Eaton Vance Short Etf Market Value
| EVG Etf | USD 11.04 0.03 0.27% |
| Symbol | Eaton |
The market value of Eaton Vance Short 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.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Eaton Vance on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Eaton Vance Short or generate 0.0% return on investment in Eaton Vance over 30 days. Eaton Vance is related to or competes with RiverNorth Flexible, DWS Municipal, Blackrock Munivest, MFS Municipal, Alliancebernstein, Allianzgi Diversified, and Ares Dynamic. Eaton Vance Short Duration Diversified Income Fund is a closed ended fixed income mutual fund launched and managed by Ea... 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 Short upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5391 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 3.07 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 0.816 |
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 | 0.049 | |||
| Jensen Alpha | 0.0171 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.3182 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eaton Vance's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Eaton Vance Short Backtested Returns
At this point, Eaton Vance is very steady. Eaton Vance Short secures Sharpe Ratio (or Efficiency) of 0.0471, which denotes the etf had a 0.0471% return per unit of risk over the last 3 months. We have found thirty technical indicators for Eaton Vance Short, which you can use to evaluate the volatility of the entity. Please confirm Eaton Vance's Downside Deviation of 0.5391, coefficient of variation of 1441.93, and Mean Deviation of 0.399 to check if the risk estimate we provide is consistent with the expected return of 0.0257%. The etf shows a Beta (market volatility) of 0.0866, which means not very significant fluctuations relative to the market. 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 | -0.39 |
Poor reverse predictability
Eaton Vance Short has poor reverse predictability. Overlapping area represents the amount of predictability between Eaton Vance time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Short price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Eaton Vance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Eaton Vance Short 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 Short.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Eaton Vance Short is a strong investment it is important to analyze Eaton Vance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Eaton Vance's future performance. For an informed investment choice regarding Eaton Etf, refer to the following important reports:Check out Eaton Vance Correlation, Eaton Vance Volatility and Eaton Vance Alpha and Beta module to complement your research on Eaton Vance. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Eaton Vance technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.