Eaton Vance Correlations
| EAFHX Fund | USD 8.18 0.01 0.12% |
The current 90-days correlation between Eaton Vance Floating and Oppenheimer International Diversified is 0.11 (i.e., Average 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 Floating Rate and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Floating Rate and DJI in the same portfolio, assuming nothing else is changed.
Eaton |
Moving together with Eaton Mutual Fund
| 0.75 | EMAIX | Eaton Vance Msschsts | PairCorr |
| 0.67 | EMOCX | Eaton Vance Municipal | PairCorr |
| 0.69 | EMOAX | Eaton Vance Municipal | PairCorr |
| 0.71 | EMOIX | Eaton Vance Municipal | PairCorr |
| 0.63 | ENYIX | Eaton Vance New | PairCorr |
| 0.93 | ERAMX | Eaton Vance Multi | PairCorr |
| 0.86 | ERHIX | Eaton Vance High | PairCorr |
| 0.64 | ERGMX | Eaton Vance Global | PairCorr |
| 0.81 | ERIBX | Eaton Vance Income | PairCorr |
| 0.75 | ERHSX | Eaton Vance Worldwide | PairCorr |
| 0.89 | EAAMX | Eaton Vance Multi | PairCorr |
| 0.98 | EABLX | Eaton Vance Floating | PairCorr |
| 0.68 | EABSX | Eaton Vance Tabs | PairCorr |
| 0.72 | EADOX | Eaton Vance Emerging | PairCorr |
| 0.65 | EADIX | Eaton Vance Tax | PairCorr |
Related Correlations Analysis
| 0.74 | 0.73 | 0.77 | 0.66 | 0.85 | OIDAX | ||
| 0.74 | 0.86 | 0.8 | 0.84 | 0.83 | MNDWX | ||
| 0.73 | 0.86 | 0.89 | 0.96 | 0.83 | DIFIX | ||
| 0.77 | 0.8 | 0.89 | 0.78 | 0.93 | BICPX | ||
| 0.66 | 0.84 | 0.96 | 0.78 | 0.72 | ACBPX | ||
| 0.85 | 0.83 | 0.83 | 0.93 | 0.72 | PGFCX | ||
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OIDAX | 0.71 | (0.04) | 0.00 | 0.17 | 0.00 | 1.42 | 5.03 | |||
| MNDWX | 0.12 | (0.01) | 0.00 | (3.64) | 0.00 | 0.20 | 0.96 | |||
| DIFIX | 0.28 | 0.01 | 0.01 | 0.02 | 0.35 | 0.58 | 1.51 | |||
| BICPX | 0.24 | 0.00 | (0.01) | (0.01) | 0.30 | 0.54 | 1.55 | |||
| ACBPX | 0.25 | 0.01 | 0.02 | 0.31 | 0.23 | 0.56 | 1.23 | |||
| PGFCX | 0.30 | (0.01) | (0.02) | 0.05 | 0.39 | 0.67 | 1.75 |