Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Parametric
EREMX Fund  USD 15.59  0.02  0.13%   
The current 90-days correlation between Eaton Vance Parametric and Seafarer Overseas Growth is 0.28 (i.e., Modest 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

Poor diversification

The correlation between Eaton Vance Parametric and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Parametric 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 Parametric. 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 population.

Moving together with Eaton Mutual Fund

  0.86ERASX Eaton Vance AtlantaPairCorr
  0.96ERAMX Eaton Vance MultiPairCorr
  0.96ERBIX Eaton Vance RichardPairCorr
  0.94ERBCX Eaton Vance RichardPairCorr
  0.94ERBAX Eaton Vance RichardPairCorr
  0.97ERHIX Eaton Vance HighPairCorr
  0.95ERGMX Eaton Vance GlobalPairCorr
  0.95ERIFX Eaton Vance BalancedPairCorr
  0.98ERIBX Eaton Vance IncomePairCorr
  0.98ERISX Parametric Intl EquityPairCorr
  0.96ERLGX Eaton Vance AtlantaPairCorr
  0.85ERLVX Eaton Vance LargePairCorr
  0.94EAAMX Eaton Vance MultiPairCorr
  0.93EAALX Eaton Vance AtlantaPairCorr
  0.84ERSTX Eaton Vance LargePairCorr
  0.86ERSMX Eaton Vance AtlantaPairCorr
  0.84ERSIX Eaton Vance ShortPairCorr
  0.82ERSGX Eaton Vance SmallPairCorr
  0.95EABLX Eaton Vance FloatingPairCorr
  0.82EAASX Eaton Vance AtlantaPairCorr
  0.91EACPX Eaton Vance TaxPairCorr
  0.96EACOX Eaton Vance GlobalPairCorr
  0.91EADOX Eaton Vance EmergingPairCorr
  0.94EADIX Eaton Vance TaxPairCorr
  0.93EAERX Eaton Vance StockPairCorr
  0.97EAEMX Parametric EmergingPairCorr
  0.9EAEAX Eaton Vance TaxPairCorr
  0.74EAFVX Eaton Vance ValPairCorr
  0.94EAFHX Eaton Vance FloatingPairCorr

Related Correlations Analysis

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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.

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