Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Parametric
EREMX Fund  USD 15.94  0.03  0.19%   
The current 90-days correlation between Eaton Vance Parametric and Aig Government Money is -0.15 (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

Poor diversification

The correlation between Eaton Vance Parametric and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Parametric 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 Parametric. 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

  0.88EMAIX Eaton Vance MsschstsPairCorr
  0.68EMOCX Eaton Vance MunicipalPairCorr
  0.72EMOAX Eaton Vance MunicipalPairCorr
  0.72EMOIX Eaton Vance MunicipalPairCorr
  0.68ENYIX Eaton Vance NewPairCorr
  0.93ERASX Eaton Vance AtlantaPairCorr
  0.98ERAMX Eaton Vance MultiPairCorr
  0.98ERBIX Eaton Vance RichardPairCorr
  0.98ERBCX Eaton Vance RichardPairCorr
  0.98ERBAX Eaton Vance RichardPairCorr
  0.98ERHIX Eaton Vance HighPairCorr
  0.97ERGMX Eaton Vance GlobalPairCorr
  0.97ERIFX Eaton Vance BalancedPairCorr
  0.98ERIBX Eaton Vance IncomePairCorr
  0.98ERISX Parametric Intl EquityPairCorr
  0.96ERLGX Eaton Vance AtlantaPairCorr
  0.97ERLVX Eaton Vance LargePairCorr
  0.97EAAMX Eaton Vance MultiPairCorr
  0.96EAALX Eaton Vance AtlantaPairCorr
  0.97ERSTX Eaton Vance LargePairCorr
  0.93ERSMX Eaton Vance AtlantaPairCorr
  0.91ERSIX Eaton Vance ShortPairCorr
  0.93ERSGX Eaton Vance SmallPairCorr
  0.96EABLX Eaton Vance FloatingPairCorr
  0.93EAASX Eaton Vance AtlantaPairCorr
  0.95EACPX Eaton Vance TaxPairCorr
  0.99EACOX Eaton Vance GlobalPairCorr
  0.89EABSX Eaton Vance TabsPairCorr
  0.97EADOX Eaton Vance EmergingPairCorr
  0.98EADIX Eaton Vance TaxPairCorr
  0.97EAERX Eaton Vance StockPairCorr
  1.0EAEMX Parametric EmergingPairCorr
  0.97EAEAX Eaton Vance TaxPairCorr
  0.96EAFVX 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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