Eaton Vance Tax Fund Current Valuation
ETO Fund | USD 25.56 0.14 0.55% |
Valuation analysis of Eaton Vance Tax helps investors to measure Eaton Vance's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
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 $25.4 per share. The current price of the fund is $25.56. 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 25.56 | Real 25.4 | Hype 25.56 | Naive 25.13 |
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.
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: Eaton Vance Tax Fund Current Valuation Analysis
Eaton Vance's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Eaton Vance Current Valuation | 464.26 M |
Most of Eaton Vance's fundamental indicators, such as Current Valuation, 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.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Competition |
In accordance with the recently published financial statements, Eaton Vance Tax has a Current Valuation of 464.26 M. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The current valuation for all United States funds is notably lower than that of the firm.
Eaton Current Valuation 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 Current Valuation 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 current valuation among similar funds.
Eaton Fundamentals
Return On Equity | -7.67 | |||
Return On Asset | 1.25 | |||
Profit Margin | (206.10) % | |||
Operating Margin | 66.46 % | |||
Current Valuation | 464.26 M | |||
Shares Outstanding | 16.17 M | |||
Shares Owned By Institutions | 9.46 % | |||
Number Of Shares Shorted | 5.89 K | |||
Price To Earning | 55.93 X | |||
Price To Book | 0.99 X | |||
Price To Sales | 21.84 X | |||
Revenue | 16.4 M | |||
Gross Profit | 13.29 M | |||
Net Income | (33.8 M) | |||
Cash And Equivalents | 381.67 K | |||
Cash Per Share | 0.02 X | |||
Total Debt | 103 M | |||
Debt To Equity | 0.25 % | |||
Current Ratio | 1.55 X | |||
Book Value Per Share | 22.39 X | |||
Cash Flow From Operations | 11.25 M | |||
Short Ratio | 0.10 X | |||
Earnings Per Share | 0.40 X | |||
Number Of Employees | 19 | |||
Beta | 1.52 | |||
Market Capitalization | 445.37 M | |||
Annual Yield | 0 % | |||
Year To Date Return | 12.32 % | |||
One Year Return | 21.35 % | |||
Three Year Return | 2.95 % | |||
Five Year Return | 10.55 % | |||
Last Dividend Paid | 2.15 |
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.
Pair Trading with Eaton Vance
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eaton Vance position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eaton Vance will appreciate offsetting losses from the drop in the long position's value.Moving against Eaton Fund
0.39 | PG | Procter Gamble | PairCorr |
0.36 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
0.31 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
The ability to find closely correlated positions to Eaton Vance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eaton Vance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eaton Vance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eaton Vance Tax to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eaton Vance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eaton Vance Tax moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eaton Vance can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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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