Tax-exempt Fund Correlations

EXCAX Fund

USD 16.88 0.01 0.06%

The current 90-days correlation between Tax Exempt Fund and Rbb Fund is 0.13 (i.e., Average diversification). The correlation of Tax-exempt Fund 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.

Tax-exempt Fund Correlation With Market

Very good diversification

The correlation between Tax Exempt Fund Of and DJI is -0.32 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tax Exempt Fund Of 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 Tax Exempt Fund Of. 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 nation.

Moving together with Tax-exempt Mutual Fund

0.95	EMAIX	Eaton Vance Msschsts	Pair Corr
0.99	EMOCX	Eaton Vance Municipal	Pair Corr
0.99	EMOAX	Eaton Vance Municipal	Pair Corr
0.88	EMOIX	Eaton Vance Municipal	Pair Corr
0.78	EIM	Eaton Vance Mbf	Pair Corr
0.84	ENYIX	Eaton Vance New	Pair Corr
0.65	ERGOX	Eaton Vance Government	Pair Corr
0.79	ERSIX	Eaton Vance Short	Pair Corr
0.99	EACAX	Eaton Vance California	Pair Corr
0.94	EABSX	Eaton Vance Tabs	Pair Corr

Moving against Tax-exempt Mutual Fund

0.32	EACPX	Eaton Vance Tax	Pair Corr
0.33	EAFGX	Eaton Vance Focused	Pair Corr
0.33	EALCX	Eaton Vance Growth	Pair Corr

Related Correlations Analysis

	OPTCX	ARCHX	LMUSX	LIGFX	AUERX	VSTCX	SMPIX
OPTCX		0.63	0.97	0.84	0.63	0.94	0.78	OPTCX
ARCHX	0.63		0.67	0.85	0.71	0.57	0.66	ARCHX
LMUSX	0.97	0.67		0.83	0.66	0.96	0.87	LMUSX
LIGFX	0.84	0.85	0.83		0.77	0.82	0.65	LIGFX
AUERX	0.63	0.71	0.66	0.77		0.65	0.64	AUERX
VSTCX	0.94	0.57	0.96	0.82	0.65		0.75	VSTCX
SMPIX	0.78	0.66	0.87	0.65	0.64	0.75		SMPIX
	OPTCX	ARCHX	LMUSX	LIGFX	AUERX	VSTCX	SMPIX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Tax-exempt Mutual Fund performing well and Tax-exempt Fund 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 Tax-exempt Fund'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
OPTCX	0.16	0.04	(0.39)	1.11	0.00	(0.24)	0.41	(0.21)	1.07
ARCHX	0.35	0.02	(0.20)	0.82	0.36	(0.40)	0.67	(0.71)	1.69
LMUSX	0.62	0.13	0.02	2.77	0.72	(0.71)	1.52	(1.49)	4.15
LIGFX	0.25	0.02	(0.29)	0.63	0.20	(0.29)	0.62	(0.50)	1.31
AUERX	0.73	(0.08)	(0.08)	0.03	0.96	(0.77)	1.62	(1.45)	4.29
VSTCX	0.89	0.17	0.06	1.43	0.81	(0.99)	2.14	(1.52)	6.89
SMPIX	2.73	0.16	0.01	(1.68)	3.97	(2.47)	5.38	(6.39)	18.07

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