Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance National
EAMLX Fund  USD 9.75  0.01  0.10%   
The current 90-days correlation between Eaton Vance National and Black Oak Emerging is 0.11 (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 National and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance National 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 National. 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 bureau of economic analysis.

Moving together with Eaton Mutual Fund

  0.92EMAIX Eaton Vance MsschstsPairCorr
  0.62EMOAX Eaton Vance MunicipalPairCorr
  0.65EMOIX Eaton Vance MunicipalPairCorr
  0.81ERASX Eaton Vance AtlantaPairCorr
  0.97ERAMX Eaton Vance MultiPairCorr
  0.94ERBIX Eaton Vance RichardPairCorr
  0.94ERBCX Eaton Vance RichardPairCorr
  0.94ERBAX Eaton Vance RichardPairCorr
  0.95EREMX Eaton Vance ParametricPairCorr
  0.97ERHIX Eaton Vance HighPairCorr
  0.73ERGOX Eaton Vance GovernmentPairCorr
  0.95ERGMX Eaton Vance GlobalPairCorr
  0.95ERIFX Eaton Vance BalancedPairCorr
  0.96ERIBX Eaton Vance IncomePairCorr
  0.93ERISX Parametric Intl EquityPairCorr
  0.86ERLGX Eaton Vance AtlantaPairCorr
  0.93ERLVX Eaton Vance LargePairCorr
  0.97EAAMX Eaton Vance MultiPairCorr
  0.86EAALX Eaton Vance AtlantaPairCorr
  0.93ERSTX Eaton Vance LargePairCorr
  0.8ERSMX Eaton Vance AtlantaPairCorr
  0.94ERSIX Eaton Vance ShortPairCorr
  0.82ERSGX Eaton Vance SmallPairCorr
  0.97EABLX Eaton Vance FloatingPairCorr
  0.81EAASX Eaton Vance AtlantaPairCorr
  0.92EACPX Eaton Vance TaxPairCorr
  0.95EACOX Eaton Vance GlobalPairCorr
  0.97EABSX Eaton Vance TabsPairCorr
  0.95EADOX Eaton Vance EmergingPairCorr
  0.94EADIX Eaton Vance TaxPairCorr
  0.94EAERX Eaton Vance StockPairCorr
  0.94EAEMX Parametric EmergingPairCorr
  0.94EAEAX Eaton Vance TaxPairCorr
  0.92EAFVX Eaton Vance ValPairCorr
  0.96EAFHX 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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