Eaton Vance Correlations

EACOX Fund  USD 15.02  0.02  0.13%   
The current 90-days correlation between Eaton Vance Global and Ab Bond Inflation is 0.07 (i.e., Significant 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

Significant diversification

The correlation between Eaton Vance Global and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Global 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 Global. 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 persons.

Moving together with Eaton Mutual Fund

  0.66EMAIX Eaton Vance MsschstsPairCorr
  0.91EREMX Eaton Vance ParametricPairCorr
  0.77ERGOX Eaton Vance GovernmentPairCorr
  0.84ERGMX Eaton Vance GlobalPairCorr
  0.91ERISX Parametric Intl EquityPairCorr
  0.81ERSIX Eaton Vance ShortPairCorr
  0.69EABSX Eaton Vance TabsPairCorr
  0.78EADOX Eaton Vance EmergingPairCorr
  0.91EAEMX Parametric EmergingPairCorr

Moving against Eaton Mutual Fund

  0.48ERASX Eaton Vance AtlantaPairCorr
  0.42EIM Eaton Vance MbfPairCorr
  0.4ERBCX Eaton Vance RichardPairCorr
  0.38ERBAX Eaton Vance RichardPairCorr
  0.37ERBIX Eaton Vance RichardPairCorr
  0.32ERIFX Eaton Vance BalancedPairCorr
  0.71ERSMX Eaton Vance AtlantaPairCorr
  0.71EAASX Eaton Vance AtlantaPairCorr
  0.59EACPX Eaton Vance TaxPairCorr
  0.54ERSGX Eaton Vance SmallPairCorr
  0.57EALCX Eaton Vance GrowthPairCorr
  0.54EAFGX Eaton Vance FocusedPairCorr
  0.46EAERX Eaton Vance StockPairCorr
  0.41EAEAX 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.