Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Floating Rate
ECBLX Fund  USD 8.23  0.01  0.12%   
The current 90-days correlation between Eaton Vance Floating and Qs Large Cap is 0.31 (i.e., Weak 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

Weak diversification

The correlation between Eaton Vance Floating Rate and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Floating Rate 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 Floating Rate. 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

  0.77EMAIX Eaton Vance MsschstsPairCorr
  0.69ERASX Eaton Vance AtlantaPairCorr
  0.64ERAMX Eaton Vance MultiPairCorr
  0.98ERBIX Eaton Vance RichardPairCorr
  0.85ERBCX Eaton Vance RichardPairCorr
  0.98ERBAX Eaton Vance RichardPairCorr
  0.62EREMX Eaton Vance ParametricPairCorr
  0.98ERHIX Eaton Vance HighPairCorr
  0.96ERGMX Eaton Vance GlobalPairCorr
  0.83ERIFX Eaton Vance BalancedPairCorr
  0.62ERIBX Eaton Vance IncomePairCorr
  0.62ERLGX Eaton Vance AtlantaPairCorr
  0.82ERLVX Eaton Vance LargePairCorr
  0.64EAAMX Eaton Vance MultiPairCorr
  0.74EAALX Eaton Vance AtlantaPairCorr
  0.7ERSTX Eaton Vance LargePairCorr
  0.85ERSMX Eaton Vance AtlantaPairCorr
  0.87ERSIX Eaton Vance ShortPairCorr
  0.88ERSGX Eaton Vance SmallPairCorr
  1.0EABLX Eaton Vance FloatingPairCorr
  0.85EAASX Eaton Vance AtlantaPairCorr
  0.66EACOX Eaton Vance GlobalPairCorr
  0.63EABSX Eaton Vance TabsPairCorr
  0.97EADOX Eaton Vance EmergingPairCorr
  0.98EADIX Eaton Vance TaxPairCorr
  0.69EAERX Eaton Vance StockPairCorr
  0.97EAEMX Parametric EmergingPairCorr
  0.85EAEAX Eaton Vance TaxPairCorr
  0.96EAFVX Eaton Vance ValPairCorr
  0.87EAFHX Eaton Vance FloatingPairCorr
  0.7EAFGX Eaton Vance FocusedPairCorr

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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