Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Emerging
EEIAX Fund  USD 3.46  0.03  0.87%   
The current 90-days correlation between Eaton Vance Emerging and Rbc Global Equity is -0.11 (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

Good diversification

The correlation between Eaton Vance Emerging and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Emerging 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 Emerging. 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 nation.

Moving together with Eaton Mutual Fund

  0.88EMAIX Eaton Vance MsschstsPairCorr
  0.68EIM Eaton Vance MbfPairCorr
  0.61ENYIX Eaton Vance NewPairCorr
  0.91ERAMX Eaton Vance MultiPairCorr
  0.94ERBIX Eaton Vance RichardPairCorr
  0.94ERBCX Eaton Vance RichardPairCorr
  0.94ERBAX Eaton Vance RichardPairCorr
  0.95EREMX Eaton Vance ParametricPairCorr
  0.66ERHIX Eaton Vance HighPairCorr
  0.68ERGOX Eaton Vance GovernmentPairCorr
  0.94ERGMX Eaton Vance GlobalPairCorr
  0.92ERIFX Eaton Vance BalancedPairCorr
  0.94ERIBX Eaton Vance IncomePairCorr
  0.91ERISX Parametric Intl EquityPairCorr
  0.91EAAMX Eaton Vance MultiPairCorr
  0.66EAALX Eaton Vance AtlantaPairCorr
  0.79ERSTX Eaton Vance LargePairCorr
  0.7ERSIX Eaton Vance ShortPairCorr
  0.85EABLX Eaton Vance FloatingPairCorr
  0.89EACPX Eaton Vance TaxPairCorr
  0.94EACOX Eaton Vance GlobalPairCorr
  0.9EABSX Eaton Vance TabsPairCorr
  0.94EADOX Eaton Vance EmergingPairCorr
  0.86EADIX Eaton Vance TaxPairCorr
  0.91EAERX Eaton Vance StockPairCorr
  0.95EAEMX Parametric EmergingPairCorr
  0.91EAEAX Eaton Vance TaxPairCorr
  0.8EAFVX Eaton Vance ValPairCorr
  0.62EAFHX Eaton Vance FloatingPairCorr

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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