Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Global
ERGMX Fund  USD 8.64  0.01  0.12%   
The current 90-days correlation between Eaton Vance Global and Cornerstone Moderately Aggressive is 0.28 (i.e., Modest 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

Average diversification

The correlation between Eaton Vance Global and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Global 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 Global. 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

  0.71ERASX Eaton Vance AtlantaPairCorr
  0.95ERAMX Eaton Vance MultiPairCorr
  0.88ERBIX Eaton Vance RichardPairCorr
  0.88ERBCX Eaton Vance RichardPairCorr
  0.88ERBAX Eaton Vance RichardPairCorr
  0.92EREMX Eaton Vance ParametricPairCorr
  0.94ERHIX Eaton Vance HighPairCorr
  0.89ERIFX Eaton Vance BalancedPairCorr
  0.94ERIBX Eaton Vance IncomePairCorr
  0.9ERISX Parametric Intl EquityPairCorr
  0.89ERLGX Eaton Vance AtlantaPairCorr
  0.73ERLVX Eaton Vance LargePairCorr
  0.95EAAMX Eaton Vance MultiPairCorr
  0.9EAALX Eaton Vance AtlantaPairCorr
  0.72ERSTX Eaton Vance LargePairCorr
  0.7ERSMX Eaton Vance AtlantaPairCorr
  0.9ERSIX Eaton Vance ShortPairCorr
  0.67ERSGX Eaton Vance SmallPairCorr
  0.93EABLX Eaton Vance FloatingPairCorr
  0.72EAASX Eaton Vance AtlantaPairCorr
  0.85EACPX Eaton Vance TaxPairCorr
  0.92EACOX Eaton Vance GlobalPairCorr
  0.93EADOX Eaton Vance EmergingPairCorr
  0.88EADIX Eaton Vance TaxPairCorr
  0.89EAERX Eaton Vance StockPairCorr
  0.94EAEMX Parametric EmergingPairCorr
  0.83EAEAX Eaton Vance TaxPairCorr
  0.64EAFVX Eaton Vance ValPairCorr
  0.94EAFHX 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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