Eaton Vance Correlations

ETOHX Fund

USD 8.27 0.01 0.12%

The current 90-days correlation between Eaton Vance Ohio and Rational Defensive Growth is -0.06 (i.e., Good 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

Significant diversification

The correlation between Eaton Vance Ohio and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Ohio 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 Ohio. 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 rate.

Moving together with Eaton Mutual Fund

0.95	EMAIX	Eaton Vance Msschsts	Pair Corr
0.98	EMOCX	Eaton Vance Municipal	Pair Corr
0.99	EMOAX	Eaton Vance Municipal	Pair Corr
0.91	EMOIX	Eaton Vance Municipal	Pair Corr
0.79	EIM	Eaton Vance Mbf	Pair Corr
0.97	ENYIX	Eaton Vance New	Pair Corr
0.68	ERHIX	Eaton Vance High	Pair Corr
0.75	ERGOX	Eaton Vance Government	Pair Corr
0.62	ERIBX	Eaton Vance Income	Pair Corr
0.62	ERISX	Parametric Intl Equity	Pair Corr
0.61	ERSIX	Eaton Vance Short	Pair Corr
0.88	EACAX	Eaton Vance California	Pair Corr
0.97	EABSX	Eaton Vance Tabs	Pair Corr
0.66	EADIX	Eaton Vance Tax	Pair Corr

Related Correlations Analysis

	HSUAX	CIPMX	CVGRX	MPGFX	FGTZX	NEAIX
HSUAX		0.46	0.85	0.41	0.55	0.81	HSUAX
CIPMX	0.46		0.73	0.91	0.82	0.64	CIPMX
CVGRX	0.85	0.73		0.66	0.71	0.76	CVGRX
MPGFX	0.41	0.91	0.66		0.82	0.56	MPGFX
FGTZX	0.55	0.82	0.71	0.82		0.73	FGTZX
NEAIX	0.81	0.64	0.76	0.56	0.73		NEAIX
	HSUAX	CIPMX	CVGRX	MPGFX	FGTZX	NEAIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HSUAX	0.71	0.10	0.08	(4.85)	0.88	(0.79)	1.31	(1.23)	6.61
CIPMX	0.82	(0.06)	0.00	2.44	0.00	0.00	1.26	(1.21)	12.40
CVGRX	0.83	0.04	0.01	0.83	1.51	(0.74)	1.61	(2.15)	8.00
MPGFX	0.61	(0.02)	0.00	(0.04)	0.00	0.00	1.15	(1.31)	6.83
FGTZX	0.46	(0.02)	0.00	(0.09)	0.00	0.00	0.89	(0.96)	3.53
NEAIX	1.05	0.06	0.04	0.26	1.18	(1.16)	2.19	(1.59)	8.12

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Eaton Vance Correlations

Eaton Vance Correlation With Market

Significant diversification

Moving together with Eaton Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY