EACPX Eaton Vance TaxPairCorr
  0.96EACOX Eaton Vance GlobalPairCorr
  0.95EABSX Eaton Vance TabsPairCorr
  0.96EADOX Eaton Vance EmergingPairCorr
  0.98EADIX Eaton Vance TaxPairCorr
  0.96EAERX Eaton Vance StockPairCorr
  0.97EAEMX Parametric EmergingPairCorr
  0.96EAEAX Eaton Vance TaxPairCorr
  0.95EAFVX Eaton Vance ValPairCorr
  0.97EAFHX Eaton Vance FloatingPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Parametric Mutual Fund performing well and Parametric International 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 Parametric International'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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