Eaton Vance Correlations

EEICX Fund

USD 3.28 0.02 0.61%

The current 90-days correlation between Eaton Vance Emerging and HUMANA INC is -0.12 (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

Average diversification

The correlation between Eaton Vance Emerging and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Emerging 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 Emerging. 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

0.74	EALTX	Ev Tab Lad	Pair Corr
0.9	ETGIX	Eaton Vance Greater	Pair Corr
0.89	ETIGX	Parametric Tax Managed	Pair Corr
0.64	ETMOX	Eaton Vance Missouri	Pair Corr
0.66	ETORX	Eaton Vance Oregon	Pair Corr
0.89	ETSIX	Eaton Vance Short	Pair Corr
0.63	ECCAX	Eaton Vance California	Pair Corr
0.86	ECBSX	Eaton Vance Tabs	Pair Corr
0.72	ECOHX	Eaton Vance Ohio	Pair Corr
0.9	ECSIX	Eaton Vance Short	Pair Corr
0.69	ECSCX	Eaton Vance South	Pair Corr

Moving against Eaton Mutual Fund

0.78	ECBLX	Eaton Vance Floating	Pair Corr
0.65	ERAMX	Eaton Vance Multi	Pair Corr
0.64	ERSTX	Eaton Vance Large	Pair Corr
0.63	ERSGX	Eaton Vance Small	Pair Corr
0.63	ETMGX	Eaton Vance Tax	Pair Corr
0.62	ERLVX	Eaton Vance Large	Pair Corr
0.62	EAEAX	Eaton Vance Tax	Pair Corr
0.62	ECAMX	Eaton Vance Multi	Pair Corr
0.61	EADOX	Eaton Vance Emerging	Pair Corr
0.55	EATVX	Eaton Vance Tax	Pair Corr
0.53	EAGMX	Eaton Vance Global	Pair Corr
0.4	EAMLX	Eaton Vance National	Pair Corr
0.39	ERBAX	Eaton Vance Richard	Pair Corr
0.34	ERHIX	Eaton Vance High	Pair Corr
0.79	EVBLX	Eaton Vance Floating	Pair Corr
0.78	EIBLX	Eaton Vance Floating	Pair Corr
0.74	EVFHX	Eaton Vance Floating	Pair Corr
0.66	EXTGX	Eaton Vance Tax	Pair Corr
0.65	ECTGX	Eaton Vance Tax	Pair Corr
0.63	ECTMX	Eaton Vance Dividend	Pair Corr
0.62	ECSMX	Eaton Vance Small	Pair Corr
0.62	EHSTX	Eaton Vance Large	Pair Corr
0.44	ECGMX	Eaton Vance Global	Pair Corr
0.44	ECIFX	Eaton Vance Balanced	Pair Corr
0.44	EVIFX	Eaton Vance Balanced	Pair Corr

Related Correlations Analysis

	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX	RRTLX
444859BR2		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	-0.69	-0.44	444859BR2
AQUI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	-0.32	-0.47	BRRAY
MSTSX	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	0.75	0.81	MSTSX
LBHIX	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	0.68	0.69	LBHIX
ABHYX	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	0.07	0.41	ABHYX
SCAXF	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	-0.43	-0.07	SCAXF
VIASP	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		0.41	0.01	VIASP
AAEVX	-0.69	0.0	-0.32	0.75	0.68	0.07	-0.43	0.41		0.82	AAEVX
RRTLX	-0.44	0.0	-0.47	0.81	0.69	0.41	-0.07	0.01	0.82		RRTLX
	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX	RRTLX

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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

RRTLX	+ 0.82	AAEVX
RRTLX	+ 0.81	MSTSX
AAEVX	+ 0.75	MSTSX
RRTLX	+ 0.69	LBHIX
AAEVX	+ 0.68	LBHIX
LBHIX	+ 0.67	MSTSX

High negative correlations

VIASP	- 0.8	SCAXF
AAEVX	- 0.69	444859BR2
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
RRTLX	- 0.47	BRRAY
MSTSX	- 0.45	BRRAY

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
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18
AAEVX	0.48	0.05	(0.10)	(2.13)	0.54	(0.57)	0.93	(0.77)	2.76
RRTLX	0.23	0.00	(0.34)	0.13	0.26	(0.26)	0.48	(0.56)	1.36

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