Eaton Roic vs Net Income Per Share Analysis

EVN Stock  USD 10.39  0.04  0.38%   
Eaton Vance financial indicator trend analysis is much more than just examining Eaton Vance Municipal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eaton Vance Municipal is a good investment. Please check the relationship between Eaton Vance Roic and its Net Income Per Share accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Municipal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Roic vs Net Income Per Share

Roic vs Net Income Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eaton Vance Municipal Roic account and Net Income Per Share. At this time, the significance of the direction appears to have strong relationship.
The correlation between Eaton Vance's Roic and Net Income Per Share is 0.63. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Eaton Vance Municipal, assuming nothing else is changed. The correlation between historical values of Eaton Vance's Roic and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Eaton Vance Municipal are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Roic i.e., Eaton Vance's Roic and Net Income Per Share go up and down completely randomly.

Correlation Coefficient

0.63
Relationship DirectionPositive 
Relationship StrengthSignificant

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Net Income Per Share

Most indicators from Eaton Vance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eaton Vance Municipal current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Municipal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
At this time, Eaton Vance's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 24th of November 2024, Enterprise Value Multiple is likely to grow to 30.38, while Selling General Administrative is likely to drop about 1.6 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses2.0M1.8M2.0M1.9M
Cost Of Revenue4.9M4.2M4.8M6.6M

Eaton Vance fundamental ratios Correlations

-0.17-0.120.890.840.630.470.99-0.790.720.470.58-0.580.840.710.770.890.8-0.430.050.810.820.940.840.790.78
-0.170.99-0.07-0.54-0.01-0.22-0.150.07-0.25-0.22-0.220.39-0.29-0.19-0.55-0.24-0.310.76-0.07-0.32-0.37-0.27-0.4-0.39-0.3
-0.120.99-0.02-0.5-0.02-0.2-0.10.01-0.22-0.2-0.160.29-0.2-0.17-0.49-0.2-0.220.730.05-0.26-0.29-0.22-0.35-0.3-0.22
0.89-0.07-0.020.570.520.350.89-0.810.480.350.63-0.420.790.480.650.590.73-0.19-0.060.860.660.910.60.680.81
0.84-0.54-0.50.570.540.530.82-0.530.750.530.41-0.60.730.730.830.930.71-0.750.10.630.820.760.890.750.62
0.63-0.01-0.020.520.540.550.63-0.530.740.550.04-0.220.230.670.160.610.480.0-0.180.50.290.630.660.250.19
0.47-0.22-0.20.350.530.550.44-0.360.591.00.01-0.070.240.290.340.490.65-0.320.30.270.20.410.420.120.15
0.99-0.15-0.10.890.820.630.44-0.820.740.440.57-0.640.860.70.760.880.79-0.390.070.840.840.950.850.820.8
-0.790.070.01-0.81-0.53-0.53-0.36-0.82-0.7-0.36-0.550.63-0.66-0.44-0.54-0.6-0.670.21-0.21-0.71-0.56-0.82-0.6-0.57-0.62
0.72-0.25-0.220.480.750.740.590.74-0.70.590.21-0.620.480.540.480.810.63-0.320.110.570.580.730.820.520.39
0.47-0.22-0.20.350.530.551.00.44-0.360.590.01-0.070.240.290.340.490.65-0.320.30.270.20.410.420.120.15
0.58-0.22-0.160.630.410.040.010.57-0.550.210.01-0.490.690.20.610.40.67-0.390.160.520.590.510.360.610.67
-0.580.390.29-0.42-0.6-0.22-0.07-0.640.63-0.62-0.07-0.49-0.7-0.41-0.61-0.62-0.570.42-0.41-0.68-0.81-0.66-0.72-0.83-0.7
0.84-0.29-0.20.790.730.230.240.86-0.660.480.240.69-0.70.440.920.70.71-0.450.210.840.950.820.650.930.96
0.71-0.19-0.170.480.730.670.290.7-0.440.540.290.2-0.410.440.480.790.4-0.470.020.450.560.620.740.50.34
0.77-0.55-0.490.650.830.160.340.76-0.540.480.340.61-0.610.920.480.720.65-0.720.210.70.880.720.630.830.83
0.89-0.24-0.20.590.930.610.490.88-0.60.810.490.4-0.620.70.790.720.71-0.590.140.580.810.760.90.720.57
0.8-0.31-0.220.730.710.480.650.79-0.670.630.650.67-0.570.710.40.650.71-0.450.340.670.680.740.710.660.67
-0.430.760.73-0.19-0.750.0-0.32-0.390.21-0.32-0.32-0.390.42-0.45-0.47-0.72-0.59-0.45-0.25-0.21-0.53-0.32-0.52-0.46-0.34
0.05-0.070.05-0.060.1-0.180.30.07-0.210.110.30.16-0.410.210.020.210.140.34-0.25-0.040.19-0.03-0.010.140.12
0.81-0.32-0.260.860.630.50.270.84-0.710.570.270.52-0.680.840.450.70.580.67-0.21-0.040.80.940.730.860.91
0.82-0.37-0.290.660.820.290.20.84-0.560.580.20.59-0.810.950.560.880.810.68-0.530.190.80.80.80.980.9
0.94-0.27-0.220.910.760.630.410.95-0.820.730.410.51-0.660.820.620.720.760.74-0.32-0.030.940.80.850.820.83
0.84-0.4-0.350.60.890.660.420.85-0.60.820.420.36-0.720.650.740.630.90.71-0.52-0.010.730.80.850.790.62
0.79-0.39-0.30.680.750.250.120.82-0.570.520.120.61-0.830.930.50.830.720.66-0.460.140.860.980.820.790.94
0.78-0.3-0.220.810.620.190.150.8-0.620.390.150.67-0.70.960.340.830.570.67-0.340.120.910.90.830.620.94
Click cells to compare fundamentals

