Eaton risk analysis

Use Eaton Vance Pennsylvania Municipal Bond Fund risk analysis together with your stock portfolios to enhance returns of your portfolios and to determine Stock optimization strategy that fits your criteria.  Suggest Portfolio

Projected Return Density against Market

Considering 30-days investment horizon, Eaton has beta of 0.15 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 Pennsylvania Municipal Bond Fund will be expected to be much smaller as well. Moreover, Eaton Vance Pennsylvania Municipal Bond Fund has alpha of 0.15 implying that it can potentially generate 0.15% excess return over S&P 500 after adjusting for the inherited market risk (beta).Considering 30-days investment horizon, the coefficient of variation of Eaton is -594.84. The daily returns are destributed with a variance of 0.21 and standard deviation of 0.46. The mean deviation of Eaton Vance Pennsylvania Municipal Bond Fund is currently at 0.41. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.57

	(alpha)	=	0.15	Details
	(beta)	=	0.15	Details
	(volatility)	=	0.46	Details

Actual Return Volatility

Eaton Vance Pennsylvania Municipal Bond Fund has volatility of 0.46% on return distribution over 30 days investment horizon. S&P 500 shows 0.57% volatility of returns over 30 trading days.