Eaton Vance Correlations

EADIX Fund

USD 16.95 0.07 0.41%

The current 90-days correlation between Eaton Vance Tax and Dws Equity Sector is 0.25 (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

Modest diversification

The correlation between Eaton Vance Tax Managed and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Tax Managed 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 Tax Managed. 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

0.66	EMOCX	Eaton Vance Municipal	Pair Corr
0.65	EMOAX	Eaton Vance Municipal	Pair Corr
0.68	EIM	Eaton Vance Mbf	Pair Corr
0.66	ERASX	Eaton Vance Atlanta	Pair Corr
0.74	ERBIX	Eaton Vance Richard	Pair Corr
0.74	ERBCX	Eaton Vance Richard	Pair Corr
0.74	ERBAX	Eaton Vance Richard	Pair Corr
0.77	EREMX	Eaton Vance Parametric	Pair Corr
0.8	ERGOX	Eaton Vance Government	Pair Corr
0.66	ERIFX	Eaton Vance Balanced	Pair Corr
0.64	ERHSX	Eaton Vance Worldwide	Pair Corr
0.76	ERISX	Parametric Intl Equity	Pair Corr
0.81	ERLGX	Eaton Vance Atlanta	Pair Corr
0.66	ERLVX	Eaton Vance Large	Pair Corr
0.76	EAALX	Eaton Vance Atlanta	Pair Corr
0.66	ERSTX	Eaton Vance Large	Pair Corr
0.74	ERSMX	Eaton Vance Atlanta	Pair Corr
0.74	EAASX	Eaton Vance Atlanta	Pair Corr
0.66	EABSX	Eaton Vance Tabs	Pair Corr
0.78	EAERX	Eaton Vance Stock	Pair Corr
0.78	EAEMX	Parametric Emerging	Pair Corr
0.63	EAEAX	Eaton Vance Tax	Pair Corr

Moving against Eaton Mutual Fund

0.54	ERGMX	Eaton Vance Global	Pair Corr
0.48	EADOX	Eaton Vance Emerging	Pair Corr
0.41	EABLX	Eaton Vance Floating	Pair Corr
0.51	EAGMX	Eaton Vance Global	Pair Corr
0.41	EAFAX	Eaton Vance Floating	Pair Corr
0.37	EAFHX	Eaton Vance Floating	Pair Corr

Related Correlations Analysis

	SNPTX	CSPFX	ARTNX	SMYIX	LEQCX	PASTX	SEHAX
SNPTX		0.6	0.66	0.89	0.75	0.78	0.62	SNPTX
CSPFX	0.6		0.86	0.82	0.38	0.81	0.91	CSPFX
ARTNX	0.66	0.86		0.83	0.62	0.83	0.91	ARTNX
SMYIX	0.89	0.82	0.83		0.61	0.9	0.88	SMYIX
LEQCX	0.75	0.38	0.62	0.61		0.63	0.42	LEQCX
PASTX	0.78	0.81	0.83	0.9	0.63		0.86	PASTX
SEHAX	0.62	0.91	0.91	0.88	0.42	0.86		SEHAX
	SNPTX	CSPFX	ARTNX	SMYIX	LEQCX	PASTX	SEHAX

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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
SNPTX	0.49	0.00	0.03	0.00	0.74	(0.49)	1.01	(1.19)	4.79
CSPFX	0.65	(0.05)	0.00	(0.15)	0.00	0.00	1.29	(1.23)	4.69
ARTNX	0.55	0.00	0.01	0.00	0.69	(0.66)	1.17	(0.99)	5.16
SMYIX	0.64	0.00	0.00	(0.09)	1.10	(0.57)	1.48	(1.31)	4.86
LEQCX	0.41	0.05	0.09	0.31	0.42	(0.45)	0.87	(0.71)	2.97
PASTX	1.15	(0.02)	0.00	(0.05)	0.00	0.00	2.65	(2.72)	9.45
SEHAX	0.66	(0.04)	0.00	(0.13)	0.00	0.00	1.11	(1.21)	11.56

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