Eaton Vance Municipal Etf Beta
Eaton Vance Municipal fundamentals help investors to digest information that contributes to Eaton Vance's financial success or failures. It also enables traders to predict the movement of Eaton Etf. The fundamental analysis module provides a way to measure Eaton Vance's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Eaton Vance etf.
Eaton |
Eaton Vance Municipal ETF Beta Analysis
Eaton Vance's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Eaton Vance Beta | 0.36 |
Most of Eaton Vance's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Eaton Vance Municipal is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
CompetitionEaton Vance Beta Component Assessment
In accordance with the recently published financial statements, Eaton Vance Municipal has a Beta of 0.36. This is 56.1% lower than that of the Financial Services family and 70.49% lower than that of the Asset Management category. The beta for all United States etfs is notably lower than that of the firm.
Eaton Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eaton Vance's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Eaton Vance could also be used in its relative valuation, which is a method of valuing Eaton Vance by comparing valuation metrics of similar companies.Eaton Vance is one of the top ETFs in beta as compared to similar ETFs.
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.
Eaton Fundamentals
| Return On Equity | -2.14 | |||
| Return On Asset | 2.07 | |||
| Profit Margin | (33.35) % | |||
| Operating Margin | 83.39 % | |||
| Current Valuation | 184.2 M | |||
| Shares Outstanding | 10.01 M | |||
| Shares Owned By Insiders | 2.95 % | |||
| Shares Owned By Institutions | 44.76 % | |||
| Number Of Shares Shorted | 9.37 K | |||
| Price To Earning | 47.83 X | |||
| Price To Book | 0.92 X | |||
| Price To Sales | 13.68 X | |||
| Revenue | 8.6 M | |||
| Gross Profit | 8.6 M | |||
| Net Income | (2.91 M) | |||
| Cash And Equivalents | 4.52 M | |||
| Cash Per Share | 0.45 X | |||
| Total Debt | 71.56 M | |||
| Debt To Equity | 56.20 % | |||
| Current Ratio | 0.11 X | |||
| Book Value Per Share | 12.70 X | |||
| Cash Flow From Operations | 23.64 M | |||
| Short Ratio | 0.29 X | |||
| Earnings Per Share | (0.29) X | |||
| Beta | 0.36 | |||
| Market Capitalization | 119.46 M | |||
| Total Asset | 226.28 M | |||
| Retained Earnings | (31.36 M) | |||
| Z Score | 0.6 | |||
| Five Year Return | 5.36 % | |||
| Last Dividend Paid | 0.51 |
Thematic Opportunities
Explore Investment Opportunities
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Consideration for investing in Eaton Etf
If you are still planning to invest in Eaton Vance Municipal check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Eaton Vance's history and understand the potential risks before investing.
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