Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Income
ERIBX Fund  USD 5.19  0.01  0.19%   
The current 90-days correlation between Eaton Vance Income and Boston Partners Small is 0.4 (i.e., Very 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.

Eaton Vance Correlation With Market

Average diversification

The correlation between Eaton Vance Income and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Income 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 Income. 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 bureau of labor statistics.

Moving together with Eaton Mutual Fund

  0.91EMAIX Eaton Vance MsschstsPairCorr
  0.87EMOCX Eaton Vance MunicipalPairCorr
  0.88EMOAX Eaton Vance MunicipalPairCorr
  0.89EMOIX Eaton Vance MunicipalPairCorr
  0.78ENYIX Eaton Vance NewPairCorr
  0.97ERAMX Eaton Vance MultiPairCorr
  0.69EREMX Eaton Vance ParametricPairCorr
  0.97ERHIX Eaton Vance HighPairCorr
  0.71ERGOX Eaton Vance GovernmentPairCorr
  0.89ERHSX Eaton Vance WorldwidePairCorr
  0.74ERISX Parametric Intl EquityPairCorr
  0.97EAAMX Eaton Vance MultiPairCorr
  0.83ERSIX Eaton Vance ShortPairCorr
  0.78EABLX Eaton Vance FloatingPairCorr
  0.75EACAX Eaton Vance CaliforniaPairCorr
  0.89EABSX Eaton Vance TabsPairCorr
  0.9EADOX Eaton Vance EmergingPairCorr
  0.79EADIX Eaton Vance TaxPairCorr
  0.69EAEMX Parametric EmergingPairCorr
  0.82EAFHX Eaton Vance FloatingPairCorr
  0.73EAFAX Eaton Vance FloatingPairCorr

Moving against Eaton Mutual Fund

  0.35ERSMX Eaton Vance AtlantaPairCorr
  0.35EAASX Eaton Vance AtlantaPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PRDMX
+ 0.97
BPSCX
TIMVX
+ 0.96
BPSCX
ARSVX
+ 0.96
TIMVX
ARSVX
+ 0.93
BPSCX
PRDMX
+ 0.92
TIMVX
PRDMX
+ 0.9
ARSVX
  
High negative correlations   
IAAEX
- 0.14
BPSCX
IAAEX
- 0.12
ARSVX
PRDMX
- 0.09
IAAEX
IAAEX
- 0.07
TIMVX

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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