Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Emerging
EEICX Fund  USD 3.44  0.01  0.29%   
The current 90-days correlation between Eaton Vance Emerging and John Hancock Financial is 0.12 (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

Modest diversification

The correlation between Eaton Vance Emerging and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Emerging 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 Emerging. 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

  0.81EMAIX Eaton Vance MsschstsPairCorr
  0.64ERASX Eaton Vance AtlantaPairCorr
  0.65ERAMX Eaton Vance MultiPairCorr
  0.94ERBIX Eaton Vance RichardPairCorr
  0.66ERBCX Eaton Vance RichardPairCorr
  0.94ERBAX Eaton Vance RichardPairCorr
  0.64EREMX Eaton Vance ParametricPairCorr
  0.96ERHIX Eaton Vance HighPairCorr
  0.96ERGMX Eaton Vance GlobalPairCorr
  0.81ERIFX Eaton Vance BalancedPairCorr
  0.66ERIBX Eaton Vance IncomePairCorr
  0.8ERLVX Eaton Vance LargePairCorr
  0.66EAAMX Eaton Vance MultiPairCorr
  0.69EAALX Eaton Vance AtlantaPairCorr
  0.69ERSTX Eaton Vance LargePairCorr
  0.75ERSMX Eaton Vance AtlantaPairCorr
  0.96ERSIX Eaton Vance ShortPairCorr
  0.76ERSGX Eaton Vance SmallPairCorr
  0.93EABLX Eaton Vance FloatingPairCorr
  0.75EAASX Eaton Vance AtlantaPairCorr
  0.89EACPX Eaton Vance TaxPairCorr
  0.67EACOX Eaton Vance GlobalPairCorr
  0.67EABSX Eaton Vance TabsPairCorr
  0.95EADOX Eaton Vance EmergingPairCorr
  0.94EADIX Eaton Vance TaxPairCorr
  0.69EAERX Eaton Vance StockPairCorr
  0.95EAEMX Parametric EmergingPairCorr
  0.85EAEAX Eaton Vance TaxPairCorr
  0.9EAFVX Eaton Vance ValPairCorr
  0.87EAFHX 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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