Eaton Vance Tax Fund Beta
| ETG Fund | USD 18.95 0.01 0.05% |
Eaton Vance Tax 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 Fund. 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 fund.
Eaton |
Eaton Vance Tax Fund 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 | 1.34 |
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 Tax 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.
| Competition |
In accordance with the recently published financial statements, Eaton Vance Tax has a Beta of 1.34. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The beta for all United States funds 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 funds 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 currently under evaluation in beta among similar funds.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eaton Vance will likely underperform.
Eaton Fundamentals
| Return On Equity | -7.06 | ||||
| Return On Asset | 1.61 | ||||
| Profit Margin | (159.14) % | ||||
| Operating Margin | 72.75 % | ||||
| Current Valuation | 1.58 B | ||||
| Shares Outstanding | 76.32 M | ||||
| Shares Owned By Institutions | 15.56 % | ||||
| Number Of Shares Shorted | 64.37 K | ||||
| Price To Earning | 2.05 X | ||||
| Price To Book | 0.85 X | ||||
| Price To Sales | 17.80 X | ||||
| Revenue | 67.92 M | ||||
| Gross Profit | 83.38 M | ||||
| Net Income | (108.08 M) | ||||
| Cash And Equivalents | 1.53 M | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 370 M | ||||
| Debt To Equity | 0.26 % | ||||
| Current Ratio | 1.54 X | ||||
| Book Value Per Share | 18.60 X | ||||
| Cash Flow From Operations | 114.09 M | ||||
| Short Ratio | 0.43 X | ||||
| Earnings Per Share | 7.73 X | ||||
| Number Of Employees | 15 | ||||
| Beta | 1.34 | ||||
| Market Capitalization | 1.48 B | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 12.08 % | ||||
| One Year Return | 19.28 % | ||||
| Three Year Return | 4.33 % | ||||
| Five Year Return | 10.70 % | ||||
| Last Dividend Paid | 1.2 |
About Eaton Vance Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eaton Vance Tax's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eaton Vance using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eaton Vance Tax based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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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