Eaton Vance Municipal Stock Beta
| EVN Stock | USD 10.39 0.04 0.38% |
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 Stock. 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 stock.
Eaton | Beta |
Eaton Vance Municipal Company 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 | 0.5 |
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.
Eaton Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Eaton Vance is extremely important. It helps to project a fair market value of Eaton Stock properly, considering its historical fundamentals such as Beta. Since Eaton Vance's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Eaton Vance's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Eaton Vance's interrelated accounts and indicators.
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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 Municipal has a Beta of 0.501. This is 38.9% lower than that of the Capital Markets sector and 58.93% lower than that of the Financials industry. The beta for all United States stocks 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 stocks 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 category among its peers.
Eaton Vance Current Valuation Drivers
We derive many important indicators used in calculating different scores of Eaton Vance from analyzing Eaton Vance's financial statements. These drivers represent accounts that assess Eaton Vance's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Eaton Vance's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 525.6M | 543.4M | 406.6M | 378.4M | 340.6M | 285.7M | |
| Enterprise Value | 826.7M | 826.5M | 630.7M | 549.6M | 494.6M | 449.7M |
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 | 0.0396 | ||||
| Return On Asset | 0.0245 | ||||
| Profit Margin | 0.61 % | ||||
| Operating Margin | 0.85 % | ||||
| Current Valuation | 557.58 M | ||||
| Shares Outstanding | 39.67 M | ||||
| Shares Owned By Institutions | 20.99 % | ||||
| Number Of Shares Shorted | 52.71 K | ||||
| Price To Earning | 11.33 X | ||||
| Price To Book | 0.93 X | ||||
| Price To Sales | 14.39 X | ||||
| Revenue | 15.05 M | ||||
| Gross Profit | 29.61 M | ||||
| EBITDA | 13.29 M | ||||
| Net Income | 13.29 M | ||||
| Cash And Equivalents | 4.66 M | ||||
| Cash Per Share | 0.12 X | ||||
| Total Debt | 171.29 M | ||||
| Debt To Equity | 0.57 % | ||||
| Current Ratio | 2.79 X | ||||
| Book Value Per Share | 11.13 X | ||||
| Cash Flow From Operations | 71.8 M | ||||
| Short Ratio | 0.50 X | ||||
| Earnings Per Share | 0.44 X | ||||
| Beta | 0.5 | ||||
| Market Capitalization | 412.14 M | ||||
| Total Asset | 617.66 M | ||||
| Retained Earnings | (36.6 M) | ||||
| Annual Yield | 0.06 % | ||||
| Five Year Return | 4.79 % | ||||
| Net Asset | 617.66 M | ||||
| Last Dividend Paid | 0.5 |
About Eaton Vance Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eaton Vance Municipal'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 Municipal based on its fundamental data. In general, a quantitative approach, as applied to this company, 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 Stock
| 0.83 | LC | LendingClub Corp | PairCorr |
| 0.72 | MS | Morgan Stanley Sell-off Trend | PairCorr |
| 0.7 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.63 | DIST | Distoken Acquisition | PairCorr |
| 0.58 | AB | AllianceBernstein | 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 Municipal 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 Municipal 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.Check out Eaton Vance Piotroski F Score and Eaton Vance Altman Z Score analysis. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eaton Vance. If investors know Eaton will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eaton Vance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.586 | Dividend Share 0.497 | Earnings Share 0.44 | Revenue Per Share 0.722 | Quarterly Revenue Growth (0.01) |
The market value of Eaton Vance Municipal is measured differently than its book value, which is the value of Eaton that is recorded on the company's balance sheet. Investors also form their own opinion of Eaton Vance's value that differs from its market value or its book value, called intrinsic value, which is Eaton Vance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eaton Vance's market value can be influenced by many factors that don't directly affect Eaton Vance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eaton Vance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eaton Vance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eaton Vance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.