Parametric International Correlations

EAISX Fund

USD 14.92 0.04 0.27%

The current 90-days correlation between Parametric International and Pace Large Value is 0.63 (i.e., Poor diversification). The correlation of Parametric International 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.

Parametric International Correlation With Market

Very weak diversification

The correlation between Parametric International Equit and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Parametric International Equit 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 Parametric International Equity. 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 state.

Moving together with Parametric Mutual Fund

0.67	ERAMX	Eaton Vance Multi	Pair Corr
0.92	ERGOX	Eaton Vance Government	Pair Corr
0.64	ERHSX	Eaton Vance Worldwide	Pair Corr
1.0	ERISX	Parametric Intl Equity	Pair Corr
0.63	EAAMX	Eaton Vance Multi	Pair Corr
0.96	ERSIX	Eaton Vance Short	Pair Corr
0.9	EACOX	Eaton Vance Global	Pair Corr
0.82	EABSX	Eaton Vance Tabs	Pair Corr
0.9	EADOX	Eaton Vance Emerging	Pair Corr
0.9	EAEMX	Parametric Emerging	Pair Corr
0.96	EAGMX	Eaton Vance Global	Pair Corr
0.96	EALDX	Eaton Vance Short	Pair Corr
0.69	EALBX	Eaton Vance Tabs	Pair Corr
0.62	EALTX	Ev Tab Lad	Pair Corr
0.91	EAMLX	Eaton Vance National	Pair Corr
0.78	EAPCX	Parametric Commodity	Pair Corr
0.94	EARRX	Eaton Vance Short	Pair Corr

Moving against Parametric Mutual Fund

0.75	EAASX	Eaton Vance Atlanta	Pair Corr
0.54	EAERX	Eaton Vance Stock	Pair Corr
0.52	ERBCX	Eaton Vance Richard	Pair Corr
0.5	ERBIX	Eaton Vance Richard	Pair Corr
0.5	ERBAX	Eaton Vance Richard	Pair Corr
0.44	EIM	Eaton Vance Mbf	Pair Corr
0.44	EAEAX	Eaton Vance Tax	Pair Corr
0.64	EAFGX	Eaton Vance Focused	Pair Corr
0.49	ESEAX	Eaton Vance Atlanta	Pair Corr
0.49	ESEIX	Eaton Vance Atlanta	Pair Corr

Related Correlations Analysis

	PCLVX	PCPAX	LTFOX	TALCX	TACLX	CBLSX	GMLVX
PCLVX		1.0	0.64	0.68	0.74	0.86	0.73	PCLVX
PCPAX	1.0		0.64	0.68	0.74	0.87	0.72	PCPAX
LTFOX	0.64	0.64		0.89	0.84	0.85	0.26	LTFOX
TALCX	0.68	0.68	0.89		0.67	0.93	0.21	TALCX
TACLX	0.74	0.74	0.84	0.67		0.77	0.51	TACLX
CBLSX	0.86	0.87	0.85	0.93	0.77		0.44	CBLSX
GMLVX	0.73	0.72	0.26	0.21	0.51	0.44		GMLVX
	PCLVX	PCPAX	LTFOX	TALCX	TACLX	CBLSX	GMLVX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Parametric Mutual Fund performing well and Parametric International 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 Parametric International'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
PCLVX	0.59	0.10	0.15	0.07	0.62	(0.67)	1.24	(1.23)	3.17
PCPAX	0.58	0.09	0.15	0.07	0.61	(0.68)	1.23	(1.27)	3.20
LTFOX	0.67	0.01	0.08	(0.25)	0.83	(0.70)	1.49	(1.44)	3.58
TALCX	0.62	0.01	0.00	(0.04)	0.00	0.00	1.36	(1.36)	3.68
TACLX	0.62	0.04	0.12	(0.46)	0.74	(0.63)	1.28	(1.14)	3.10
CBLSX	0.61	0.05	0.07	0.00	0.74	(0.64)	1.25	(1.25)	3.20
GMLVX	0.72	0.05	0.07	0.04	0.94	(0.75)	1.57	(1.64)	5.51

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