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Asset Comparison and Correlation

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Investment horizon: 
  30 Days    Login   to change
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 T. Rowe Price MD TaxFree Bond  vs   Eaton Vance AZ Municipal Incom
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Daily Returns (%)
ETAZX   MDXBX   
 
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Timeline
Assuming 30 trading days horizon, T Rowe Price MD TaxFree Bond is expected to under-perform the Eaton. In addition to that, T Rowe Price MD TaxFree Bond is as risky as Eaton. It trades about -0.25 of its total potential returns per unit of risk. Eaton Vance AZ Municipal Income A is currently generating about -0.12 per unit of volatility. If you would invest  997  in Eaton Vance AZ Municipal Income A on April 23, 2013 and sell it today you would lose (1.00) from holding Eaton Vance AZ Municipal Income A or give up 0.1% of portfolio value over 30 days.

Diversification

Poor diversification
Overlapping area represents amount of risk that can be diversified away by holding T. Rowe Price MD TaxFree Bond and Eaton Vance AZ Municipal Incom in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.72
Parameters
Time Period1 Month [change]
DirectionPositive ETAZX Moved Up vs MDXBX
StrengthSignificant
Accuracy86.36%
ValuesDaily Returns
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Returns   
ETAZX   MDXBX   

T Rowe Price MD TaxFree Bond

Alpha
 
Profile
    
T Rowe
Performance
0
Out Of
100
Over 30
Days
?
Over the last 30 days T Rowe Price MD TaxFree Bond has generated negative risk-adjusted returns adding no value to investors with long positions.
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Match ups for T Rowe

Franklin NC TaxFree Income A vs. T Rowe Price MD TaxFree Bond
Franklin NC TaxFree Income Adv vs. T Rowe Price MD TaxFree Bond
Franklin NC TaxFree Income C vs. T Rowe Price MD TaxFree Bond
Franklin OR TaxFree Income A vs. T Rowe Price MD TaxFree Bond
Franklin OR TaxFree Income C vs. T Rowe Price MD TaxFree Bond
Franklin OR TaxFree Income Adv vs. T Rowe Price MD TaxFree Bond
Franklin MI TaxFree Inc B vs. T Rowe Price MD TaxFree Bond
Franklin MI TaxFree Inc C vs. T Rowe Price MD TaxFree Bond
Franklin MI TaxFree Inc A vs. T Rowe Price MD TaxFree Bond
  

Eaton Vance AZ Municipal Income A

Alpha
 
Profile
    
Eaton
Performance
0
Out Of
100
Over 30
Days
?
Over the last 30 days Eaton Vance AZ Municipal Income A has generated negative risk-adjusted returns adding no value to investors with long positions.
Check Performance
Backtest
Predict Price
    

Match ups for Eaton

T Rowe Price MD TaxFree Bond vs. Eaton Vance AZ Municipal Income A
Franklin NC TaxFree Income A vs. Eaton Vance AZ Municipal Income A
Franklin NC TaxFree Income Adv vs. Eaton Vance AZ Municipal Income A
Franklin NC TaxFree Income C vs. Eaton Vance AZ Municipal Income A
Franklin OR TaxFree Income A vs. Eaton Vance AZ Municipal Income A
Franklin OR TaxFree Income C vs. Eaton Vance AZ Municipal Income A
Franklin OR TaxFree Income Adv vs. Eaton Vance AZ Municipal Income A
Franklin MI TaxFree Inc B vs. Eaton Vance AZ Municipal Income A
Franklin MI TaxFree Inc C vs. Eaton Vance AZ Municipal Income A
Franklin MI TaxFree Inc A vs. Eaton Vance AZ Municipal Income A


 
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