Parametric Tax Managed Emerging Fund Quote
| EITEX Fund | USD 39.47 0.49 1.23% |
Performance7 of 100
| Odds Of DistressLess than 21
|
Parametric Tax is trading at 39.47 as of the 18th of April 2024; that is -1.23 percent decrease since the beginning of the trading day. The fund's open price was 39.96. Parametric Tax has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Parametric Tax Managed Emerging are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
The fund normally invests at least 80 percent of its net assets in equity securities of companies located in emerging market countries. Emerging market countries are generally countries not considered to be developed market countries, and therefore not included in the MSCI World Index. More on Parametric Tax Managed Emerging
Moving together with Parametric Mutual Fund
| 0.81 | ERASX | Eaton Vance Atlanta | PairCorr |
| 0.91 | ERBIX | Eaton Vance Richard | PairCorr |
| 0.91 | ERBCX | Eaton Vance Richard | PairCorr |
| 0.91 | ERBAX | Eaton Vance Richard | PairCorr |
Parametric 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. Parametric Tax's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Parametric Tax 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 Blend Funds, Diversified Emerging Mkts Funds, Diversified Emerging Mkts, Eaton Vance (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of November 2022 |
| Fiscal Year End | June |
Parametric Tax Managed Emerging [EITEX] is traded in USA and was established 18th of April 2024. Parametric Tax is listed under Eaton Vance category by Fama And French industry classification. The fund is listed under Diversified Emerging Mkts category and is part of Eaton Vance family. This fund currently has accumulated 497.41 M in assets under management (AUM) with minimum initial investment of 50 K. Parametric Tax Managed is currently producing year-to-date (YTD) return of 1.9% with the current yeild of 0.04%, while the total return for the last 3 years was 0.24%.
Check Parametric Tax 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 Parametric 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 Parametric 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 Parametric Tax Managed Emerging 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 Parametric Tax Managed Emerging Mutual Fund Constituents
| AUB | Atlantic Union Bankshares | Stock | Financials |
| BABA | Alibaba Group Holding | Stock | Consumer Discretionary |
| BAP | Credicorp | Stock | Financials |
| FIVE | Five Below | Stock | Consumer Discretionary |
| SCCO | Southern Copper | Stock | Materials |
| TCTZF | Tencent Holdings | Pink Sheet | Internet Content & Information |
| YNDX | Yandex NV | Stock | Communication Services |
Parametric Tax Target Price Odds Analysis
Based on a normal probability distribution, the odds of Parametric Tax jumping above the current price in 90 days from now is about 51.97%. The Parametric Tax Managed Emerging probability density function shows the probability of Parametric Tax mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Parametric Tax has a beta of 0.081 suggesting as returns on the market go up, Parametric Tax average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Parametric Tax Managed Emerging will be expected to be much smaller as well. Additionally, parametric Tax Managed Emerging has an alpha of 0.0072, implying that it can generate a 0.007181 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Parametric Tax to move above the current price in 90 days from now is about 51.97 (This Parametric Tax Managed Emerging probability density function shows the probability of Parametric Mutual Fund to fall within a particular range of prices over 90 days) .
Parametric Tax Managed Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Parametric Tax market risk premium is the additional return an investor will receive from holding Parametric Tax 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 Parametric Tax. 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 Parametric Tax's alpha and beta are two of the key measurements used to evaluate Parametric Tax's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.4323 | |||
| Semi Deviation | 0.6637 | |||
| Standard Deviation | 0.5599 | |||
| Variance | 0.3134 |
Parametric Tax Against Markets
Picking the right benchmark for Parametric Tax 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 Parametric Tax 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 Parametric Tax is critical whether you are bullish or bearish towards Parametric Tax Managed Emerging at a given time. Please also check how Parametric Tax'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 Parametric Tax 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 Parametric Mutual Fund?
Before investing in Parametric Tax, 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 Parametric Tax. To buy Parametric Tax fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Parametric Tax. 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 Parametric Tax fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Parametric Tax Managed Emerging 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 Parametric Tax Managed Emerging 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 Parametric Tax Managed Emerging, 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 Parametric Tax Managed Emerging?
The danger of trading Parametric Tax Managed Emerging 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 Parametric Tax 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 Parametric Tax. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Parametric Tax Managed 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 Parametric Tax Managed Emerging. 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 income. Note that the Parametric Tax Managed information on this page should be used as a complementary analysis to other Parametric Tax'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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.