Eaton Vance Correlations

ETSIX Fund  USD 6.74  0.01  0.15%   
The current 90-days correlation between Eaton Vance Short and T Rowe Price is 0.36 (i.e., Weak 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

Good diversification

The correlation between Eaton Vance Short and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Short 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 Short. 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 gross domestic product.

Moving together with Eaton Mutual Fund

  0.93EMAIX Eaton Vance MsschstsPairCorr
  0.61EMOCX Eaton Vance MunicipalPairCorr
  0.66EMOAX Eaton Vance MunicipalPairCorr
  0.69EMOIX Eaton Vance MunicipalPairCorr
  0.78ERASX Eaton Vance AtlantaPairCorr
  0.93ERAMX Eaton Vance MultiPairCorr
  0.9ERBIX Eaton Vance RichardPairCorr
  0.9ERBCX Eaton Vance RichardPairCorr
  0.9ERBAX Eaton Vance RichardPairCorr
  0.93EREMX Eaton Vance ParametricPairCorr
  0.95ERHIX Eaton Vance HighPairCorr
  0.84ERGOX Eaton Vance GovernmentPairCorr
  0.94ERGMX Eaton Vance GlobalPairCorr
  0.92ERIFX Eaton Vance BalancedPairCorr
  0.95ERIBX Eaton Vance IncomePairCorr
  0.91ERISX Parametric Intl EquityPairCorr
  0.8ERLGX Eaton Vance AtlantaPairCorr
  0.89ERLVX Eaton Vance LargePairCorr
  0.93EAAMX Eaton Vance MultiPairCorr
  0.79EAALX Eaton Vance AtlantaPairCorr
  0.89ERSTX Eaton Vance LargePairCorr
  0.77ERSMX Eaton Vance AtlantaPairCorr
  1.0ERSIX Eaton Vance ShortPairCorr
  0.76ERSGX Eaton Vance SmallPairCorr
  0.91EABLX Eaton Vance FloatingPairCorr
  0.77EAASX Eaton Vance AtlantaPairCorr
  0.86EACPX Eaton Vance TaxPairCorr
  0.93EACOX Eaton Vance GlobalPairCorr
  0.95EABSX Eaton Vance TabsPairCorr
  0.93EADOX Eaton Vance EmergingPairCorr
  0.9EADIX Eaton Vance TaxPairCorr
  0.9EAERX Eaton Vance StockPairCorr
  0.93EAEMX Parametric EmergingPairCorr
  0.89EAEAX Eaton Vance TaxPairCorr
  0.88EAFVX Eaton Vance ValPairCorr
  0.91EAFHX Eaton Vance FloatingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.