Eaton Vance Floating Rate Fund Price on February 20, 2024
| EIFAX Fund | USD 10.07 0.01 0.1% |
Below is the normalized historical share price chart for Eaton Vance Floating Rate extending back to April 10, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Eaton Vance stands at 10.07, as last reported on the 22nd of May, with the highest price reaching 10.07 and the lowest price hitting 10.07 during the day.
If you're considering investing in Eaton Mutual Fund, it is important to understand the factors that can impact its price. We consider Eaton Vance very steady. Eaton Vance Floating secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Eaton Vance Floating Rate, which you can use to evaluate the volatility of the entity. Please confirm Eaton Vance's Standard Deviation of 0.2168, mean deviation of 0.1118, and Coefficient Of Variation of 523.86 to check if the risk estimate we provide is consistent with the expected return of 0.0402%.
Eaton Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Eaton |
Sharpe Ratio = 0.1812
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Estimated Market Risk
| 0.22 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Eaton Vance is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Eaton Vance by adding it to a well-diversified portfolio.
Eaton Vance Valuation on February 20, 2024
It is possible to determine the worth of Eaton Vance on a given historical date. On February 20, 2024 Eaton was worth 10.05 at the beginning of the trading date compared to the closed value of 9.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Eaton Vance mutual fund. Still, in general, we apply an absolute valuation method to find Eaton Vance's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Eaton Vance where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Eaton Vance's related companies.
| Open | High | Low | Close | Volume | |
| 10.04 | 10.04 | 9.81 | 9.81 | 1.00 | |
02/20/2024 | 10.05 | 10.05 | 9.82 | 9.82 | 1.00 |
| 10.04 | 10.04 | 9.81 | 9.81 | 1.00 |
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Eaton Vance Trading Date Momentum on February 20, 2024
| On February 21 2024 Eaton Vance Floating Rate was traded for 9.81 at the closing time. The highest daily price throughout the period was 10.04 and the lowest price was 9.81 . There was no trading activity during the period 1.0. Lack of trading volume on 02/21/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.10% . The overall trading delta to current closing price is 2.34% . |
Eaton Vance Floating Fundamentals Correlations and Trends
By evaluating Eaton Vance's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Eaton Vance's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Eaton financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Eaton Vance Mutual Fund history
Eaton Vance investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Eaton is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Eaton Vance Floating will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Eaton Vance stock prices may prove useful in developing a viable investing in Eaton Vance
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 . Loans usually are of below investment grade quality and have below investment grade credit ratings, which ratings are associated with securities having high risk, speculative characteristics .
Eaton Vance Mutual Fund Technical Analysis
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.
Price Boundaries
Eaton Vance Period Price Range
Low | February 20, 2024
| High |
10.05 | 9.82 |
Eaton Vance May 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Eaton Vance mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eaton Vance shares will generate the highest return on investment. By undertsting and applying Eaton Vance mutual fund market strength indicators, traders can identify Eaton Vance Floating Rate entry and exit signals to maximize returns
Eaton Vance Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Eaton Vance's price direction in advance. Along with the technical and fundamental analysis of Eaton Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Eaton to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0929 | |||
| Jensen Alpha | 0.0279 | |||
| Total Risk Alpha | 0.0047 | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.6339 |
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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 nation. Note that the Eaton Vance Floating 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.