Projected Return Density against MarketAssuming 30 trading days horizon, Eaton Vance GA Municipal Income C has beta of -0.01 suggesting as returns on benchmark increase, returns on holding Eaton are expected to decrease at a much smaller rate. During bear market, however, Eaton Vance GA Municipal Income C is likely to outperform the market. Additionally, Eaton Vance GA Municipal Income C 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 -115.47. The daily returns are destributed with a variance of 0.0 and standard deviation of 0.07. The mean deviation of Eaton Vance GA Municipal Income C is currently at 0.06. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.46
Actual Return VolatilityEaton Vance GA Municipal Income C shows 0.06% volatility of returns over 30 trading days. S&P 500 shows 0.46% volatility of returns over 30 trading days.
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S&P 500 has a standard deviation of returns of 0.46 and is 7.67 times more volatile than Eaton Vance GA Municipal Income C. 0% of all equities and portfolios are less risky than Eaton. Compared with the overall equity markets, volatility of historical daily returns of Eaton Vance GA Municipal Income C is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Eaton Vance GA Municipal Income C to protect against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Eaton to be traded at $8.72 in 30 days. As returns on market increase, returns on owning Eaton are expected to decrease at a much smaller rate. During bear market, Eaton is likely to outperform the market.
Eaton correlation with market
Eaton Current Risk Indicators
Suggested Divercification Pairs