Eaton Vance Correlations

ECAMX Fund  USD 9.83  0.01  0.10%   
The current 90-days correlation between Eaton Vance Multi and Diversified Bond Fund is 0.15 (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

Very good diversification

The correlation between Eaton Vance Multi Strategy and DJI is -0.21 (i.e., Very good 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

  0.88EMAIX Eaton Vance MsschstsPairCorr
  0.79EMOCX Eaton Vance MunicipalPairCorr
  0.81EMOAX Eaton Vance MunicipalPairCorr
  0.83EMOIX Eaton Vance MunicipalPairCorr
  0.72ENYIX Eaton Vance NewPairCorr
  0.99ERAMX Eaton Vance MultiPairCorr
  0.92ERHIX Eaton Vance HighPairCorr
  0.62ERGOX Eaton Vance GovernmentPairCorr
  0.77ERGMX Eaton Vance GlobalPairCorr
  0.92ERIBX Eaton Vance IncomePairCorr
  0.85ERHSX Eaton Vance WorldwidePairCorr
  0.66ERISX Parametric Intl EquityPairCorr
  0.95EAAMX Eaton Vance MultiPairCorr
  0.76ERSIX Eaton Vance ShortPairCorr
  0.93EABLX Eaton Vance FloatingPairCorr
  0.7EACAX Eaton Vance CaliforniaPairCorr
  0.83EABSX Eaton Vance TabsPairCorr
  0.83EADOX Eaton Vance EmergingPairCorr
  0.73EADIX Eaton Vance TaxPairCorr
  0.95EAFHX Eaton Vance FloatingPairCorr

Moving against Eaton Mutual Fund

  0.39ERASX Eaton Vance AtlantaPairCorr
  0.39ERSMX Eaton Vance AtlantaPairCorr
  0.39EAASX Eaton Vance AtlantaPairCorr

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   
BDVFXCDBCX
DIFIXCDBCX
BDVFXDIFIX
QDARXCDBCX
DIFIXQDARX
BDVFXQDARX
  
High negative correlations   
XWDIXSRDAX
BDVFXSRDAX
SRDAXCDBCX
DIFIXSRDAX
SRDAXQDARX

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.