Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Balanced
ERIFX Fund  USD 12.35  0.01  0.08%   
The current 90-days correlation between Eaton Vance Balanced and Eaton Vance Msschsts is 0.26 (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

Very poor diversification

The correlation between Eaton Vance Balanced and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Balanced 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 Balanced. 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 census.

Moving together with Eaton Mutual Fund

  0.94EMAIX Eaton Vance MsschstsPairCorr
  0.62EMOCX Eaton Vance MunicipalPairCorr
  0.66EMOAX Eaton Vance MunicipalPairCorr
  0.68EMOIX Eaton Vance MunicipalPairCorr
  0.91ERASX Eaton Vance AtlantaPairCorr
  0.98ERAMX Eaton Vance MultiPairCorr
  0.98ERBIX Eaton Vance RichardPairCorr
  0.98ERBCX Eaton Vance RichardPairCorr
  0.98ERBAX Eaton Vance RichardPairCorr
  0.98EREMX Eaton Vance ParametricPairCorr
  0.97ERHIX Eaton Vance HighPairCorr
  0.62ERGOX Eaton Vance GovernmentPairCorr
  0.96ERGMX Eaton Vance GlobalPairCorr
  0.97ERIBX Eaton Vance IncomePairCorr
  0.96ERISX Parametric Intl EquityPairCorr
  0.95ERLGX Eaton Vance AtlantaPairCorr
  0.99ERLVX Eaton Vance LargePairCorr
  0.98EAAMX Eaton Vance MultiPairCorr
  0.94EAALX Eaton Vance AtlantaPairCorr
  0.99ERSTX Eaton Vance LargePairCorr
  0.91ERSMX Eaton Vance AtlantaPairCorr
  0.92ERSIX Eaton Vance ShortPairCorr
  0.92ERSGX Eaton Vance SmallPairCorr
  0.97EABLX Eaton Vance FloatingPairCorr
  0.89EAASX Eaton Vance AtlantaPairCorr
  0.97EACPX Eaton Vance TaxPairCorr
  0.97EACOX Eaton Vance GlobalPairCorr
  0.95EABSX Eaton Vance TabsPairCorr
  0.97EADOX Eaton Vance EmergingPairCorr
  0.98EADIX Eaton Vance TaxPairCorr
  1.0EAERX Eaton Vance StockPairCorr
  0.97EAEMX Parametric EmergingPairCorr
  0.98EAEAX Eaton Vance TaxPairCorr
  0.97EAFVX Eaton Vance ValPairCorr
  0.98EAFHX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMAIX  0.11  0.01 (0.74) 0.75  0.00 
(0.16)
 0.21 
(0.20)
 0.72 
EMOCX  0.17  0.01 (0.44)(0.25) 0.14 
(0.24)
 0.37 
(0.36)
 1.47 
EMOAX  0.19  0.02 (0.41)(0.26) 0.17 
(0.24)
 0.45 
(0.36)
 1.66 
EMOIX  0.19  0.02 (0.39)(0.34) 0.15 
(0.25)
 0.46 
(0.36)
 1.66 
EIM  0.42 (0.04)(0.16) 0.02  0.64 
(0.45)
 0.86 
(1.02)
 3.21 
ENYIX  0.16 (0.01)(0.49)(0.14) 0.19 
(0.21)
 0.44 
(0.33)
 1.21 
ERASX  0.74  0.00 (0.01) 0.13  0.85 
(0.80)
 1.59 
(1.57)
 5.35 
ERAMX  0.12  0.06 (0.59)(5.01) 0.00 
(0.21)
 0.42 
(0.10)
 0.81 
ERBIX  0.53  0.22  0.11 (2.97) 0.32 
(0.61)
 1.74 
(1.07)
 3.26 
ERBCX  0.53  0.22  0.10 (2.89) 0.34 
(0.62)
 1.73 
(1.10)
 3.30 

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