Projected Return Density against MarketAssuming 30 trading days horizon, Eaton has beta of 0.1 suggesting as returns on market go up, Eaton avarage returns are expected to increase less than the benchmark. However during bear market, the loss on holding Eaton Vance Glbl Macr Absolute Return A will be expected to be much smaller as well. Additionally, Eaton Vance Glbl Macr Absolute Return A has negative alpha implying that risk taken by holding this equity is not justified. The company is significantly underperforming S&P 500 Assuming 30 trading days horizon, the coefficient of variation of Eaton is 138540.82. The daily returns are destributed with a variance of 0.02 and standard deviation of 0.14. The mean deviation of Eaton Vance Glbl Macr Absolute Return A is currently at 0.09. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.56
Actual Return VolatilityEaton Vance Glbl Macr Absolute Return A shows 0.14% volatility of returns over 30 trading days. S&P 500 shows 0.56% volatility of returns over 30 trading days.
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S&P 500 has a standard deviation of returns of 0.56 and is 4.0 times more volatile than Eaton Vance Glbl Macr Absolute Return A. 1% of all equities and portfolios are less risky than Eaton. Compared with the overall equity markets, volatility of historical daily returns of Eaton Vance Glbl Macr Absolute Return A is lower than 1 (%) of all global equities and portfolios over the last 30 days. Use Eaton Vance Glbl Macr Absolute Return A to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of Eaton to be traded at $9.9 in 30 days. As returns on market increase, Eaton returns are expected to increase less than the market. However during bear market, the loss on holding Eaton will be expected to be smaller as well.
Eaton correlation with market
Eaton Current Risk Indicators
Suggested Divercification Pairs