Eaton Vance Correlations

EABLX Fund

USD 8.21 0.00 0.00%

The current 90-days correlation between Eaton Vance Floating and Ab Bond Inflation is -0.03 (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

Modest diversification

The correlation between Eaton Vance Floating Rate and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Floating Rate 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 Floating Rate. 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 economic analysis.

Moving together with Eaton Mutual Fund

0.97	OOSYX	Oppenheimer Senior	Pair Corr
0.98	OOSIX	Oppenheimer Senior	Pair Corr
0.98	LFRIX	Floating Rate	Pair Corr
0.98	LARCX	Floating Rate	Pair Corr
0.98	LFRRX	Lord Abbett Inv	Pair Corr
0.98	LFRFX	Floating Rate	Pair Corr
0.98	LRRRX	Floating Rate	Pair Corr
0.98	LRRTX	Floating Rate	Pair Corr
0.98	LRRVX	Floating Rate	Pair Corr
0.98	LRRKX	Floating Rate	Pair Corr
0.9	GE	GE Aerospace	Pair Corr
0.82	MSFT	Microsoft	Pair Corr
0.86	CSCO	Cisco Systems	Pair Corr
0.9	CAT	Caterpillar	Pair Corr
0.93	BAC	Bank of America	Pair Corr
0.87	BA	Boeing	Pair Corr

Moving against Eaton Mutual Fund

0.6	PQTAX	Pimco Trends Managed	Pair Corr
0.6	PQTNX	Pimco Trends Managed	Pair Corr
0.6	PQTIX	Aa Pimco Tr	Pair Corr

Related Correlations Analysis

	ABNTX	ANBIX	FULAX	MIIIX	TTRBX	MBSAX	PRVBX
ABNTX		0.99	0.66	0.54	0.7	0.6	0.56	ABNTX
ANBIX	0.99		0.66	0.55	0.7	0.6	0.57	ANBIX
FULAX	0.66	0.66		0.34	0.87	0.8	0.54	FULAX
MIIIX	0.54	0.55	0.34		0.63	0.41	0.67	MIIIX
TTRBX	0.7	0.7	0.87	0.63		0.92	0.78	TTRBX
MBSAX	0.6	0.6	0.8	0.41	0.92		0.76	MBSAX
PRVBX	0.56	0.57	0.54	0.67	0.78	0.76		PRVBX
	ABNTX	ANBIX	FULAX	MIIIX	TTRBX	MBSAX	PRVBX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABNTX	0.20	0.02	(0.02)	(0.77)	0.20	(0.22)	0.49	(0.40)	1.38
ANBIX	0.19	0.02	(0.02)	(1.08)	0.19	(0.21)	0.48	(0.48)	1.25
FULAX	0.06	0.00	(0.15)	0.00	0.00	(0.18)	0.11	(0.11)	0.65
MIIIX	0.29	0.00	(0.06)	0.93	0.37	(0.30)	0.54	(0.54)	1.92
TTRBX	0.20	0.01	(0.05)	(0.51)	0.22	(0.21)	0.40	(0.40)	1.21
MBSAX	0.29	0.02	0.00	0.19	0.41	(0.30)	0.68	(0.87)	1.95
PRVBX	0.10	0.00	(0.16)	(0.12)	0.13	(0.10)	0.20	(0.29)	0.82

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