Eaton Vance Correlations

ECAMX Fund  USD 9.91  0.01  0.10%   
The current 90-days correlation between Eaton Vance Multi and Jhancock Diversified Macro is -0.05 (i.e., Good 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 Multi Strategy and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Multi Strategy 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 Multi Strategy. 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 population.

Moving together with Eaton Mutual Fund

  0.77EMAIX Eaton Vance MsschstsPairCorr
  0.95ERAMX Eaton Vance MultiPairCorr
  0.91ERHIX Eaton Vance HighPairCorr
  0.87ERGMX Eaton Vance GlobalPairCorr
  0.9ERIBX Eaton Vance IncomePairCorr
  0.67ERISX Parametric Intl EquityPairCorr
  0.94EAAMX Eaton Vance MultiPairCorr
  0.92ERSIX Eaton Vance ShortPairCorr
  0.86EABLX Eaton Vance FloatingPairCorr
  0.79EACOX Eaton Vance GlobalPairCorr
  0.63EABSX Eaton Vance TabsPairCorr
  0.88EADOX Eaton Vance EmergingPairCorr
  0.65EADIX Eaton Vance TaxPairCorr
  0.88EAFHX Eaton Vance FloatingPairCorr

Moving against Eaton Mutual Fund

  0.54ERASX Eaton Vance AtlantaPairCorr
  0.45ERBCX Eaton Vance RichardPairCorr
  0.45ERBAX Eaton Vance RichardPairCorr
  0.43ERBIX Eaton Vance RichardPairCorr
  0.54EAASX Eaton Vance AtlantaPairCorr
  0.52ERSMX Eaton Vance AtlantaPairCorr
  0.36ERSGX Eaton Vance SmallPairCorr
  0.42EAERX Eaton Vance StockPairCorr
  0.36EALCX Eaton Vance GrowthPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
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PLKTXFZABX
BDVFXFZABX
PLKTXPRDAX
PLKTXBDVFX
PRDAXBDVFX
  
High negative correlations   
BDVFXJDJRX

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.