EATON risk analysis

Use EATON VANCE MICHIGAN MUNICIPAL risk analysis within your current portfolio analysis strategies to protect against small markets fluctuations and to find right Fund diversification strategy.  Evaluate Positions

Projected Return Density against Market

Assuming 30 trading days horizon, EATON VANCE MICHIGAN MUNICIPAL has beta of -0.14 . This means as returns on benchmark increase, returns on holding EATON are expected to decrease at a much smaller rate. During bear market, however, EATON VANCE MICHIGAN MUNICIPAL is likely to outperform the market. Additionally, EATON VANCE MICHIGAN MUNICIPAL has negative alpha implying that risk taken by holding this securing is not justified. The company is significantly underperforming S&P 500Assuming 30 trading days horizon, the coefficient of variation of EATON is 153420.3. The daily returns are destributed with a variance of 0.02 and standard deviation of 0.15. The mean deviation of EATON VANCE MICHIGAN MUNICIPAL is currently at 0.1. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.55

	(alpha)	=	(0.14)	Details
	(beta)	=	(0.14)	Details
	(volatility)	=	0.15	Details

Actual Return Volatility

EATON VANCE MICHIGAN MUNICIPAL shows 0.15% volatility of returns over 30 trading days. S&P 500 shows 0.55% volatility of returns over 30 trading days.