Eaton Vance Correlations

ECSMX Fund

USD 11.01 0.25 2.32%

The current 90-days correlation between Eaton Vance Small and Financial Industries Fund is 0.85 (i.e., Very poor 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Small Cap. 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

0.71	ERASX	Eaton Vance Atlanta	Pair Corr
0.8	ERBIX	Eaton Vance Richard	Pair Corr
0.89	ERBCX	Eaton Vance Richard	Pair Corr
0.89	ERBAX	Eaton Vance Richard	Pair Corr
0.91	ERIFX	Eaton Vance Balanced	Pair Corr
0.82	ERLVX	Eaton Vance Large	Pair Corr
0.62	EAALX	Eaton Vance Atlanta	Pair Corr
0.61	ERSTX	Eaton Vance Large	Pair Corr
0.86	ERSMX	Eaton Vance Atlanta	Pair Corr
0.86	EAASX	Eaton Vance Atlanta	Pair Corr
0.75	EACPX	Eaton Vance Tax	Pair Corr
0.94	EAERX	Eaton Vance Stock	Pair Corr
0.96	EAEAX	Eaton Vance Tax	Pair Corr
0.87	EAFVX	Eaton Vance Val	Pair Corr
0.85	EAGCX	Eaton Vance Atlant	Pair Corr
0.76	EALCX	Eaton Vance Growth	Pair Corr

Moving against Eaton Mutual Fund

0.65	ERGOX	Eaton Vance Government	Pair Corr
0.55	ERISX	Parametric Intl Equity	Pair Corr
0.49	ERSIX	Eaton Vance Short	Pair Corr
0.36	EMAIX	Eaton Vance Msschsts	Pair Corr
0.34	EREMX	Eaton Vance Parametric	Pair Corr
0.63	EALDX	Eaton Vance Short	Pair Corr
0.56	EACOX	Eaton Vance Global	Pair Corr
0.56	EAGIX	Eaton Vance Core	Pair Corr
0.55	EAISX	Parametric International	Pair Corr
0.53	EAMLX	Eaton Vance National	Pair Corr
0.47	EAGMX	Eaton Vance Global	Pair Corr
0.46	EABSX	Eaton Vance Tabs	Pair Corr
0.33	EAEMX	Parametric Emerging	Pair Corr

Related Correlations Analysis

	FIDAX	FAFSX	BTO	DVFYX	IAAEX
FIDAX		1.0	0.94	0.77	0.28	FIDAX
FAFSX	1.0		0.95	0.77	0.31	FAFSX
BTO	0.94	0.95		0.62	0.11	BTO
DVFYX	0.77	0.77	0.62		0.42	DVFYX
IAAEX	0.28	0.31	0.11	0.42		IAAEX
	FIDAX	FAFSX	BTO	DVFYX	IAAEX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
FIDAX	0.84	0.00	0.03	0.00	1.34	(0.81)	2.02	(2.24)	6.35
FAFSX	0.84	0.00	0.03	0.03	1.29	(0.81)	1.71	(1.72)	6.26
BTO	0.99	(0.04)	0.00	0.54	0.00	0.00	2.14	(2.22)	6.87
DVFYX	0.80	0.06	0.06	0.04	1.13	(0.81)	1.65	(1.41)	6.47
IAAEX	0.81	(0.11)	0.00	(0.26)	0.00	0.00	1.41	(1.48)	9.17

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Eaton Vance Correlations

Moving together with Eaton Mutual Fund

Moving against Eaton Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY