Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Short
EALDX Fund  USD 7.30  0.01  0.14%   
The current 90-days correlation between Eaton Vance Short and Eaton Vance Msschsts is 0.13 (i.e., Average 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

Significant diversification

The correlation between Eaton Vance Short and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Short 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 Short. 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 unemployment.

Moving together with Eaton Mutual Fund

  0.88EMAIX Eaton Vance MsschstsPairCorr
  0.62EMOAX Eaton Vance MunicipalPairCorr
  0.66EMOIX Eaton Vance MunicipalPairCorr
  0.67ERASX Eaton Vance AtlantaPairCorr
  0.85ERAMX Eaton Vance MultiPairCorr
  0.8ERBIX Eaton Vance RichardPairCorr
  0.8ERBCX Eaton Vance RichardPairCorr
  0.8ERBAX Eaton Vance RichardPairCorr
  0.83EREMX Eaton Vance ParametricPairCorr
  0.87ERHIX Eaton Vance HighPairCorr
  0.93ERGOX Eaton Vance GovernmentPairCorr
  0.83ERGMX Eaton Vance GlobalPairCorr
  0.82ERIFX Eaton Vance BalancedPairCorr
  0.87ERIBX Eaton Vance IncomePairCorr
  0.81ERISX Parametric Intl EquityPairCorr
  0.68ERLGX Eaton Vance AtlantaPairCorr
  0.79ERLVX Eaton Vance LargePairCorr
  0.86EAAMX Eaton Vance MultiPairCorr
  0.68EAALX Eaton Vance AtlantaPairCorr
  0.79ERSTX Eaton Vance LargePairCorr
  0.66ERSMX Eaton Vance AtlantaPairCorr
  0.94ERSIX Eaton Vance ShortPairCorr
  0.64ERSGX Eaton Vance SmallPairCorr
  0.83EABLX Eaton Vance FloatingPairCorr
  0.65EAASX Eaton Vance AtlantaPairCorr
  0.75EACPX Eaton Vance TaxPairCorr
  0.82EACOX Eaton Vance GlobalPairCorr
  0.9EABSX Eaton Vance TabsPairCorr
  0.82EADOX Eaton Vance EmergingPairCorr
  0.79EADIX Eaton Vance TaxPairCorr
  0.8EAERX Eaton Vance StockPairCorr
  0.82EAEMX Parametric EmergingPairCorr
  0.79EAEAX Eaton Vance TaxPairCorr
  0.78EAFVX Eaton Vance ValPairCorr
  0.82EAFHX 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  0.17  0.01 (0.44)(0.25) 0.14 
(0.24)
 0.37 
(0.36)
 1.47 
EMOAX  0.19  0.02 (0.41)(0.26) 0.17 
(0.24)
 0.45 
(0.36)
 1.66 
EMOIX  0.19  0.02 (0.39)(0.34) 0.15 
(0.25)
 0.46 
(0.36)
 1.66 
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  0.06 (0.59)(5.01) 0.00 
(0.21)
 0.42 
(0.10)
 0.81 
ERBIX  0.53  0.22  0.11 (2.97) 0.32 
(0.61)
 1.74 
(1.07)
 3.26 
ERBCX  0.53  0.22  0.10 (2.89) 0.34 
(0.62)
 1.73 
(1.10)
 3.30 

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