Eaton Vance Correlations

EIAMX Fund  USD 9.85  0.01  0.10%   
The current 90-days correlation between Eaton Vance Multi and Wells Fargo Specialized is 0.29 (i.e., Modest 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

  0.9EMAIX Eaton Vance MsschstsPairCorr
  0.77EMOCX Eaton Vance MunicipalPairCorr
  0.8EMOAX Eaton Vance MunicipalPairCorr
  0.82EMOIX Eaton Vance MunicipalPairCorr
  0.69ENYIX Eaton Vance NewPairCorr
  1.0ERAMX Eaton Vance MultiPairCorr
  0.64EREMX Eaton Vance ParametricPairCorr
  0.93ERHIX Eaton Vance HighPairCorr
  0.67ERGOX Eaton Vance GovernmentPairCorr
  0.83ERGMX Eaton Vance GlobalPairCorr
  0.93ERIBX Eaton Vance IncomePairCorr
  0.85ERHSX Eaton Vance WorldwidePairCorr
  0.72ERISX Parametric Intl EquityPairCorr
  0.96EAAMX Eaton Vance MultiPairCorr
  0.81ERSIX Eaton Vance ShortPairCorr
  0.91EABLX Eaton Vance FloatingPairCorr
  0.66EACAX Eaton Vance CaliforniaPairCorr
  0.86EABSX Eaton Vance TabsPairCorr
  0.89EADOX Eaton Vance EmergingPairCorr
  0.73EADIX Eaton Vance TaxPairCorr
  0.61EAEMX Parametric EmergingPairCorr
  0.93EAFHX Eaton Vance FloatingPairCorr

Moving against Eaton Mutual Fund

  0.47ERASX Eaton Vance AtlantaPairCorr
  0.34ERBCX Eaton Vance RichardPairCorr
  0.32ERBAX Eaton Vance RichardPairCorr
  0.31ERBIX Eaton Vance RichardPairCorr
  0.48ERSMX Eaton Vance AtlantaPairCorr
  0.47EAASX Eaton Vance AtlantaPairCorr

Related Correlations Analysis

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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.