Eaton Vance Correlations

EGRIX Fund  USD 10.87  0.02  0.18%   
The current 90-days correlation between Eaton Vance Global and Western Assets Emerging is 0.36 (i.e., Weak 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%

Weak diversification

The correlation between Eaton Vance Global and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Global 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 Global. 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 gross domestic product.

Moving together with Eaton Mutual Fund

  0.87EMAIX Eaton Vance MsschstsPairCorr
  0.63EMOAX Eaton Vance MunicipalPairCorr
  0.66EMOIX Eaton Vance MunicipalPairCorr
  0.84ERAMX Eaton Vance MultiPairCorr
  0.79EREMX Eaton Vance ParametricPairCorr
  0.84ERHIX Eaton Vance HighPairCorr
  0.81ERGOX Eaton Vance GovernmentPairCorr
  1.0ERGMX Eaton Vance GlobalPairCorr
  0.85ERIBX Eaton Vance IncomePairCorr
  0.8ERHSX Eaton Vance WorldwidePairCorr
  0.9ERISX Parametric Intl EquityPairCorr
  0.83EAAMX Eaton Vance MultiPairCorr
  0.96ERSIX Eaton Vance ShortPairCorr
  0.63EABLX Eaton Vance FloatingPairCorr
  0.83EACOX Eaton Vance GlobalPairCorr
  0.86EABSX Eaton Vance TabsPairCorr
  0.99EADOX Eaton Vance EmergingPairCorr
  0.62EADIX Eaton Vance TaxPairCorr
  0.79EAEMX Parametric EmergingPairCorr
  0.67EAFHX Eaton Vance FloatingPairCorr

Moving against Eaton Mutual Fund

  0.66ERASX Eaton Vance AtlantaPairCorr
  0.55ERBCX Eaton Vance RichardPairCorr
  0.54ERBAX Eaton Vance RichardPairCorr
  0.53ERBIX Eaton Vance RichardPairCorr
  0.45EIM Eaton Vance MbfPairCorr
  0.67ERSMX Eaton Vance AtlantaPairCorr
  0.67EAASX Eaton Vance AtlantaPairCorr
  0.53EACPX Eaton Vance TaxPairCorr
  0.44ERSGX Eaton Vance SmallPairCorr
  0.55EALCX Eaton Vance GrowthPairCorr
  0.53EAERX Eaton Vance StockPairCorr
  0.5EAFGX Eaton Vance FocusedPairCorr

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.