Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Atlanta
ERASX Fund  USD 39.55  0.09  0.23%   
The current 90-days correlation between Eaton Vance Atlanta and Deutsche Health And is 0.63 (i.e., 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.

Eaton Vance Correlation With Market

Poor diversification

The correlation between Eaton Vance Atlanta and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Atlanta 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 Atlanta. 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 state.

Moving together with Eaton Mutual Fund

  0.81ERBIX Eaton Vance RichardPairCorr
  0.81ERBCX Eaton Vance RichardPairCorr
  0.81ERBAX Eaton Vance RichardPairCorr
  0.71ERIFX Eaton Vance BalancedPairCorr
  0.61EAALX Eaton Vance AtlantaPairCorr
  1.0ERSMX Eaton Vance AtlantaPairCorr
  0.92ERSGX Eaton Vance SmallPairCorr
  1.0EAASX Eaton Vance AtlantaPairCorr
  0.9EACPX Eaton Vance TaxPairCorr
  0.72EAERX Eaton Vance StockPairCorr
  0.81EAEAX Eaton Vance TaxPairCorr
  0.75EAFVX Eaton Vance ValPairCorr
  0.83EAFGX Eaton Vance FocusedPairCorr

Moving against Eaton Mutual Fund

  0.76ERGOX Eaton Vance GovernmentPairCorr
  0.69ERSIX Eaton Vance ShortPairCorr
  0.68ERISX Parametric Intl EquityPairCorr
  0.68EACOX Eaton Vance GlobalPairCorr
  0.67ERGMX Eaton Vance GlobalPairCorr
  0.63EABSX Eaton Vance TabsPairCorr
  0.61EMAIX Eaton Vance MsschstsPairCorr
  0.48EREMX Eaton Vance ParametricPairCorr
  0.42ERAMX Eaton Vance MultiPairCorr
  0.42EAAMX Eaton Vance MultiPairCorr
  0.37ERIBX Eaton Vance IncomePairCorr
  0.36EMOAX Eaton Vance MunicipalPairCorr
  0.36EMOIX Eaton Vance MunicipalPairCorr
  0.34ERHIX Eaton Vance HighPairCorr
  0.33EACAX Eaton Vance CaliforniaPairCorr
  0.78EALDX Eaton Vance ShortPairCorr
  0.77EASDX Eaton Vance ShortPairCorr
  0.72EAGIX Eaton Vance CorePairCorr
  0.72EAMLX Eaton Vance NationalPairCorr
  0.7EARRX Eaton Vance ShortPairCorr
  0.69EAIIX Eaton Vance DiversifiedPairCorr
  0.69ESIIX Eaton Vance ShortPairCorr
  0.68EAGMX Eaton Vance GlobalPairCorr

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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