Eaton Vance Floating Rate Fund Quote
| EABLX Fund | USD 8.40 0.01 0.12% |
Performance15 of 100
| Odds Of DistressLess than 17
|
Eaton Vance is trading at 8.40 as of the 18th of April 2024; that is -0.12 percent decrease since the beginning of the trading day. The fund's open price was 8.41. Eaton Vance has less than a 17 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Eaton Vance Floating Rate are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of October 2022 and ending today, the 18th of April 2024. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its total assets in income producing floating rate loans and other floating rate debt securities. It invests primarily in senior floating rate loans of domestic and foreign borrowers . More on Eaton Vance Floating Rate
Moving together with Eaton Mutual Fund
| 0.81 | EMAIX | Eaton Vance Msschsts | PairCorr |
| 0.78 | ERASX | Eaton Vance Atlanta | PairCorr |
Moving against Eaton Mutual Fund
| 0.59 | ERGOX | Eaton Vance Government | PairCorr |
Eaton Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Eaton Vance's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Eaton Vance or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Eaton Vance Funds, Large Funds, Bank Loan Funds, Bank Loan, Eaton Vance (View all Sectors) |
| Update Date | 31st of March 2024 |
Eaton Vance Floating Rate [EABLX] is traded in USA and was established 18th of April 2024. Eaton Vance is listed under Eaton Vance category by Fama And French industry classification. The fund is listed under Bank Loan category and is part of Eaton Vance family. This fund currently has accumulated 9.71 B in assets under management (AUM) with no minimum investment requirementsEaton Vance Floating is currently producing year-to-date (YTD) return of 2.44% with the current yeild of 0.0%, while the total return for the last 3 years was 4.57%.
Check Eaton Vance Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Eaton Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Eaton Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Eaton Vance Floating Rate Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Eaton Vance Floating Rate Mutual Fund Constituents
| SRLN | SPDR Blackstone Senior | Etf | Bank Loan |
Eaton Vance Target Price Odds Analysis
Based on a normal probability distribution, the odds of Eaton Vance jumping above the current price in 90 days from now is about 13.25%. The Eaton Vance Floating Rate probability density function shows the probability of Eaton Vance mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Eaton Vance has a beta of 0.0409 suggesting as returns on the market go up, Eaton Vance average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eaton Vance Floating Rate will be expected to be much smaller as well. Additionally, eaton Vance Floating Rate has an alpha of 0.0156, implying that it can generate a 0.0156 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Eaton Vance to move above the current price in 90 days from now is about 13.25 (This Eaton Vance Floating Rate probability density function shows the probability of Eaton Mutual Fund to fall within a particular range of prices over 90 days) .
Eaton Vance Floating Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Eaton Vance market risk premium is the additional return an investor will receive from holding Eaton Vance long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Eaton Vance. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Eaton Vance's alpha and beta are two of the key measurements used to evaluate Eaton Vance's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.0764 | |||
| Standard Deviation | 0.1548 | |||
| Variance | 0.024 | |||
| Downside Variance | 0.0164 |
Eaton Vance Against Markets
Picking the right benchmark for Eaton Vance mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Eaton Vance mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Eaton Vance is critical whether you are bullish or bearish towards Eaton Vance Floating Rate at a given time. Please also check how Eaton Vance's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eaton Vance without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Eaton Mutual Fund?
Before investing in Eaton Vance, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Eaton Vance. To buy Eaton Vance fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Eaton Vance. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Eaton Vance fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Eaton Vance Floating Rate fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Eaton Vance Floating Rate fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Eaton Vance Floating Rate, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Eaton Vance Floating Rate?
The danger of trading Eaton Vance Floating Rate is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Eaton Vance is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Eaton Vance. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eaton Vance Floating is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Floating Rate. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.