Eaton Vance Correlations

ECRAX Fund

USD 14.54 0.06 0.41%

The current 90-days correlation between Eaton Vance Richard and Columbia Vertible Securities is 0.81 (i.e., Very poor 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

Poor diversification

The correlation between Eaton Vance Richard and DJI is 0.72 (i.e., Poor 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 nation.

Moving together with Eaton Mutual Fund

0.64	EIM	Eaton Vance Mbf	Pair Corr
0.7	ERBIX	Eaton Vance Richard	Pair Corr
0.71	ERBCX	Eaton Vance Richard	Pair Corr
0.7	ERBAX	Eaton Vance Richard	Pair Corr
0.67	ERIFX	Eaton Vance Balanced	Pair Corr
0.78	EAALX	Eaton Vance Atlanta	Pair Corr
0.82	EADIX	Eaton Vance Tax	Pair Corr

Related Correlations Analysis

	CSFYX	GACCX	XNCVX	AVK	HNCVX	LCFYX	VAADX
CSFYX		0.51	0.97	0.55	0.99	0.98	0.99	CSFYX
GACCX	0.51		0.42	0.01	0.38	0.39	0.42	GACCX
XNCVX	0.97	0.42		0.65	0.98	0.98	0.98	XNCVX
AVK	0.55	0.01	0.65		0.61	0.64	0.61	AVK
HNCVX	0.99	0.38	0.98	0.61		0.99	1.0	HNCVX
LCFYX	0.98	0.39	0.98	0.64	0.99		0.99	LCFYX
VAADX	0.99	0.42	0.98	0.61	1.0	0.99		VAADX
	CSFYX	GACCX	XNCVX	AVK	HNCVX	LCFYX	VAADX

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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
CSFYX	0.37	0.06	0.00	0.26	0.17	(0.42)	0.87	(0.66)	1.77
GACCX	0.54	(0.05)	(0.15)	0.04	0.65	(0.53)	1.06	(1.08)	3.19
XNCVX	0.48	0.13	0.02	1.47	0.41	(0.61)	1.08	(0.80)	2.41
AVK	0.65	0.04	(0.06)	0.27	0.79	(0.77)	1.43	(1.03)	5.25
HNCVX	0.35	0.10	0.07	0.35	0.00	(0.43)	1.08	(0.62)	2.00
LCFYX	0.37	0.09	0.04	0.32	0.00	(0.45)	1.01	(0.69)	2.22
VAADX	0.43	0.10	0.08	0.30	0.15	(0.53)	1.09	(0.84)	2.28

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Eaton Vance Correlations

Eaton Vance Correlation With Market

Poor diversification

Moving together with Eaton Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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