Eaton Vance Correlations

ERSTX Fund

USD 26.70 0.06 0.23%

The current 90-days correlation between Eaton Vance Large and The Hartford Healthcare is 0.04 (i.e., Significant 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

Very poor diversification

The correlation between Eaton Vance Large Cap and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Large Cap 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 Large Cap. 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 housing.

Moving together with Eaton Mutual Fund

0.74	ERASX	Eaton Vance Atlanta	Pair Corr
0.83	ERBAX	Eaton Vance Richard	Pair Corr
0.79	ERIFX	Eaton Vance Balanced	Pair Corr
0.77	ERSMX	Eaton Vance Atlanta	Pair Corr
0.96	EADIX	Eaton Vance Tax	Pair Corr
0.78	EAERX	Eaton Vance Stock	Pair Corr
0.77	EAEMX	Parametric Emerging	Pair Corr
0.99	EAFVX	Eaton Vance Val	Pair Corr
0.68	EAFHX	Eaton Vance Floating	Pair Corr
0.77	EAFGX	Eaton Vance Focused	Pair Corr
0.82	EAISX	Parametric International	Pair Corr
0.69	EAIIX	Eaton Vance Diversified	Pair Corr
0.76	EALCX	Eaton Vance Growth	Pair Corr
0.63	EALBX	Eaton Vance Tabs	Pair Corr
0.8	EARAX	Eaton Vance Richard	Pair Corr
0.73	ESHIX	Eaton Vance Short	Pair Corr
0.73	ECBLX	Eaton Vance Floating	Pair Corr
0.71	ECERX	Eaton Vance Stock	Pair Corr

Related Correlations Analysis

	HGHYX	PGHAX	AHSCX	DLRHX	SCHLX	HHCZX	LHCCX
HGHYX		0.72	0.55	0.58	0.8	0.18	0.52	HGHYX
PGHAX	0.72		0.76	0.77	0.92	0.41	0.77	PGHAX
AHSCX	0.55	0.76		0.72	0.58	0.24	0.82	AHSCX
DLRHX	0.58	0.77	0.72		0.65	0.73	0.92	DLRHX
SCHLX	0.8	0.92	0.58	0.65		0.43	0.61	SCHLX
HHCZX	0.18	0.41	0.24	0.73	0.43		0.67	HHCZX
LHCCX	0.52	0.77	0.82	0.92	0.61	0.67		LHCCX
	HGHYX	PGHAX	AHSCX	DLRHX	SCHLX	HHCZX	LHCCX

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
HGHYX	0.73	0.07	(0.06)	7.70	0.91	(0.71)	1.46	(1.46)	4.51
PGHAX	0.71	0.00	(0.05)	0.13	0.75	(0.79)	1.37	(1.59)	4.16
AHSCX	0.59	0.09	(0.06)	(1.10)	0.59	(0.63)	1.23	(1.15)	3.03
DLRHX	0.73	0.11	(0.02)	12.91	0.80	(0.81)	1.45	(1.59)	4.74
SCHLX	0.72	(0.03)	(0.05)	0.10	0.84	(0.74)	1.56	(1.63)	4.73
HHCZX	0.22	0.01	(0.29)	0.16	0.00	(0.28)	0.54	(0.41)	1.13
LHCCX	0.66	0.15	0.03	4.99	0.65	(0.72)	1.50	(1.24)	3.95

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Eaton Vance Correlations

Eaton Vance Correlation With Market

Very poor diversification

Moving together with Eaton Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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