Eaton Vance Correlations

ECASX Fund  USD 27.48  0.22  0.81%   
The current 90-days correlation between Eaton Vance Atlntcptl and Neuberger Berman Real is -0.04 (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

EatonDowDiversified AwayEatonDowDiversified Away100%

Modest diversification

The correlation between Eaton Vance Atlntcptl and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Atlntcptl 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 Atlntcptl. 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 state.

Moving together with Eaton Mutual Fund

  1.0ERASX Eaton Vance AtlantaPairCorr
  0.72ERBIX Eaton Vance RichardPairCorr
  0.67ERIFX Eaton Vance BalancedPairCorr
  0.65ERSTX Eaton Vance LargePairCorr
  0.81ERSGX Eaton Vance SmallPairCorr
  0.73EACPX Eaton Vance TaxPairCorr
  0.72EAERX Eaton Vance StockPairCorr
  0.74EAFVX Eaton Vance ValPairCorr
  0.7EAFGX Eaton Vance FocusedPairCorr

Moving against Eaton Mutual Fund

  0.58ERGMX Eaton Vance GlobalPairCorr
  0.48EABLX Eaton Vance FloatingPairCorr
  0.37EAAMX Eaton Vance MultiPairCorr
  0.35ERAMX Eaton Vance MultiPairCorr
  0.32ERSIX Eaton Vance ShortPairCorr
  0.65EAGMX Eaton Vance GlobalPairCorr
  0.54EADOX Eaton Vance EmergingPairCorr
  0.51ESBLX Eaton Vance FloatingPairCorr
  0.48EAFAX Eaton Vance FloatingPairCorr
  0.44EAFHX Eaton Vance FloatingPairCorr
  0.42EAPCX Parametric CommodityPairCorr
  0.39EARRX Eaton Vance ShortPairCorr
  0.36ESHIX Eaton Vance ShortPairCorr
  0.35ESIIX Eaton Vance ShortPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
TIREXNBRFX
REPIXNBRFX
MRESXNBRFX
REPIXTIREX
MRESXTIREX
MRESXREPIX
  
High negative correlations   
SRPIXREPIX
SRPIXTIREX
SRPIXNBRFX
MRESXSRPIX
SRPIXFIKMX
MRESXCREMX

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.

Discover investing ideas

Utilize additional investing modules