Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Municipal
EMOIX Fund  USD 11.44  0.01  0.09%   
The current 90-days correlation between Eaton Vance Municipal and Ffcdax is 0.19 (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

Average diversification

The correlation between Eaton Vance Municipal and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Municipal 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 Municipal. 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 gross domestic product.

Moving together with Eaton Mutual Fund

  0.81EMAIX Eaton Vance MsschstsPairCorr
  0.99EMOCX Eaton Vance MunicipalPairCorr
  1.0EMOAX Eaton Vance MunicipalPairCorr
  0.7EIM Eaton Vance MbfPairCorr
  0.98ENYIX Eaton Vance NewPairCorr
  0.62ERBIX Eaton Vance RichardPairCorr
  0.61ERBCX Eaton Vance RichardPairCorr
  0.62ERBAX Eaton Vance RichardPairCorr
  0.63EREMX Eaton Vance ParametricPairCorr
  0.88ERGOX Eaton Vance GovernmentPairCorr
  0.75ERIFX Eaton Vance BalancedPairCorr
  0.7ERHSX Eaton Vance WorldwidePairCorr
  0.76ERISX Parametric Intl EquityPairCorr
  0.76ERLGX Eaton Vance AtlantaPairCorr
  0.68ERLVX Eaton Vance LargePairCorr
  0.76EAALX Eaton Vance AtlantaPairCorr
  0.68ERSTX Eaton Vance LargePairCorr
  0.67ERSGX Eaton Vance SmallPairCorr
  0.63EACPX Eaton Vance TaxPairCorr
  0.97EACAX Eaton Vance CaliforniaPairCorr
  0.94EABSX Eaton Vance TabsPairCorr
  0.61EADIX Eaton Vance TaxPairCorr
  0.66EAERX Eaton Vance StockPairCorr
  0.64EAEMX Parametric EmergingPairCorr
  0.72EAEAX Eaton Vance TaxPairCorr
  0.63EAFVX Eaton Vance ValPairCorr

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.

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