Eaton Mutual Fund Quote

Mutual Funds . USA . 
Fund . Eaton Vance Richard
ECRAX Fund  USD 13.16  0.05  0.38%   

Market Performance

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Odds Of Distress

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Eaton Vance is trading at 13.16 as of the 30th of May 2023; that is 0.38 percent up since the beginning of the trading day. The fund's open price was 13.11. Eaton Vance has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Eaton Vance Richard are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of November 2021 and ending today, the 30th of May 2023. Click here to learn more.
CUSIP
277902482
ISIN
US2779024825
Fiscal Year End
August
The fund has flexibility to allocate its assets in markets around the world and among various asset classes, including equity, fixed-income, commodity, currency and cash investments. Eaton Vance is traded on NASDAQ Exchange in the United States. More on Eaton Vance Richard

Moving together with Eaton Mutual Fund

+0.62PAAIXALL ASSET FUNDPairCorr
+0.61PALPXPIMCO ALL ASSETPairCorr
+0.62PASAXALL ASSET FUNDPairCorr

Moving against Eaton Mutual Fund

-0.7MBXAXCATALYSTMILLBURN HEDGEPairCorr

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.
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Eaton Vance's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedUndervalued
Startdate1st of January 2017
Eaton Vance Richard [ECRAX] is traded in USA and was established 30th of May 2023. The fund is listed under Tactical Allocation category and is part of Eaton Vance family. Eaton Vance Richard currently has accumulated 709.78 M in assets under management (AUM) with no minimum investment requirements, while the total return for the last 3 years was 3.01%.
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 Richard 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 Richard Mutual Fund Constituents

GDXJVanEck Junior GoldEtfEquity Precious Metals
SHYGIShares 0 5 YearEtfHigh Yield Bond
MBBIShares MBS ETFEtfIntermediate Government
IGHGProShares Investment GradeInterestEtfNontraditional Bond
USFRWisdomTree Floating RateEtfUltrashort Bond
SCHPSchwab US TIPSEtfInflation-Protected Bond
PZAInvesco National AMT FreeEtfMuni National Long
More Details

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 63.68%. The Eaton Vance Richard 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 0.0361 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 Richard will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0113, implying that it can generate a 0.0113 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 13.16HorizonTargetOdds Above 13.16
35.67%90 days
 13.16 
63.68%
Based on a normal probability distribution, the odds of Eaton Vance to move above the current price in 90 days from now is about 63.68 (This Eaton Vance Richard probability density function shows the probability of Eaton Mutual Fund to fall within a particular range of prices over 90 days) .

Eaton Vance Richard 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 Deviation0.3217
Semi Deviation0.3597
Standard Deviation0.3995
Variance0.1596

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 Richard at a given time.
   Compare Correlations

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.

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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 Richard 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 Richard 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 Richard, 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 Richard?

The danger of trading Eaton Vance Richard 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 Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eaton Vance Richard 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. Note that the Eaton Vance Richard information on this page should be used as a complementary analysis to other Eaton Vance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Complementary Tools for Eaton Mutual Fund analysis

When running Eaton Vance's price analysis, check to measure Eaton Vance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eaton Vance is operating at the current time. Most of Eaton Vance's value examination focuses on studying past and present price action to predict the probability of Eaton Vance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eaton Vance's price. Additionally, you may evaluate how the addition of Eaton Vance to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Eaton Vance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eaton Vance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eaton Vance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Check out Investing Opportunities to better understand how to build diversified portfolios.
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