Eaton Vance Correlations

ERAMX Fund

USD 9.90 0.01 0.10%

The current 90-days correlation between Eaton Vance Multi and Victory Rs Global is 0.18 (i.e., Average 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 Multi Asset and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Multi Asset 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 Multi Asset. 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

0.64	EIM	Eaton Vance Mbf	Pair Corr
0.75	EREMX	Eaton Vance Parametric	Pair Corr
0.75	ERGMX	Eaton Vance Global	Pair Corr
0.7	ERIFX	Eaton Vance Balanced	Pair Corr
0.73	EAAMX	Eaton Vance Multi	Pair Corr
0.76	EACPX	Eaton Vance Tax	Pair Corr
0.72	EABSX	Eaton Vance Tabs	Pair Corr
0.61	EADIX	Eaton Vance Tax	Pair Corr
0.75	EAERX	Eaton Vance Stock	Pair Corr
0.69	EAFHX	Eaton Vance Floating	Pair Corr
0.76	EAFGX	Eaton Vance Focused	Pair Corr
0.68	EAFAX	Eaton Vance Floating	Pair Corr
0.76	EAGMX	Eaton Vance Global	Pair Corr
0.71	EALCX	Eaton Vance Growth	Pair Corr
0.7	EALBX	Eaton Vance Tabs	Pair Corr
0.68	EALTX	Ev Tab Lad	Pair Corr
0.73	EAMLX	Eaton Vance National	Pair Corr
0.76	EAPDX	Parametric Dividend	Pair Corr
0.72	EARAX	Eaton Vance Richard	Pair Corr
0.72	EASDX	Eaton Vance Short	Pair Corr
0.72	ESIIX	Eaton Vance Short	Pair Corr

Moving against Eaton Mutual Fund

0.47	ETGIX	Eaton Vance Greater	Pair Corr
0.45	ECGIX	Eaton Vance Greater	Pair Corr

Related Correlations Analysis

	RGGKX	EMSLX	JTSQX	LMUSX	REMVX	OPTCX	RHSAX
RGGKX		0.96	1.0	0.7	0.67	0.97	0.97	RGGKX
EMSLX	0.96		0.96	0.69	0.68	0.91	0.95	EMSLX
JTSQX	1.0	0.96		0.66	0.63	0.97	0.96	JTSQX
LMUSX	0.7	0.69	0.66		0.96	0.67	0.75	LMUSX
REMVX	0.67	0.68	0.63	0.96		0.66	0.69	REMVX
OPTCX	0.97	0.91	0.97	0.67	0.66		0.91	OPTCX
RHSAX	0.97	0.95	0.96	0.75	0.69	0.91		RHSAX
	RGGKX	EMSLX	JTSQX	LMUSX	REMVX	OPTCX	RHSAX

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
RGGKX	0.48	0.07	0.05	0.24	0.30	(0.57)	1.20	(0.85)	2.35
EMSLX	0.61	0.11	0.07	0.41	0.48	(0.74)	1.29	(0.88)	3.89
JTSQX	0.45	0.07	0.04	0.24	0.34	(0.52)	1.21	(0.88)	2.31
LMUSX	0.52	0.04	0.03	0.14	0.39	(0.67)	1.19	(0.82)	3.25
REMVX	0.58	0.10	0.09	0.24	0.45	(0.77)	1.37	(1.00)	3.98
OPTCX	0.19	0.03	(0.16)	0.30	0.00	(0.25)	0.51	(0.31)	1.11
RHSAX	0.76	0.11	0.11	0.22	0.66	(0.96)	1.63	(1.01)	4.84

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