Eaton Vance Account Relationship Matchups

Eaton Vance fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets866.5M865.1M680.8M617.7M710.3M594.1M
Other Current Liab(555.4K)(6.9M)(4.9M)(4.9M)(4.4M)(4.2M)
Total Current Liabilities555.4K6.9M4.9M7.3M6.6M6.2M
Total Stockholder Equity560.3M564.4M446.3M440.8M506.9M437.6M
Net Debt301.1M283.0M224.1M171.2M196.8M136.6M
Retained Earnings81.3M85.4M(32.7M)(36.6M)(42.1M)(40.0M)
Cash3.9M10.0M4.9M134.8K155.0K147.2K
Non Current Assets Total852.2M844.5M664.0M605.9M696.8M573.9M
Non Currrent Assets Other(852.2M)(844.5M)(664.0M)(605.9M)(545.3M)(572.6M)
Other Assets866.5M865.1M680.8M118.2K135.9K129.1K
Cash And Short Term Investments3.9M10.0M4.9M134.8K155.0K147.2K
Net Receivables10.4M10.5M11.9M11.5M13.2M10.6M
Liabilities And Stockholders Equity866.5M865.1M680.8M617.7M710.3M594.1M
Non Current Liabilities Total305.0M293.1M4.9M171.3M197.0M156.0M
Other Stockholder Equity478.7M478.6M478.6M477.0M548.5M283.0M
Total Liab306.2M300.7M234.5M176.9M203.4M156.6M
Total Current Assets14.3M20.5M16.8M11.6M13.4M12.9M
Accounts Payable555.4K6.9M4.9M4.9M5.7M3.7M
Net Tangible Assets547.0M560.3M564.4M446.3M513.3M429.9M
Long Term Debt203.6M318.2M305.0M293.1M337.0M217.4M
Long Term Investments852.2M844.5M664.0M605.9M696.8M647.6M
Short Long Term Debt Total305.0M293.1M229.0M171.3M197.0M235.0M
Long Term Debt Total203.6M318.2M305.0M293.1M337.0M267.4M
Other Current Assets(14.3M)(20.5M)(16.8M)(11.6M)(10.5M)(11.0M)
Net Invested Capital865.3M857.5M675.3M612.1M703.9M760.9M

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

  0.83LC LendingClub CorpPairCorr
  0.72MS Morgan Stanley Sell-off TrendPairCorr
  0.7GS Goldman Sachs Group Fiscal Year End 21st of January 2025 PairCorr
  0.63DIST Distoken AcquisitionPairCorr
  0.58AB AllianceBernsteinPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether Eaton Vance Municipal offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eaton Vance's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eaton Vance Municipal Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eaton Vance Municipal Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Municipal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.