Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Emerging
EEIIX Fund  USD 3.41  0.02  0.58%   
The current 90-days correlation between Eaton Vance Emerging and Eaton Vance Emerging is 0.35 (i.e., Weak 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 Emerging and DJI is 0.2 (i.e., Modest 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 gross domestic product.

Moving together with Eaton Mutual Fund

  0.88EMAIX Eaton Vance MsschstsPairCorr
  0.78ERASX Eaton Vance AtlantaPairCorr
  0.96ERAMX Eaton Vance MultiPairCorr
  0.95ERBIX Eaton Vance RichardPairCorr
  0.94ERBCX Eaton Vance RichardPairCorr
  0.95ERBAX Eaton Vance RichardPairCorr
  0.96EREMX Eaton Vance ParametricPairCorr
  0.96ERHIX Eaton Vance HighPairCorr
  0.76ERGOX Eaton Vance GovernmentPairCorr
  0.97ERGMX Eaton Vance GlobalPairCorr
  0.95ERIFX Eaton Vance BalancedPairCorr
  0.97ERIBX Eaton Vance IncomePairCorr
  0.96ERISX Parametric Intl EquityPairCorr
  0.85ERLGX Eaton Vance AtlantaPairCorr
  0.93ERLVX Eaton Vance LargePairCorr
  0.96EAAMX Eaton Vance MultiPairCorr
  0.84EAALX Eaton Vance AtlantaPairCorr
  0.93ERSTX Eaton Vance LargePairCorr
  0.77ERSMX Eaton Vance AtlantaPairCorr
  0.97ERSIX Eaton Vance ShortPairCorr
  0.74ERSGX Eaton Vance SmallPairCorr
  0.93EABLX Eaton Vance FloatingPairCorr
  0.78EAASX Eaton Vance AtlantaPairCorr
  0.9EACPX Eaton Vance TaxPairCorr
  0.95EACOX Eaton Vance GlobalPairCorr
  0.94EABSX Eaton Vance TabsPairCorr
  0.96EADOX Eaton Vance EmergingPairCorr
  0.94EADIX Eaton Vance TaxPairCorr
  0.93EAERX Eaton Vance StockPairCorr
  0.95EAEMX Parametric EmergingPairCorr
  0.93EAEAX Eaton Vance TaxPairCorr
  0.92EAFVX 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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