Eaton Vance Atlant Fund Market Value
| EAGCX Fund | USD 17.58 0.09 0.51% |
| Symbol | Eaton |
Eaton Vance 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Eaton Vance's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Eaton Vance.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Eaton Vance on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Eaton Vance Atlant or generate 0.0% return on investment in Eaton Vance over 30 days. Eaton Vance is related to or competes with Eaton Vance, Eaton Vance, Eaton Vance, Eaton Vance, Eaton Vance, Eaton Vance, and Eaton Vance. Under normal market conditions, the fund invests in common stocks of approximately 20 to 35 companies, primarily with la... More
Eaton Vance Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Eaton Vance's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Eaton Vance Atlant upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8346 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.06 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 0.918 |
Eaton Vance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eaton Vance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eaton Vance's standard deviation. In reality, there are many statistical measures that can use Eaton Vance historical prices to predict the future Eaton Vance's volatility.| Risk Adjusted Performance | 0.0186 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eaton Vance's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Eaton Vance Atlant Backtested Returns
Eaton Vance Atlant secures Sharpe Ratio (or Efficiency) of -0.0095, which denotes the fund had a -0.0095% return per unit of risk over the last 3 months. Eaton Vance Atlant exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eaton Vance's Semi Deviation of 0.7483, coefficient of variation of 3541.02, and Standard Deviation of 0.7036 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Eaton Vance are completely uncorrelated.
Auto-correlation | 0.41 |
Average predictability
Eaton Vance Atlant has average predictability. Overlapping area represents the amount of predictability between Eaton Vance time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eaton Vance Atlant price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Eaton Vance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Eaton Vance Atlant lagged returns against current returns
Autocorrelation, which is Eaton Vance mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Eaton Vance's mutual fund expected returns. We can calculate the autocorrelation of Eaton Vance returns to help us make a trade decision. For example, suppose you find that Eaton Vance has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Eaton Vance regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Eaton Vance mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eaton Vance mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eaton Vance mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Eaton Vance Lagged Returns
When evaluating Eaton Vance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eaton Vance mutual fund have on its future price. Eaton Vance autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Eaton Vance autocorrelation shows the relationship between Eaton Vance mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eaton Vance Atlant.
Regressed Prices |
| Timeline |
Pair Trading with Eaton Vance
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eaton Vance position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eaton Vance will appreciate offsetting losses from the drop in the long position's value.Moving together with Eaton Mutual Fund
| 0.75 | EMAIX | Eaton Vance Msschsts | PairCorr |
| 0.65 | EMOCX | Eaton Vance Municipal | PairCorr |
| 0.68 | EMOAX | Eaton Vance Municipal | PairCorr |
| 0.7 | EMOIX | Eaton Vance Municipal | PairCorr |
| 0.64 | EIM | Eaton Vance Mbf | PairCorr |
The ability to find closely correlated positions to Eaton Vance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eaton Vance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eaton Vance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eaton Vance Atlant to buy it.
The correlation of Eaton Vance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eaton Vance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eaton Vance Atlant moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eaton Vance can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Eaton Vance Correlation, Eaton Vance Volatility and Eaton Vance Alpha and Beta module to complement your research on Eaton Vance. Note that the Eaton Vance Atlant 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 the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Eaton Vance technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.