Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Balanced
EVIFX Fund  USD 11.86  0.09  0.76%   
The current 90-days correlation between Eaton Vance Balanced and Eaton Vance Msschsts is 0.06 (i.e., Significant 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

Very weak diversification

The correlation between Eaton Vance Balanced and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Balanced 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 Balanced. 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 census.

Moving together with Eaton Mutual Fund

  0.93ERASX Eaton Vance AtlantaPairCorr
  0.63ERBCX Eaton Vance RichardPairCorr
  0.61ERBAX Eaton Vance RichardPairCorr
  0.99ERIFX Eaton Vance BalancedPairCorr
  0.76ERLGX Eaton Vance AtlantaPairCorr
  0.9ERLVX Eaton Vance LargePairCorr
  0.87EAALX Eaton Vance AtlantaPairCorr
  0.86ERSTX Eaton Vance LargePairCorr
  0.89ERSMX Eaton Vance AtlantaPairCorr
  0.67ERSGX Eaton Vance SmallPairCorr
  0.94EAASX Eaton Vance AtlantaPairCorr
  0.62EAERX Eaton Vance StockPairCorr
  0.89EAFVX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMAIX  0.10 (0.02) 0.00 (0.57) 0.00 
 0.00 
 0.20 
(0.30)
 0.91 
EMOCX  0.20 (0.03) 0.00  0.69  0.00 
 0.00 
 0.35 
(0.44)
 1.59 
EMOAX  0.19 (0.04) 0.00 (0.46) 0.00 
 0.00 
 0.35 
(0.52)
 1.59 
EMOIX  0.19 (0.03) 0.00 (0.68) 0.00 
 0.00 
 0.35 
(0.44)
 1.59 
EIM  0.48 (0.06) 0.00 (0.42) 0.00 
 0.00 
 1.03 
(1.05)
 2.88 
ENYIX  0.19 (0.03) 0.00 (0.47) 0.00 
 0.00 
 0.32 
(0.52)
 1.48 
ERASX  0.66 (0.09) 0.00 (0.07) 0.00 
 0.00 
 1.35 
(1.12)
 6.15 
ERAMX  0.08  0.00 (0.17) 0.69  0.00 
(0.16)
 0.10 
(0.10)
 0.91 
ERBIX  0.50 (0.01)(0.02) 0.01  0.75 
(0.50)
 0.79 
(0.94)
 4.72 
ERBCX  0.50 (0.02)(0.03) 0.00  0.73 
(0.51)
 0.82 
(0.96)
 4.77 

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