Eaton Vance Correlations

EASCX Fund

USD 8.60 0.01 0.12%

The current 90-days correlation between Eaton Vance South and Eaton Vance Oregon is 0.21 (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

Average diversification

The correlation between Eaton Vance South and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance South 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 South. 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

0.85	EMAIX	Eaton Vance Msschsts	Pair Corr
0.99	EMOCX	Eaton Vance Municipal	Pair Corr
0.91	EMOAX	Eaton Vance Municipal	Pair Corr
0.99	EMOIX	Eaton Vance Municipal	Pair Corr
0.83	EIM	Eaton Vance Mbf	Pair Corr
0.62	ERBIX	Eaton Vance Richard	Pair Corr
0.81	ERGOX	Eaton Vance Government	Pair Corr
0.65	EAERX	Eaton Vance Stock	Pair Corr
0.87	EAGIX	Eaton Vance Core	Pair Corr
0.98	EANAX	Eaton Vance National	Pair Corr
0.75	EARAX	Eaton Vance Richard	Pair Corr
0.62	EATVX	Eaton Vance Tax	Pair Corr
0.89	ETMOX	Eaton Vance Missouri	Pair Corr

Moving against Eaton Mutual Fund

0.33

ERGMX

Eaton Vance Global

Pair Corr

Related Correlations Analysis

	ETORX	MFSCX	ETNCX	ETOHX	EANAX
ETORX		0.92	0.9	0.89	0.89	ETORX
MFSCX	0.92		0.99	0.98	0.99	MFSCX
ETNCX	0.9	0.99		1.0	0.99	ETNCX
ETOHX	0.89	0.98	1.0		0.99	ETOHX
EANAX	0.89	0.99	0.99	0.99		EANAX
	ETORX	MFSCX	ETNCX	ETOHX	EANAX

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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
ETORX	0.17	0.00	(0.17)	0.00	0.23	(0.24)	0.38	(0.38)	1.39
MFSCX	0.20	(0.01)	(0.18)	(0.15)	0.31	(0.24)	0.37	(0.45)	1.72
ETNCX	0.20	(0.01)	(0.17)	(0.20)	0.31	(0.23)	0.36	(0.48)	1.68
ETOHX	0.17	(0.01)	(0.19)	(0.60)	0.27	(0.26)	0.37	(0.37)	1.57
EANAX	0.23	(0.02)	0.00	(0.74)	0.00	0.00	0.44	(0.65)	1.85

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