Eaton Vance Correlations

EALDX Fund

USD 7.28 0.01 0.14%

The current 90-days correlation between Eaton Vance Short and Blackrock Large Cap is -0.22 (i.e., Very 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

Good diversification

The correlation between Eaton Vance Short and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Short 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 Short. 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

0.61	ERGMX	Eaton Vance Global	Pair Corr
0.61	ERIBX	Eaton Vance Income	Pair Corr
0.64	EAAMX	Eaton Vance Multi	Pair Corr
0.66	ERSIX	Eaton Vance Short	Pair Corr
0.61	EABLX	Eaton Vance Floating	Pair Corr
0.69	EABSX	Eaton Vance Tabs	Pair Corr
0.62	EAFHX	Eaton Vance Floating	Pair Corr
0.61	EAFAX	Eaton Vance Floating	Pair Corr

Related Correlations Analysis

	MKFOX	AMONX	LCIAX	AMFFX	SLVYX	DLCEX
MKFOX		0.95	0.98	0.86	0.94	0.98	MKFOX
AMONX	0.95		0.94	0.95	0.99	0.94	AMONX
LCIAX	0.98	0.94		0.9	0.93	1.0	LCIAX
AMFFX	0.86	0.95	0.9		0.92	0.89	AMFFX
SLVYX	0.94	0.99	0.93	0.92		0.93	SLVYX
DLCEX	0.98	0.94	1.0	0.89	0.93		DLCEX
	MKFOX	AMONX	LCIAX	AMFFX	SLVYX	DLCEX

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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
MKFOX	1.40	0.16	0.07	0.15	2.00	(1.57)	2.78	(3.02)	16.43
AMONX	1.25	0.15	0.05	(2.03)	2.01	(1.15)	2.70	(2.68)	14.39
LCIAX	1.09	0.08	0.04	0.09	1.69	(1.00)	2.07	(2.36)	13.06
AMFFX	0.82	0.05	0.01	(0.85)	1.36	(0.88)	1.53	(1.77)	9.12
SLVYX	1.04	0.15	0.07	(2.08)	1.45	(1.07)	2.32	(2.06)	10.22
DLCEX	1.12	0.07	0.04	0.08	1.74	(1.16)	2.49	(2.49)	13.45

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Eaton Vance Correlations

Eaton Vance Correlation With Market

Good diversification

Moving together with Eaton Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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