Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance South
ECSCX Fund  USD 9.12  0.03  0.33%   
The current 90-days correlation between Eaton Vance South and Colorado Bondshares A is 0.1 (i.e., Average 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 0.15 (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

  0.83EMAIX Eaton Vance MsschstsPairCorr
  0.99EMOCX Eaton Vance MunicipalPairCorr
  0.99EMOAX Eaton Vance MunicipalPairCorr
  0.99EMOIX Eaton Vance MunicipalPairCorr
  0.85EIM Eaton Vance MbfPairCorr
  0.63ERBIX Eaton Vance RichardPairCorr
  0.76ERGOX Eaton Vance GovernmentPairCorr
  0.65ERIFX Eaton Vance BalancedPairCorr
  0.64EAERX Eaton Vance StockPairCorr
  0.66EAEAX Eaton Vance TaxPairCorr
  0.84EAGIX Eaton Vance CorePairCorr
  0.99EANAX Eaton Vance NationalPairCorr
  0.72EARAX Eaton Vance RichardPairCorr
  0.61ESEIX Eaton Vance AtlantaPairCorr
  1.0EASCX Eaton Vance SouthPairCorr
  0.63EATVX Eaton Vance TaxPairCorr
  0.99ETMOX Eaton Vance MissouriPairCorr

Related Correlations Analysis

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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.

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