Eaton Vance Correlations

EVBLX Fund  USD 8.67  0.01  0.12%   
The current 90-days correlation between Eaton Vance Floating and Qs Moderate Growth is 0.01 (i.e., Significant 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

Significant diversification

The correlation between Eaton Vance Floating Rate and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Floating Rate 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 Floating Rate. 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 bureau of economic analysis.

Moving together with Eaton Mutual Fund

  0.77ERASX Eaton Vance AtlantaPairCorr
  0.95ERAMX Eaton Vance MultiPairCorr
  0.63ERBIX Eaton Vance RichardPairCorr
  0.61ERBCX Eaton Vance RichardPairCorr
  0.63ERBAX Eaton Vance RichardPairCorr
  0.77ERHIX Eaton Vance HighPairCorr
  0.71ERIFX Eaton Vance BalancedPairCorr
  0.61ERIBX Eaton Vance IncomePairCorr
  0.81ERLVX Eaton Vance LargePairCorr
  0.8ERSTX Eaton Vance LargePairCorr
  0.77ERSMX Eaton Vance AtlantaPairCorr
  0.75ERSGX Eaton Vance SmallPairCorr
  1.0EABLX Eaton Vance FloatingPairCorr
  0.77EAASX Eaton Vance AtlantaPairCorr
  0.81EACPX Eaton Vance TaxPairCorr
  0.9EADOX Eaton Vance EmergingPairCorr
  0.79EAERX Eaton Vance StockPairCorr
  0.78EAEAX Eaton Vance TaxPairCorr
  0.83EAFVX Eaton Vance ValPairCorr
  0.99EAFHX Eaton Vance FloatingPairCorr
  0.77EAFGX Eaton Vance FocusedPairCorr
  1.0EAFAX Eaton Vance FloatingPairCorr
  0.84EAGMX Eaton Vance GlobalPairCorr

Moving against Eaton Mutual Fund

  0.9ERHSX Eaton Vance WorldwidePairCorr
  0.82ERISX Parametric Intl EquityPairCorr
  0.7EACOX Eaton Vance GlobalPairCorr
  0.55EABSX Eaton Vance TabsPairCorr
  0.85EAIIX Eaton Vance DiversifiedPairCorr
  0.82EAISX Parametric InternationalPairCorr
  0.82ESISX Parametric Intl EquityPairCorr
  0.73EBABX Eaton Vance EPairCorr
  0.67EALDX Eaton Vance ShortPairCorr
  0.67EASDX Eaton Vance ShortPairCorr
  0.63ESIIX Eaton Vance ShortPairCorr
  0.41EALTX Ev Tab LadPairCorr
  0.33EALBX Eaton Vance TabsPairCorr

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.