Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Atlanta
ERSMX Fund  USD 32.47  0.05  0.15%   
The current 90-days correlation between Eaton Vance Atlanta and L Abbett Growth is 0.61 (i.e., 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 Atlanta and DJI is 0.89 (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 Atlanta 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 Atlanta. 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

  0.85EMAIX Eaton Vance MsschstsPairCorr
  0.7EMOAX Eaton Vance MunicipalPairCorr
  0.7EMOIX Eaton Vance MunicipalPairCorr
  1.0ERASX Eaton Vance AtlantaPairCorr
  0.88ERBCX Eaton Vance RichardPairCorr
  0.88ERBAX Eaton Vance RichardPairCorr
  0.85ERHIX Eaton Vance HighPairCorr
  0.91ERIFX Eaton Vance BalancedPairCorr
  0.93ERLVX Eaton Vance LargePairCorr
  0.79ERSIX Eaton Vance ShortPairCorr
  0.88EABLX Eaton Vance FloatingPairCorr
  0.95EAASX Eaton Vance AtlantaPairCorr
  0.87EADOX Eaton Vance EmergingPairCorr
  0.88EADIX Eaton Vance TaxPairCorr
  0.89EAEMX Parametric EmergingPairCorr
  0.9EAEAX Eaton Vance TaxPairCorr
  0.91EAFVX Eaton Vance ValPairCorr
  0.89EAFHX Eaton Vance FloatingPairCorr
  0.89EALCX Eaton Vance GrowthPairCorr
  0.82EALBX Eaton Vance TabsPairCorr
  0.84EALTX Ev Tab LadPairCorr
  0.65EAPCX Parametric CommodityPairCorr
  0.85ESEAX Eaton Vance AtlantaPairCorr
  0.87EARAX Eaton Vance RichardPairCorr
  0.84ESECX Eaton Vance AtlantaPairCorr
  0.9EATVX Eaton Vance TaxPairCorr
  0.86ESHAX Eaton Vance ShortPairCorr
  0.78ESIIX Eaton Vance ShortPairCorr
  0.69EBABX Eaton Vance EPairCorr
  0.68ETAZX Eaton Vance ArizonaPairCorr
  0.79ETGIX Eaton Vance GreaterPairCorr
  0.71ETMOX Eaton Vance MissouriPairCorr
  0.93ETMGX Eaton Vance TaxPairCorr

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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