Eaton Vance Correlations

ERBCX Fund

USD 18.69 0.09 0.48%

The current 90-days correlation between Eaton Vance Richard and American Funds Capital is -0.07 (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

Very poor diversification

The correlation between Eaton Vance Richard and DJI is 0.84 (i.e., Very 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 main economic indicators.

Moving together with Eaton Mutual Fund

0.93	ERASX	Eaton Vance Atlanta	Pair Corr
0.62	ERAMX	Eaton Vance Multi	Pair Corr
1.0	ERBIX	Eaton Vance Richard	Pair Corr
1.0	ERBAX	Eaton Vance Richard	Pair Corr
0.62	EREMX	Eaton Vance Parametric	Pair Corr
0.65	ERHIX	Eaton Vance High	Pair Corr
0.62	ERGMX	Eaton Vance Global	Pair Corr
0.94	ERIFX	Eaton Vance Balanced	Pair Corr
0.9	ERLVX	Eaton Vance Large	Pair Corr
0.61	EAAMX	Eaton Vance Multi	Pair Corr
0.82	ERSTX	Eaton Vance Large	Pair Corr
0.86	ERSMX	Eaton Vance Atlanta	Pair Corr
0.79	ERSGX	Eaton Vance Small	Pair Corr
0.61	EABLX	Eaton Vance Floating	Pair Corr
0.93	EAASX	Eaton Vance Atlanta	Pair Corr
0.89	EACPX	Eaton Vance Tax	Pair Corr
0.77	EADOX	Eaton Vance Emerging	Pair Corr
0.62	EADIX	Eaton Vance Tax	Pair Corr
0.94	EAERX	Eaton Vance Stock	Pair Corr
0.62	EAEMX	Parametric Emerging	Pair Corr
0.84	EAEAX	Eaton Vance Tax	Pair Corr
0.9	EAFVX	Eaton Vance Val	Pair Corr
0.84	EAFGX	Eaton Vance Focused	Pair Corr

Moving against Eaton Mutual Fund

0.56	ERGOX	Eaton Vance Government	Pair Corr
0.51	ERHSX	Eaton Vance Worldwide	Pair Corr
0.43	ERSIX	Eaton Vance Short	Pair Corr
0.52	EALDX	Eaton Vance Short	Pair Corr
0.51	EAGIX	Eaton Vance Core	Pair Corr

Related Correlations Analysis

	FCWGX	FWCGX	CWGIX	CWGFX	CWGCX	RWIFX	CWICX	RWIAX	WGIFX
FCWGX		1.0	0.91	0.91	1.0	1.0	0.91	0.91	0.91	FCWGX
FWCGX	1.0		0.91	0.91	1.0	1.0	0.91	0.91	0.91	FWCGX
CWGIX	0.91	0.91		1.0	0.91	0.91	1.0	1.0	1.0	CWGIX
CWGFX	0.91	0.91	1.0		0.91	0.91	1.0	1.0	1.0	CWGFX
CWGCX	1.0	1.0	0.91	0.91		1.0	0.91	0.91	0.91	CWGCX
RWIFX	1.0	1.0	0.91	0.91	1.0		0.91	0.91	0.91	RWIFX
CWICX	0.91	0.91	1.0	1.0	0.91	0.91		1.0	1.0	CWICX
RWIAX	0.91	0.91	1.0	1.0	0.91	0.91	1.0		1.0	RWIAX
WGIFX	0.91	0.91	1.0	1.0	0.91	0.91	1.0	1.0		WGIFX
	FCWGX	FWCGX	CWGIX	CWGFX	CWGCX	RWIFX	CWICX	RWIAX	WGIFX

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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
FCWGX	0.55	0.01	(0.10)	(0.29)	0.74	(0.57)	1.17	(1.36)	3.48
FWCGX	0.55	0.01	(0.10)	(0.36)	0.74	(0.58)	1.18	(1.38)	3.48
CWGIX	0.55	(0.05)	(0.09)	0.02	0.74	(0.57)	1.18	(1.36)	3.49
CWGFX	0.55	(0.05)	(0.10)	0.02	0.74	(0.57)	1.17	(1.36)	3.49
CWGCX	0.56	0.01	(0.10)	(0.22)	0.75	(0.57)	1.17	(1.36)	3.49
RWIFX	0.55	0.01	(0.10)	(0.36)	0.74	(0.57)	1.18	(1.36)	3.48
CWICX	0.55	(0.05)	(0.10)	0.01	0.75	(0.57)	1.18	(1.37)	3.50
RWIAX	0.55	(0.05)	(0.10)	0.01	0.75	(0.57)	1.17	(1.36)	3.50
WGIFX	0.55	(0.05)	(0.09)	0.02	0.74	(0.58)	1.19	(1.36)	3.47

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