Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Diversified
EIIMX Fund  USD 6.80  0.02  0.29%   
The current 90-days correlation between Eaton Vance Diversified and Pace High Yield is -0.18 (i.e., Good 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 Diversified and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Diversified 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 Diversified. 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

  0.8EMAIX Eaton Vance MsschstsPairCorr
  0.63EMOIX Eaton Vance MunicipalPairCorr
  0.75ERAMX Eaton Vance MultiPairCorr
  0.7ERBIX Eaton Vance RichardPairCorr
  0.7ERBCX Eaton Vance RichardPairCorr
  0.7ERBAX Eaton Vance RichardPairCorr
  0.75EREMX Eaton Vance ParametricPairCorr
  0.78ERHIX Eaton Vance HighPairCorr
  0.91ERGOX Eaton Vance GovernmentPairCorr
  0.77ERGMX Eaton Vance GlobalPairCorr
  0.72ERIFX Eaton Vance BalancedPairCorr
  0.79ERIBX Eaton Vance IncomePairCorr
  0.75ERISX Parametric Intl EquityPairCorr
  0.68ERLVX Eaton Vance LargePairCorr
  0.75EAAMX Eaton Vance MultiPairCorr
  0.68ERSTX Eaton Vance LargePairCorr
  0.91ERSIX Eaton Vance ShortPairCorr
  0.71EABLX Eaton Vance FloatingPairCorr
  0.62EACPX Eaton Vance TaxPairCorr
  0.74EACOX Eaton Vance GlobalPairCorr
  0.81EABSX Eaton Vance TabsPairCorr
  0.74EADOX Eaton Vance EmergingPairCorr
  0.7EADIX Eaton Vance TaxPairCorr
  0.69EAERX Eaton Vance StockPairCorr
  0.75EAEMX Parametric EmergingPairCorr
  0.67EAEAX Eaton Vance TaxPairCorr
  0.66EAFVX Eaton Vance ValPairCorr
  0.71EAFHX 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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