Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance International
EILIX Fund  USD 13.98  0.03  0.21%   
The current 90-days correlation between Eaton Vance International and Fbanjx is 0.48 (i.e., Very 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 International and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance International 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 International. 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 gross domestic product.

Moving together with Eaton Mutual Fund

  0.87EMAIX Eaton Vance MsschstsPairCorr
  0.84ERASX Eaton Vance AtlantaPairCorr
  0.96ERAMX Eaton Vance MultiPairCorr
  0.97ERBIX Eaton Vance RichardPairCorr
  0.97ERBCX Eaton Vance RichardPairCorr
  0.97ERBAX Eaton Vance RichardPairCorr
  0.95EREMX Eaton Vance ParametricPairCorr
  0.95ERHIX Eaton Vance HighPairCorr
  0.95ERGMX Eaton Vance GlobalPairCorr
  0.95ERIFX Eaton Vance BalancedPairCorr
  0.95ERIBX Eaton Vance IncomePairCorr
  0.99ERISX Parametric Intl EquityPairCorr
  0.96ERLGX Eaton Vance AtlantaPairCorr
  0.95ERLVX Eaton Vance LargePairCorr
  0.96EAAMX Eaton Vance MultiPairCorr
  0.96EAALX Eaton Vance AtlantaPairCorr
  0.95ERSTX Eaton Vance LargePairCorr
  0.83ERSMX Eaton Vance AtlantaPairCorr
  0.87ERSIX Eaton Vance ShortPairCorr
  0.88ERSGX Eaton Vance SmallPairCorr
  0.96EABLX Eaton Vance FloatingPairCorr
  0.83EAASX Eaton Vance AtlantaPairCorr
  0.94EACPX Eaton Vance TaxPairCorr
  0.94EACOX Eaton Vance GlobalPairCorr
  0.91EABSX Eaton Vance TabsPairCorr
  0.95EADOX Eaton Vance EmergingPairCorr
  0.97EADIX Eaton Vance TaxPairCorr
  0.95EAERX Eaton Vance StockPairCorr
  0.95EAEMX Parametric EmergingPairCorr
  0.95EAEAX Eaton Vance TaxPairCorr
  0.94EAFVX 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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