Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Small Cap
ERSGX Fund  USD 14.17  0.06  0.42%   
The current 90-days correlation between Eaton Vance Small and The Tocqueville Fund is 0.82 (i.e., Very poor 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 Small Cap and DJI is 0.86 (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 Small Cap 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 Small Cap. 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 price.

Moving together with Eaton Mutual Fund

  0.84EMAIX Eaton Vance MsschstsPairCorr
  0.64EMOCX Eaton Vance MunicipalPairCorr
  0.68EMOAX Eaton Vance MunicipalPairCorr
  0.68EMOIX Eaton Vance MunicipalPairCorr
  0.98ERASX Eaton Vance AtlantaPairCorr
  0.89ERAMX Eaton Vance MultiPairCorr
  0.9ERBIX Eaton Vance RichardPairCorr
  0.61ERBCX Eaton Vance RichardPairCorr
  0.9ERBAX Eaton Vance RichardPairCorr
  0.91EREMX Eaton Vance ParametricPairCorr
  0.87ERHIX Eaton Vance HighPairCorr
  0.87ERGMX Eaton Vance GlobalPairCorr
  0.92ERIFX Eaton Vance BalancedPairCorr
  0.87ERIBX Eaton Vance IncomePairCorr
  0.87ERISX Parametric Intl EquityPairCorr
  0.92ERLGX Eaton Vance AtlantaPairCorr
  0.95ERLVX Eaton Vance LargePairCorr
  0.88EAAMX Eaton Vance MultiPairCorr
  0.93EAALX Eaton Vance AtlantaPairCorr
  0.95ERSTX Eaton Vance LargePairCorr
  0.98ERSMX Eaton Vance AtlantaPairCorr
  0.77ERSIX Eaton Vance ShortPairCorr
  0.9EABLX Eaton Vance FloatingPairCorr
  0.93EAASX Eaton Vance AtlantaPairCorr
  0.91EACPX Eaton Vance TaxPairCorr
  0.88EACOX Eaton Vance GlobalPairCorr
  0.84EABSX Eaton Vance TabsPairCorr
  0.88EADOX Eaton Vance EmergingPairCorr
  0.9EADIX Eaton Vance TaxPairCorr
  0.93EAERX Eaton Vance StockPairCorr
  0.89EAEMX Parametric EmergingPairCorr
  0.91EAEAX Eaton Vance TaxPairCorr
  0.92EAFVX Eaton Vance ValPairCorr
  0.9EAFHX 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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