Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Richard
ERBCX Fund  USD 18.97  0.01  0.05%   
The current 90-days correlation between Eaton Vance Richard and Glg Intl Small is 0.06 (i.e., Significant 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

Good diversification

The correlation between Eaton Vance Richard and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Richard 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 Richard. 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

  0.93EMAIX Eaton Vance MsschstsPairCorr
  0.62EMOCX Eaton Vance MunicipalPairCorr
  0.67EMOAX Eaton Vance MunicipalPairCorr
  0.69EMOIX Eaton Vance MunicipalPairCorr
  0.89ERASX Eaton Vance AtlantaPairCorr
  1.0ERBAX Eaton Vance RichardPairCorr
  0.98ERHIX Eaton Vance HighPairCorr
  0.97ERGMX Eaton Vance GlobalPairCorr
  0.98ERIFX Eaton Vance BalancedPairCorr
  0.97ERLVX Eaton Vance LargePairCorr
  0.95EAALX Eaton Vance AtlantaPairCorr
  0.88ERSMX Eaton Vance AtlantaPairCorr
  0.91ERSIX Eaton Vance ShortPairCorr
  0.9ERSGX Eaton Vance SmallPairCorr
  0.98EABLX Eaton Vance FloatingPairCorr
  0.91EAASX Eaton Vance AtlantaPairCorr
  0.99EACPX Eaton Vance TaxPairCorr
  0.97EADOX Eaton Vance EmergingPairCorr
  1.0EADIX Eaton Vance TaxPairCorr
  0.98EAERX Eaton Vance StockPairCorr
  0.98EAEMX Parametric EmergingPairCorr
  0.99EAEAX Eaton Vance TaxPairCorr
  0.99EAFVX Eaton Vance ValPairCorr
  0.99EAFHX Eaton Vance FloatingPairCorr
  0.99EAFAX Eaton Vance FloatingPairCorr
  0.96EAGMX Eaton Vance GlobalPairCorr
  0.96EAGCX Eaton Vance AtlantPairCorr
  0.7EAIIX Eaton Vance DiversifiedPairCorr
  0.8EALDX Eaton Vance ShortPairCorr
  0.99EALCX Eaton Vance GrowthPairCorr
  0.94EALBX Eaton Vance TabsPairCorr
  0.93EALTX Ev Tab LadPairCorr
  0.8EAPCX Parametric CommodityPairCorr
  0.64ESEAX Eaton Vance AtlantaPairCorr

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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