Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Val
EAFVX Fund  USD 21.74  0.22  1.02%   
The current 90-days correlation between Eaton Vance Val and Simt Multi Asset Inflation is -0.13 (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 Val and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Val 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 Val. 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 unemployment.

Moving together with Eaton Mutual Fund

  0.67ERAMX Eaton Vance MultiPairCorr
  0.88ERBIX Eaton Vance RichardPairCorr
  0.87ERBCX Eaton Vance RichardPairCorr
  0.87ERBAX Eaton Vance RichardPairCorr
  0.75EREMX Eaton Vance ParametricPairCorr
  0.89ERIFX Eaton Vance BalancedPairCorr
  0.68EAAMX Eaton Vance MultiPairCorr
  0.61EAALX Eaton Vance AtlantaPairCorr
  0.97ERSTX Eaton Vance LargePairCorr
  0.61EACOX Eaton Vance GlobalPairCorr
  0.9EADIX Eaton Vance TaxPairCorr
  0.86EAERX Eaton Vance StockPairCorr
  0.75EAEMX Parametric EmergingPairCorr

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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