Eaton Vance Correlations

EIM Fund

USD 9.84 0.01 0.10%

The current 90-days correlation between Eaton Vance Mbf and Us Government Securities is 0.41 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eaton Vance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eaton Vance Mbf moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eaton Vance Correlation With Market

Good diversification

The correlation between Eaton Vance Mbf and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Mbf 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 Mbf. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Related Correlations Analysis

	RGVAX	SSAGX	FISAX	SIGVX	USGFX	RGVEX	UGSDX	SMAAX
RGVAX		0.72	0.74	0.73	0.99	0.99	0.44	0.83	RGVAX
SSAGX	0.72		0.97	0.99	0.78	0.77	0.89	0.82	SSAGX
FISAX	0.74	0.97		0.98	0.81	0.79	0.83	0.79	FISAX
SIGVX	0.73	0.99	0.98		0.79	0.78	0.87	0.83	SIGVX
USGFX	0.99	0.78	0.81	0.79		1.0	0.51	0.86	USGFX
RGVEX	0.99	0.77	0.79	0.78	1.0		0.51	0.86	RGVEX
UGSDX	0.44	0.89	0.83	0.87	0.51	0.51		0.69	UGSDX
SMAAX	0.83	0.82	0.79	0.83	0.86	0.86	0.69		SMAAX
	RGVAX	SSAGX	FISAX	SIGVX	USGFX	RGVEX	UGSDX	SMAAX

Risk-Adjusted Indicators

There is a big difference between Eaton Fund performing well and Eaton Vance 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RGVAX	0.15	0.02	(0.01)	(1.10)	0.02	(0.19)	0.33	(0.25)	0.91
SSAGX	0.05	0.01	0.00	(1.49)	0.00	0.00	0.10	(0.10)	0.51
FISAX	0.06	0.01	(0.07)	2.05	0.00	(0.24)	0.13	(0.13)	0.67
SIGVX	0.07	0.01	(0.06)	(0.89)	0.00	(0.16)	0.10	(0.10)	0.51
USGFX	0.16	0.02	0.00	(1.21)	0.00	(0.20)	0.33	(0.25)	0.91
RGVEX	0.16	0.02	0.00	(1.27)	0.00	(0.19)	0.33	(0.25)	0.91
UGSDX	0.03	0.01	0.00	(0.34)	0.00	0.00	0.00	0.00	0.52
SMAAX	0.09	0.02	0.03	(15.89)	0.00	(0.15)	0.20	(0.10)	0.59

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Eaton Vance Correlations

Eaton Vance Correlation With Market

Good diversification

Related Correlations Analysis

Risk-Adjusted Indicators

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