Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Tax Managed
EADIX Fund  USD 18.42  0.27  1.49%   
The current 90-days correlation between Eaton Vance Tax and Lifestyle Ii Moderate is 0.87 (i.e., Very 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

Very poor diversification

The correlation between Eaton Vance Tax Managed and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Tax Managed 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 Tax Managed. 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 inflation.

Moving together with Eaton Mutual Fund

  0.7EMAIX Eaton Vance MsschstsPairCorr
  0.78ERASX Eaton Vance AtlantaPairCorr
  0.84ERAMX Eaton Vance MultiPairCorr
  0.93ERBIX Eaton Vance RichardPairCorr
  0.94ERBCX Eaton Vance RichardPairCorr
  0.93ERBAX Eaton Vance RichardPairCorr
  0.88EREMX Eaton Vance ParametricPairCorr
  0.88ERHIX Eaton Vance HighPairCorr
  0.75ERGOX Eaton Vance GovernmentPairCorr
  0.82ERGMX Eaton Vance GlobalPairCorr
  0.91ERIFX Eaton Vance BalancedPairCorr
  0.89ERIBX Eaton Vance IncomePairCorr
  0.92ERISX Parametric Intl EquityPairCorr
  0.97ERLVX Eaton Vance LargePairCorr
  0.85EAAMX Eaton Vance MultiPairCorr
  0.82EAALX Eaton Vance AtlantaPairCorr
  0.97ERSTX Eaton Vance LargePairCorr
  0.77ERSMX Eaton Vance AtlantaPairCorr
  0.8ERSIX Eaton Vance ShortPairCorr
  0.62ERSGX Eaton Vance SmallPairCorr
  0.84EABLX Eaton Vance FloatingPairCorr
  0.77EAASX Eaton Vance AtlantaPairCorr
  0.91EACPX Eaton Vance TaxPairCorr
  0.88EACOX Eaton Vance GlobalPairCorr
  0.73EABSX Eaton Vance TabsPairCorr
  0.85EADOX Eaton Vance EmergingPairCorr
  0.92EAERX Eaton Vance StockPairCorr
  0.88EAEMX Parametric EmergingPairCorr
  0.97EAEAX Eaton Vance TaxPairCorr
  0.97EAFVX Eaton Vance ValPairCorr
  0.84EAFHX Eaton Vance FloatingPairCorr
  0.9EAFGX Eaton Vance FocusedPairCorr

Related Correlations Analysis


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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