Eaton Vance Correlations

XEVVX Fund  USD 10.49  0.01  0.1%   
The current 90-days correlation between Eaton Vance Limited and Nuveen Minnesota Municipal is 0.29 (i.e., Modest 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

Good diversification

The correlation between Eaton Vance Limited and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Limited and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Eaton Vance Limited. 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 real.

Moving together with Eaton Mutual Fund

  0.67BRUFX Bruce Fund BrucePairCorr
  0.83KF Korea ClosedPairCorr

Moving against Eaton Mutual Fund

  0.85GRSPX Greenspring Fund RetailPairCorr
  0.84VTSAX Vanguard Total StockPairCorr
  0.84VTSMX Vanguard Total StockPairCorr
  0.84VITSX Vanguard Total StockPairCorr
  0.84VSTSX Vanguard Total StockPairCorr
  0.84VSMPX Vanguard Total StockPairCorr
  0.83VFIAX Vanguard 500 IndexPairCorr
  0.83VFINX Vanguard 500 IndexPairCorr
  0.83VFFSX Vanguard 500 IndexPairCorr
  0.83INDEX Sp 500 EqualPairCorr
  0.81SPGSX State Street PremierPairCorr
  0.8CMEUX Six Circles ManagedPairCorr
  0.77XGEIX Guggenheim Energy IncomePairCorr
  0.74VTMFX Vanguard Tax ManagedPairCorr
  0.73VWELX Vanguard WellingtonPairCorr
  0.69SCRYX Small Cap CorePairCorr
  0.88LTFOX Lord Abbett AffiliatedPairCorr
  0.86VIGAX Vanguard Growth IndexPairCorr
  0.84RQECX Resq Dynamic AllocationPairCorr
  0.83AGTHX Growth FundPairCorr
  0.83FXAIX Fidelity 500 IndexPairCorr
  0.81LLPFX Longleaf PartnersPairCorr
  0.81FCNTX Fidelity ContrafundPairCorr
  0.79RYVYX Nasdaq 100 2xPairCorr
  0.77RCILX Alternative Credit IncomePairCorr
  0.77FPURX Fidelity PuritanPairCorr
  0.76VNSNX Vaughan Nelson SelectPairCorr
  0.76SMERX Invesco Small CapPairCorr
  0.74WBCIX William Blair SmallPairCorr
  0.74RWSIX Redwood Systematic MacroPairCorr
  0.74FBALX Fidelity BalancedPairCorr
  0.7THMAX Thrivent ModeratePairCorr
  0.68FEMDX Franklin Emerging MarketPairCorr

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.