Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Floating Rate
EIFAX Fund  USD 10.02  0.02  0.20%   
The current 90-days correlation between Eaton Vance Floating and Eaton Vance Msschsts is 0.35 (i.e., Weak 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 Floating Rate. 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 nation.

Moving together with Eaton Mutual Fund

  0.94ERAMX Eaton Vance MultiPairCorr
  0.72ERGMX Eaton Vance GlobalPairCorr
  0.93EAAMX Eaton Vance MultiPairCorr
  0.62ERSGX Eaton Vance SmallPairCorr
  0.95EABLX Eaton Vance FloatingPairCorr
  0.79EACPX Eaton Vance TaxPairCorr
  0.86EADOX Eaton Vance EmergingPairCorr
  0.75EAEAX Eaton Vance TaxPairCorr
  0.99EAFHX Eaton Vance FloatingPairCorr

Moving against Eaton Mutual Fund

  0.81ERGOX Eaton Vance GovernmentPairCorr
  0.78EREMX Eaton Vance ParametricPairCorr
  0.82ERISX Parametric Intl EquityPairCorr
  0.8ERHSX Eaton Vance WorldwidePairCorr
  0.46EABSX Eaton Vance TabsPairCorr
  0.41EACOX Eaton Vance GlobalPairCorr
  0.34ERSIX Eaton Vance ShortPairCorr
  0.89EAIIX Eaton Vance DiversifiedPairCorr
  0.81EAISX Parametric InternationalPairCorr
  0.79EAEMX Parametric EmergingPairCorr
  0.64EAGIX Eaton Vance CorePairCorr
  0.59EALDX Eaton Vance ShortPairCorr
  0.51EADIX Eaton Vance TaxPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMAIX  0.10 (0.02) 0.00 (0.58) 0.00 
 0.00 
 0.20 
(0.30)
 0.91 
EMOCX  0.20 (0.03) 0.00  0.70  0.00 
 0.00 
 0.35 
(0.44)
 1.59 
EMOAX  0.19 (0.04) 0.00 (0.46) 0.00 
 0.00 
 0.35 
(0.52)
 1.59 
EMOIX  0.19 (0.03) 0.00 (0.63) 0.00 
 0.00 
 0.35 
(0.44)
 1.59 
EIM  0.47 (0.05) 0.00 (0.38) 0.00 
 0.00 
 1.03 
(1.05)
 2.88 
ENYIX  0.19 (0.03) 0.00  0.55  0.00 
 0.00 
 0.32 
(0.52)
 1.48 
ERASX  0.66 (0.10) 0.00 (0.07) 0.00 
 0.00 
 1.35 
(1.12)
 6.15 
ERAMX  0.08  0.00 (0.27) 0.00  0.00 
(0.16)
 0.10 
(0.10)
 0.91 
ERBIX  0.50 (0.01)(0.03) 0.01  0.74 
(0.51)
 0.79 
(0.94)
 4.72 
ERBCX  0.50 (0.02)(0.04) 0.01  0.73 
(0.52)
 0.82 
(0.96)
 4.77 

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