Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Dividend
ECTMX Fund  USD 16.97  0.03  0.18%   
The current 90-days correlation between Eaton Vance Dividend and Prudential California Muni is 0.09 (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

Almost no diversification

The correlation between Eaton Vance Dividend and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Dividend 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 Dividend. 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 population.

Moving together with Eaton Mutual Fund

  0.93EMAIX Eaton Vance MsschstsPairCorr
  0.61EMOAX Eaton Vance MunicipalPairCorr
  0.63EMOIX Eaton Vance MunicipalPairCorr
  0.93ERASX Eaton Vance AtlantaPairCorr
  0.98ERAMX Eaton Vance MultiPairCorr
  0.99ERBIX Eaton Vance RichardPairCorr
  0.99ERBCX Eaton Vance RichardPairCorr
  0.99ERBAX Eaton Vance RichardPairCorr
  0.98EREMX Eaton Vance ParametricPairCorr
  0.98ERHIX Eaton Vance HighPairCorr
  0.61ERGOX Eaton Vance GovernmentPairCorr
  0.97ERGMX Eaton Vance GlobalPairCorr
  0.99ERIFX Eaton Vance BalancedPairCorr
  0.98ERIBX Eaton Vance IncomePairCorr
  0.95ERISX Parametric Intl EquityPairCorr
  0.93ERLGX Eaton Vance AtlantaPairCorr
  0.99ERLVX Eaton Vance LargePairCorr
  0.98EAAMX Eaton Vance MultiPairCorr
  0.93EAALX Eaton Vance AtlantaPairCorr
  0.99ERSTX Eaton Vance LargePairCorr
  0.93ERSMX Eaton Vance AtlantaPairCorr
  0.93ERSIX Eaton Vance ShortPairCorr
  0.93ERSGX Eaton Vance SmallPairCorr
  0.98EABLX Eaton Vance FloatingPairCorr
  0.93EAASX Eaton Vance AtlantaPairCorr
  0.98EACPX Eaton Vance TaxPairCorr
  0.98EACOX Eaton Vance GlobalPairCorr
  0.95EABSX Eaton Vance TabsPairCorr
  0.97EADOX Eaton Vance EmergingPairCorr
  0.99EADIX Eaton Vance TaxPairCorr
  0.99EAERX Eaton Vance StockPairCorr
  0.98EAEMX Parametric EmergingPairCorr
  0.99EAEAX 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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