Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Msschsts
EMAIX Fund  USD 9.81  0.01  0.10%   
The current 90-days correlation between Eaton Vance Msschsts and Pace Municipal Fixed is 0.95 (i.e., Almost no 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

Very good diversification

The correlation between Eaton Vance Msschsts and DJI is -0.39 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Msschsts 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 Msschsts. 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

  0.89EMOCX Eaton Vance MunicipalPairCorr
  0.9EMOAX Eaton Vance MunicipalPairCorr
  0.91EMOIX Eaton Vance MunicipalPairCorr
  0.63EIM Eaton Vance MbfPairCorr
  0.86ENYIX Eaton Vance NewPairCorr
  0.82ERASX Eaton Vance AtlantaPairCorr
  0.94ERAMX Eaton Vance MultiPairCorr
  0.9ERBIX Eaton Vance RichardPairCorr
  0.68ERBCX Eaton Vance RichardPairCorr
  0.68ERBAX Eaton Vance RichardPairCorr
  0.91EREMX Eaton Vance ParametricPairCorr
  0.72ERHIX Eaton Vance HighPairCorr
  0.65ERGMX Eaton Vance GlobalPairCorr
  0.71ERIFX Eaton Vance BalancedPairCorr
  0.7ERIBX Eaton Vance IncomePairCorr
  0.72ERISX Parametric Intl EquityPairCorr
  0.68ERLGX Eaton Vance AtlantaPairCorr
  0.77ERLVX Eaton Vance LargePairCorr
  0.94EAAMX Eaton Vance MultiPairCorr
  0.68EAALX Eaton Vance AtlantaPairCorr
  0.77ERSTX Eaton Vance LargePairCorr
  0.69ERSMX Eaton Vance AtlantaPairCorr
  0.78ERSIX Eaton Vance ShortPairCorr
  0.7ERSGX Eaton Vance SmallPairCorr
  0.9EABLX Eaton Vance FloatingPairCorr
  0.81EAASX Eaton Vance AtlantaPairCorr
  0.66EACPX Eaton Vance TaxPairCorr
  0.9EACOX Eaton Vance GlobalPairCorr
  0.66EACAX Eaton Vance CaliforniaPairCorr
  0.89EABSX Eaton Vance TabsPairCorr
  0.91EADOX Eaton Vance EmergingPairCorr
  0.67EADIX Eaton Vance TaxPairCorr
  0.68EAERX Eaton Vance StockPairCorr
  0.91EAEMX Parametric EmergingPairCorr
  0.71EAEAX Eaton Vance TaxPairCorr
  0.89EAFVX Eaton Vance ValPairCorr
  0.79EAFHX 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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