Eaton Vance Correlations

Funds . USA . 
Fund . Eaton Vance Risk
ETJ Fund  USD 8.91  0.02  0.22%   
The current 90-days correlation between Eaton Vance Risk and Eaton Vance Tax is 0.79 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eaton Vance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eaton Vance Risk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eaton Vance Correlation With Market

Very weak diversification

The correlation between Eaton Vance Risk and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Risk 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 Risk. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Eaton Fund

  0.76NHS Neuberger Berman HighPairCorr
  0.96REMAX Emerging MarketsPairCorr
  0.96GGKPX Goldman Sachs IncomePairCorr
  0.98TADAX Transamerica GrowthPairCorr
  0.91PDHCX Prudential EmergingPairCorr
  0.96FPTPX American Funds ConsePairCorr
  0.97USMIX Extended Market IndexPairCorr
  0.93AVANX Avantis InternationalPairCorr
  0.9PGJQX Prudential JennisonPairCorr
  0.97FPURX Fidelity PuritanPairCorr
  0.97LICOX Lord Abbett InternationalPairCorr
  0.97FGRIX Fidelity Growth IncomePairCorr
  0.97CBDYX Columbia BalancedPairCorr
  0.93NARAX Virtus Multi SectorPairCorr
  0.9SMBPX Municipal Bond PortfolioPairCorr
  0.66TLCDX Transamerica FundsPairCorr
  0.96AMFFX American MutualPairCorr
  0.98JAKZX Jpmorgan SmartretirementPairCorr
  0.97SFGIX Seafarer Overseas GrowthPairCorr
  0.97EIVFX Wells Fargo IntrinsicPairCorr
  0.97BWLIX American Beacon BridgewayPairCorr
  0.9NWJUX Nationwide Highmark ShortPairCorr
  0.97DODBX Dodge BalancedPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.93JSVDX Perkins Select ValuePairCorr
  0.97RWIFX Capital World GrowthPairCorr
  0.97SSAJX State Street TargetPairCorr
  0.98GMHYX Mydestination 2035PairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.98FNPFX New PerspectivePairCorr
  0.96JIASX Income AllocationPairCorr
  0.97LOVLX Lord Abbett MidPairCorr
  0.96DDFIX Invesco DiversifiedPairCorr
  0.81MFBFX Mfs Porate BondPairCorr
  0.97TCSIX Tiaa Cref LifestylePairCorr
  0.81DODLX Dodge Global BondPairCorr
  0.97RYTIX Technology Fund InvestorPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Eaton Fund performing well and Eaton Vance 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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