Eaton Vance Correlations

ERBCX Fund

USD 18.38 0.13 0.71%

The current 90-days correlation between Eaton Vance Richard and Eaton Vance Msschsts is -0.08 (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

Average diversification

The correlation between Eaton Vance Richard and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Richard 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 Richard. 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 main economic indicators.

Moving together with Eaton Mutual Fund

0.74	ERASX	Eaton Vance Atlanta	Pair Corr
1.0	ERBIX	Eaton Vance Richard	Pair Corr
1.0	ERBAX	Eaton Vance Richard	Pair Corr
0.68	ERHIX	Eaton Vance High	Pair Corr
0.66	ERIFX	Eaton Vance Balanced	Pair Corr
0.68	ERLVX	Eaton Vance Large	Pair Corr
0.62	EAAMX	Eaton Vance Multi	Pair Corr
0.67	ERSTX	Eaton Vance Large	Pair Corr
0.69	ERSMX	Eaton Vance Atlanta	Pair Corr
0.8	ERSGX	Eaton Vance Small	Pair Corr
0.7	EAASX	Eaton Vance Atlanta	Pair Corr
0.82	EACPX	Eaton Vance Tax	Pair Corr
0.87	EAERX	Eaton Vance Stock	Pair Corr
0.89	EAEAX	Eaton Vance Tax	Pair Corr

Moving against Eaton Mutual Fund

0.32	ERHSX	Eaton Vance Worldwide	Pair Corr
0.35	EAIIX	Eaton Vance Diversified	Pair Corr

Related Correlations Analysis

	EMAIX	EMOCX	EMOAX	EMOIX	EIM	ERASX	ERAMX	ERBIX
EMAIX		0.98	0.98	0.89	0.79	0.26	0.27	0.34	EMAIX
EMOCX	0.98		0.99	0.9	0.78	0.26	0.16	0.31	EMOCX
EMOAX	0.98	0.99		0.89	0.76	0.29	0.12	0.28	EMOAX
EMOIX	0.89	0.9	0.89		0.77	0.16	0.19	0.27	EMOIX
EIM	0.79	0.78	0.76	0.77		0.28	0.28	0.55	EIM
ERASX	0.26	0.26	0.29	0.16	0.28		0.35	0.73	ERASX
ERAMX	0.27	0.16	0.12	0.19	0.28	0.35		0.61	ERAMX
ERBIX	0.34	0.31	0.28	0.27	0.55	0.73	0.61		ERBIX
	EMAIX	EMOCX	EMOAX	EMOIX	EIM	ERASX	ERAMX	ERBIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EMAIX	0.10	(0.02)	0.00	(0.67)	0.00	0.00	0.20	(0.30)	0.91
EMOCX	0.19	(0.04)	0.00	(0.77)	0.00	0.00	0.35	(0.44)	1.59
EMOAX	0.19	(0.04)	0.00	(0.54)	0.00	0.00	0.35	(0.52)	1.58
EMOIX	0.17	(0.02)	0.00	(2.63)	0.00	0.00	0.35	(0.43)	1.58
EIM	0.48	(0.04)	0.00	(0.21)	0.00	0.00	1.03	(1.05)	2.86
ERASX	0.68	(0.07)	0.00	(0.25)	0.00	0.00	1.42	(1.12)	6.15
ERAMX	0.08	0.01	(0.15)	0.96	0.00	(0.16)	0.10	(0.10)	0.71
ERBIX	0.51	0.01	(0.02)	0.08	0.73	(0.53)	0.95	(0.94)	4.76

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