Eaton Vance Correlations

Mutual Funds . USA . 
Fund . Eaton Vance Richard
EARAX Fund  USD 14.64  0.08  0.55%   
The current 90-days correlation between Eaton Vance Richard and Eaton Vance Msschsts is 0.18 (i.e., Average 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

Poor diversification

The correlation between Eaton Vance Richard and DJI is 0.75 (i.e., 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 nation.

Moving together with Eaton Mutual Fund

  0.71EMAIX Eaton Vance MsschstsPairCorr
  0.74EMOCX Eaton Vance MunicipalPairCorr
  0.73EMOAX Eaton Vance MunicipalPairCorr
  0.71EMOIX Eaton Vance MunicipalPairCorr
  0.8EIM Eaton Vance MbfPairCorr
  0.73ENYIX Eaton Vance NewPairCorr
  0.73ERBIX Eaton Vance RichardPairCorr
  0.75ERBCX Eaton Vance RichardPairCorr
  0.73ERBAX Eaton Vance RichardPairCorr
  0.62ERIBX Eaton Vance IncomePairCorr
  0.64ERLGX Eaton Vance AtlantaPairCorr
  0.68EAALX Eaton Vance AtlantaPairCorr
  0.69ERSIX Eaton Vance ShortPairCorr
  0.63EACOX Eaton Vance GlobalPairCorr
  0.73EACAX Eaton Vance CaliforniaPairCorr
  0.67EABSX Eaton Vance TabsPairCorr
  0.79EADIX Eaton Vance TaxPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMAIX  0.10 (0.02) 0.00  0.76  0.00 
 0.00 
 0.20 
(0.30)
 0.91 
EMOCX  0.20 (0.03) 0.00  0.68  0.00 
 0.00 
 0.35 
(0.44)
 1.59 
EMOAX  0.19 (0.03) 0.00  0.74  0.00 
 0.00 
 0.35 
(0.52)
 1.59 
EMOIX  0.19 (0.03) 0.00  0.66  0.00 
 0.00 
 0.35 
(0.44)
 1.59 
EIM  0.49 (0.06) 0.00 (0.45) 0.00 
 0.00 
 1.03 
(1.05)
 2.86 
ENYIX  0.19 (0.03) 0.00  0.56  0.00 
 0.00 
 0.32 
(0.52)
 1.48 
ERASX  0.67 (0.10) 0.00 (0.08) 0.00 
 0.00 
 1.35 
(1.12)
 6.15 
ERAMX  0.08  0.00 (0.16) 0.13  0.00 
(0.16)
 0.10 
(0.10)
 0.91 
ERBIX  0.49 (0.03) 0.00 (0.01) 0.00 
 0.00 
 0.79 
(0.94)
 4.72 
ERBCX  0.49 (0.03) 0.00 (0.02) 0.00 
 0.00 
 0.82 
(0.96)
 4.77 

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