Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Growth
EALCX Fund  USD 44.52  0.33  0.75%   
The current 90-days correlation between Eaton Vance Growth and Lord Abbett Diversified is 0.02 (i.e., Significant 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

Good diversification

The correlation between Eaton Vance Growth and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Growth 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 Growth. 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

  0.92EMAIX Eaton Vance MsschstsPairCorr
  0.64EMOAX Eaton Vance MunicipalPairCorr
  0.66EMOIX Eaton Vance MunicipalPairCorr
  0.89ERASX Eaton Vance AtlantaPairCorr
  0.98ERAMX Eaton Vance MultiPairCorr
  0.99ERBIX Eaton Vance RichardPairCorr
  0.99ERBCX Eaton Vance RichardPairCorr
  0.99ERBAX Eaton Vance RichardPairCorr
  0.97EREMX Eaton Vance ParametricPairCorr
  0.97ERHIX Eaton Vance HighPairCorr
  0.96ERGMX Eaton Vance GlobalPairCorr
  0.98ERIFX Eaton Vance BalancedPairCorr
  0.96ERIBX Eaton Vance IncomePairCorr
  0.95ERISX Parametric Intl EquityPairCorr
  0.94ERLGX Eaton Vance AtlantaPairCorr
  0.97ERLVX Eaton Vance LargePairCorr
  0.98EAAMX Eaton Vance MultiPairCorr
  0.94EAALX Eaton Vance AtlantaPairCorr
  0.97ERSTX Eaton Vance LargePairCorr
  0.89ERSMX Eaton Vance AtlantaPairCorr
  0.89ERSIX Eaton Vance ShortPairCorr
  0.91ERSGX Eaton Vance SmallPairCorr
  0.98EABLX Eaton Vance FloatingPairCorr
  0.92EAASX Eaton Vance AtlantaPairCorr
  1.0EACPX Eaton Vance TaxPairCorr
  0.98EACOX Eaton Vance GlobalPairCorr
  0.94EABSX Eaton Vance TabsPairCorr
  0.97EADOX Eaton Vance EmergingPairCorr
  0.99EADIX Eaton Vance TaxPairCorr
  0.98EAERX Eaton Vance StockPairCorr
  0.98EAEMX Parametric EmergingPairCorr
  1.0EAEAX Eaton Vance TaxPairCorr
  0.99EAFVX Eaton Vance ValPairCorr
  0.98EAFHX 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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