Eaton Vance Correlations

ETGIX Fund  USD 37.76  0.65  1.75%   
The current 90-days correlation between Eaton Vance Greater and Matthews India Fund is 0.65 (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

Weak diversification

The correlation between Eaton Vance Greater and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Greater 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 Greater. 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

  0.62ERASX Eaton Vance AtlantaPairCorr
  0.61ERBCX Eaton Vance RichardPairCorr
  0.63ERSMX Eaton Vance AtlantaPairCorr
  0.62EAASX Eaton Vance AtlantaPairCorr

Moving against EATON Mutual Fund

  0.92ERGMX Eaton Vance GlobalPairCorr
  0.79ERAMX Eaton Vance MultiPairCorr
  0.77EMAIX Eaton Vance MsschstsPairCorr
  0.76ERHIX Eaton Vance HighPairCorr
  0.74ERIBX Eaton Vance IncomePairCorr
  0.7ERGOX Eaton Vance GovernmentPairCorr
  0.59EREMX Eaton Vance ParametricPairCorr
  0.54EMOIX Eaton Vance MunicipalPairCorr
  0.51EMOAX Eaton Vance MunicipalPairCorr
  0.44EMOCX Eaton Vance MunicipalPairCorr
  0.32ENYIX Eaton Vance NewPairCorr
  0.91EADOX Eaton Vance EmergingPairCorr
  0.86ERSIX Eaton Vance ShortPairCorr
  0.77EAAMX Eaton Vance MultiPairCorr
  0.76ERISX Parametric Intl EquityPairCorr
  0.75EABSX Eaton Vance TabsPairCorr
  0.74ERHSX Eaton Vance WorldwidePairCorr
  0.66EACOX Eaton Vance GlobalPairCorr
  0.65EABLX Eaton Vance FloatingPairCorr
  0.33EACAX Eaton Vance CaliforniaPairCorr
  0.91EAGMX Eaton Vance GlobalPairCorr
  0.8EALDX Eaton Vance ShortPairCorr
  0.77EAISX Parametric InternationalPairCorr
  0.74EAGIX Eaton Vance CorePairCorr
  0.71EAIIX Eaton Vance DiversifiedPairCorr
  0.69EAFHX Eaton Vance FloatingPairCorr

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   
IIFMINDX
IFNIIF
IFNMINDX
LETRXMINDX
EUROXMINDX
IIFLETRX
  
High negative correlations   
EUROXIFN
EUROXIIF
EUROXLETRX
IFNLETRX
IIFLETRX
EUROXMINDX

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.