Eaton Vance Tax Fund Manager Performance Evaluation

ETO Fund  USD 26.18  0.32  1.24%   
The fund shows a Beta (market volatility) of 0.61, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eaton Vance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eaton Vance is expected to be smaller as well.

Risk-Adjusted Performance

7 of 100

 
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Compared to the overall equity markets, risk-adjusted returns on investments in Eaton Vance Tax are ranked lower than 7 (%) of all funds and portfolios of funds over the last 90 days. In spite of very healthy basic indicators, Eaton Vance is not utilizing all of its potentials. The newest stock price disarray, may contribute to short-term losses for the investors.
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ETO Trades At A Historical Discount - Seeking Alpha
10/31/2024
Expense Ratio1.1500
  

Eaton Vance Relative Risk vs. Return Landscape

If you would invest  2,515  in Eaton Vance Tax on August 31, 2024 and sell it today you would earn a total of  103.00  from holding Eaton Vance Tax or generate 4.1% return on investment over 90 days. Eaton Vance Tax is generating 0.0653% of daily returns assuming volatility of 0.7256% on return distribution over 90 days investment horizon. In other words, 6% of funds are less volatile than Eaton, and above 99% of all equities are expected to generate higher returns over the next 90 days.
  Expected Return   
       Risk  
Considering the 90-day investment horizon Eaton Vance is expected to generate 2.26 times less return on investment than the market. But when comparing it to its historical volatility, the company is 1.03 times less risky than the market. It trades about 0.09 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.2 of returns per unit of risk over similar time horizon.

Eaton Vance Current Valuation

Fairly Valued
Today
26.18
Please note that Eaton Vance's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Eaton Vance Tax shows a prevailing Real Value of $25.76 per share. The current price of the fund is $26.18. We determine the value of Eaton Vance Tax from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise obtaining undervalued funds and abandoning overvalued funds since, at some point, fund prices and their ongoing real values will submerge.
Since Eaton Vance is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Eaton Fund. However, Eaton Vance's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  26.18 Real  25.76 Hype  25.85
The intrinsic value of Eaton Vance's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Eaton Vance's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
25.76
Real Value
26.48
Upside
Estimating the potential upside or downside of Eaton Vance Tax helps investors to forecast how Eaton fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Eaton Vance more accurately as focusing exclusively on Eaton Vance's fundamentals will not take into account other important factors:
Hype
Prediction
LowEstimatedHigh
25.1325.8526.57
Details

Eaton Vance Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Eaton Vance's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Eaton Vance Tax, and traders can use it to determine the average amount a Eaton Vance's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.09

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Estimated Market Risk

 0.73
  actual daily
6
94% of assets are more volatile

Expected Return

 0.07
  actual daily
1
99% of assets have higher returns

Risk-Adjusted Return

 0.09
  actual daily
7
93% of assets perform better
Based on monthly moving average Eaton Vance is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Eaton Vance by adding it to a well-diversified portfolio.

Eaton Vance Fundamentals Growth

Eaton Fund prices reflect investors' perceptions of the future prospects and financial health of Eaton Vance, and Eaton Vance fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Eaton Fund performance.

About Eaton Vance Performance

By examining Eaton Vance's fundamental ratios, stakeholders can obtain critical insights into Eaton Vance's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Eaton Vance is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. It invests in public equity markets across the globe. The fund seeks to invest in the stocks of companies operating across diversified sectors. It primarily invests in dividend paying value stocks of companies. The fund employs fundamental analysis to create its portfolio. It benchmarks the performance of its portfolio against the MSCI World Index. Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund was formed on April 30, 2004 and is domiciled in the United States.

Things to note about Eaton Vance Tax performance evaluation

Checking the ongoing alerts about Eaton Vance for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Eaton Vance Tax help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Evaluating Eaton Vance's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Eaton Vance's fund performance include:
  • Analyzing Eaton Vance's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Eaton Vance's stock is overvalued or undervalued compared to its peers.
  • Examining Eaton Vance's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Eaton Vance's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Eaton Vance's management team can help you assess the Fund's leadership.
  • Pay attention to analyst opinions and ratings of Eaton Vance's fund. These opinions can provide insight into Eaton Vance's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Eaton Vance's fund performance is not an exact science, and many factors can impact Eaton Vance's fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Other Information on Investing in Eaton Fund

Eaton Vance financial ratios help investors to determine whether Eaton Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eaton with respect to the benefits of owning Eaton Vance security.
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