Eaton Vance Correlations

EAGIX Fund

USD 8.62 0.01 0.12%

The current 90-days correlation between Eaton Vance Core and Jhancock Diversified Macro 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

Average diversification

The correlation between Eaton Vance Core and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Core 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 Core. 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

0.91	VBTLX	Vanguard Total Bond	Pair Corr
1.0	VBMFX	Vanguard Total Bond	Pair Corr
1.0	VBTIX	Vanguard Total Bond	Pair Corr
1.0	VTBSX	Vanguard Total Bond	Pair Corr
1.0	VTBIX	Vanguard Total Bond	Pair Corr
1.0	VTBNX	Vanguard Total Bond	Pair Corr
1.0	FBOFX	American Funds	Pair Corr
1.0	FFBOX	American Funds	Pair Corr
1.0	BFAFX	Bond Fund	Pair Corr
0.69	ABNDX	Bond Fund	Pair Corr
0.89	UGPIX	Ultrachina Profund	Pair Corr
0.89	UGPSX	Ultrachina Profund	Pair Corr
0.79	PMPIX	Precious Metals Ultr	Pair Corr
0.65	GE	GE Aerospace	Pair Corr
0.96	JNJ	Johnson Johnson	Pair Corr
0.83	VZ	Verizon Communications	Pair Corr
0.76	T	ATT Inc Earnings Call This Week	Pair Corr
0.75	KO	Coca Cola	Pair Corr
0.72	TRV	The Travelers Companies	Pair Corr

Moving against Eaton Mutual Fund

0.43	CISGX	Touchstone Sands Capital	Pair Corr
0.6	AA	Alcoa Corp	Pair Corr
0.55	MSFT	Microsoft	Pair Corr
0.55	AXP	American Express	Pair Corr
0.51	BAC	Bank of America	Pair Corr
0.41	HD	Home Depot	Pair Corr
0.35	BA	Boeing	Pair Corr

Related Correlations Analysis

	JDJRX	PGBAX	LIGFX	ACDOX	PHTTX
JDJRX		0.42	0.76	0.25	0.67	JDJRX
PGBAX	0.42		0.7	0.96	0.66	PGBAX
LIGFX	0.76	0.7		0.52	0.98	LIGFX
ACDOX	0.25	0.96	0.52		0.48	ACDOX
PHTTX	0.67	0.66	0.98	0.48		PHTTX
	JDJRX	PGBAX	LIGFX	ACDOX	PHTTX

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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
JDJRX	0.33	0.00	0.14	(0.02)	0.39	(0.41)	0.66	(0.75)	2.62
PGBAX	0.14	0.01	0.40	0.13	0.07	(0.18)	0.34	(0.25)	0.85
LIGFX	0.32	0.01	0.00	(0.03)	0.00	0.00	0.55	(0.67)	1.75
ACDOX	0.24	0.02	0.27	0.35	0.21	(0.30)	0.55	(0.43)	1.46
PHTTX	0.35	0.00	0.00	(0.07)	0.00	0.00	0.67	(0.67)	1.95

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