Eaton Vance Tax Managed Fund Market Value
| EITVX Fund | USD 40.17 0.28 0.70% |
| 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.
| 02/29/2024 |
| 05/29/2024 |
If you would invest 0.00 in Eaton Vance on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Eaton Vance Tax Managed or generate 0.0% return on investment in Eaton Vance over 90 days. Eaton Vance is related to or competes with Vanguard Value, Dodge Cox, American Funds, American Funds, American Mutual, American Mutual, and Vanguard Value. The fund normally invests primarily in value stocks 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 Tax Managed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6849 | |||
| Information Ratio | 0.1124 | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.05 |
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 | 0.1001 | |||
| Jensen Alpha | 0.09 | |||
| Total Risk Alpha | 0.0674 | |||
| Sortino Ratio | 0.0997 | |||
| Treynor Ratio | 0.7054 |
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 Tax Backtested Returns
We consider Eaton Vance very steady. Eaton Vance Tax secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Eaton Vance Tax Managed, which you can use to evaluate the volatility of the entity. Please confirm Eaton Vance's Downside Deviation of 0.6849, coefficient of variation of 588.49, and Mean Deviation of 0.4587 to check if the risk estimate we provide is consistent with the expected return of 0.1%. The fund shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Eaton Vance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eaton Vance is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Eaton Vance Tax Managed has very good predictability. Overlapping area represents the amount of predictability between Eaton Vance time series from 29th of February 2024 to 14th of April 2024 and 14th of April 2024 to 29th of May 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 Tax price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Eaton Vance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
Eaton Vance Tax 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 Tax Managed.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Eaton Vance Correlation, Eaton Vance Volatility and Eaton Vance Alpha and Beta module to complement your research on Eaton Vance. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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.