Eaton Vance Correlations

EIAMX Fund  USD 9.93  0.01  0.10%   
The current 90-days correlation between Eaton Vance Multi and Fidelity Managed Retirement is 0.17 (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

Modest diversification

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

  0.73EMAIX Eaton Vance MsschstsPairCorr
  0.96ERAMX Eaton Vance MultiPairCorr
  0.89ERHIX Eaton Vance HighPairCorr
  0.91ERGMX Eaton Vance GlobalPairCorr
  0.87ERIBX Eaton Vance IncomePairCorr
  0.64ERISX Parametric Intl EquityPairCorr
  0.95EAAMX Eaton Vance MultiPairCorr
  0.92ERSIX Eaton Vance ShortPairCorr
  0.87EABLX Eaton Vance FloatingPairCorr
  0.8EACOX Eaton Vance GlobalPairCorr
  0.92EADOX Eaton Vance EmergingPairCorr
  0.63EADIX Eaton Vance TaxPairCorr
  0.9EAFHX Eaton Vance FloatingPairCorr

Moving against Eaton Mutual Fund

  0.6ERASX Eaton Vance AtlantaPairCorr
  0.49ERBAX Eaton Vance RichardPairCorr
  0.48ERBCX Eaton Vance RichardPairCorr
  0.46ERBIX Eaton Vance RichardPairCorr
  0.34EIM Eaton Vance MbfPairCorr
  0.59EAASX Eaton Vance AtlantaPairCorr
  0.58ERSMX Eaton Vance AtlantaPairCorr
  0.4ERSGX Eaton Vance SmallPairCorr
  0.49EAERX Eaton Vance StockPairCorr
  0.38EALCX Eaton Vance GrowthPairCorr
  0.34EAFVX Eaton Vance ValPairCorr

Related Correlations Analysis

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.