Eaton Vance Enhanced Etf Market Value
| EOS Etf | USD 23.15 0.12 0.52% |
| Symbol | Eaton |
The market value of Eaton Vance Enhanced 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.
Eaton Vance 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Eaton Vance's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Eaton Vance.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in Eaton Vance on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding Eaton Vance Enhanced or generate 0.0% return on investment in Eaton Vance over 600 days. Eaton Vance is related to or competes with Columbia Seligman, BlackRock Utility, BlackRock Health, BlackRock Science, BlackRock Health, Blackrock Enhanced, and Cohen. Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Mana... More
Eaton Vance Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Eaton Vance's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Eaton Vance Enhanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7905 | |||
| Information Ratio | 0.0439 | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.8 |
Eaton Vance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eaton Vance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eaton Vance's standard deviation. In reality, there are many statistical measures that can use Eaton Vance historical prices to predict the future Eaton Vance's volatility.| Risk Adjusted Performance | 0.132 | |||
| Jensen Alpha | 0.0595 | |||
| Total Risk Alpha | 0.0253 | |||
| Sortino Ratio | 0.0476 | |||
| Treynor Ratio | 0.1756 |
Eaton Vance Enhanced Backtested Returns
Currently, Eaton Vance Enhanced is very steady. Eaton Vance Enhanced secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the etf had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eaton Vance Enhanced, which you can use to evaluate the volatility of the entity. Please confirm Eaton Vance's Coefficient Of Variation of 582.88, mean deviation of 0.6562, and Downside Deviation of 0.7905 to check if the risk estimate we provide is consistent with the expected return of 0.14%. The etf shows a Beta (market volatility) of 0.78, which means possible diversification benefits within a given portfolio. 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.
Auto-correlation | 0.81 |
Very good predictability
Eaton Vance Enhanced has very good predictability. Overlapping area represents the amount of predictability between Eaton Vance time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eaton Vance Enhanced price movement. The serial correlation of 0.81 indicates that around 81.0% of current Eaton Vance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 |
Eaton Vance Enhanced lagged returns against current returns
Autocorrelation, which is Eaton Vance etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Eaton Vance's etf expected returns. We can calculate the autocorrelation of Eaton Vance returns to help us make a trade decision. For example, suppose you find that Eaton Vance has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Eaton Vance regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Eaton Vance etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eaton Vance etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eaton Vance etf over time.
Current vs Lagged Prices |
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Eaton Vance Lagged Returns
When evaluating Eaton Vance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eaton Vance etf have on its future price. Eaton Vance autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Eaton Vance autocorrelation shows the relationship between Eaton Vance etf current value and its past values and can show if there is a momentum factor associated with investing in Eaton Vance Enhanced.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Eaton Etf
Eaton Vance financial ratios help investors to determine whether Eaton Etf 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.