EATON VANCE P Market Value
| 278265AE3 | 95.29 1.91 1.97% |
| Symbol | EATON |
EATON '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's bond 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.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in EATON on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding EATON VANCE P or generate 0.0% return on investment in EATON over 180 days. EATON is related to or competes with Asure Software, Afya, Arrow Electronics, GameStop Corp, and Evolution Gaming. More
EATON 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's bond 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 P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.54) | |||
| Maximum Drawdown | 1.41 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.3263 |
EATON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EATON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EATON's standard deviation. In reality, there are many statistical measures that can use EATON historical prices to predict the future EATON's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.59) |
EATON VANCE P Backtested Returns
EATON VANCE P secures Sharpe Ratio (or Efficiency) of -0.0881, which denotes the bond had a -0.0881% return per unit of volatility over the last 3 months. EATON VANCE P exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EATON's Standard Deviation of 0.2924, market risk adjusted performance of (0.58), and Mean Deviation of 0.2039 to check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.0725, which means not very significant fluctuations relative to the market. As returns on the market increase, EATON's returns are expected to increase less than the market. However, during the bear market, the loss of holding EATON is expected to be smaller as well.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
EATON VANCE P has almost perfect reverse predictability. Overlapping area represents the amount of predictability between EATON time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 P price movement. The serial correlation of -0.77 indicates that around 77.0% of current EATON price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
EATON VANCE P lagged returns against current returns
Autocorrelation, which is EATON bond'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's bond expected returns. We can calculate the autocorrelation of EATON returns to help us make a trade decision. For example, suppose you find that EATON has exhibited high autocorrelation historically, and you observe that the bond 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 |
| Timeline |
EATON 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EATON bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EATON bond over time.
Current vs Lagged Prices |
| Timeline |
EATON Lagged Returns
When evaluating EATON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EATON bond have on its future price. EATON 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 autocorrelation shows the relationship between EATON bond current value and its past values and can show if there is a momentum factor associated with investing in EATON VANCE P.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in EATON Bond
EATON financial ratios help investors to determine whether EATON Bond 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 security.