Eaton Mutual Fund Market Value

ERSGX -  USA Fund  

USD 16.37  0.02  0.12%

Eaton Vance's market value is the price at which a share of Eaton Vance stock trades on a public exchange. It measures the collective expectations of Eaton Vance Small-Cap investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Eaton Vance Small-Cap and determine expected loss or profit from investing in Eaton Vance over a given investment horizon. Continue to Eaton Vance Hype Analysis, Eaton Vance Correlation, Portfolio Optimization, Eaton Vance Volatility, as well as analyze Eaton Vance Alpha and Beta and Eaton Vance Performance.
Symbol
Backtest

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 Eaton Vance value 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.

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.
0.00
08/25/2021
No Change 0.00  0.0 
In 2 months and 2 days
10/24/2021
0.00
If you would invest  0.00  in Eaton Vance on August 25, 2021 and sell it all today you would earn a total of 0.00 from holding Eaton Vance Small-Cap or generate 0.0% return on investment in Eaton Vance over 60 days. Eaton Vance is related to or competes with Vanguard Small-Cap. Under normal market conditions, the fund invests at least 80 percent of its net assets in equity securities of small-cap...

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 Small-Cap upside and downside potential and time the market with a certain degree of confidence.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Eaton Vance in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
15.5616.3517.14
Details
Intrinsic
Valuation
LowReal ValueHigh
16.0016.7917.58
Details
Naive
Forecast
LowNext ValueHigh
15.6716.4617.25
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
15.8516.1816.51
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Eaton Vance. Your research has to be compared to or analyzed against Eaton Vance's peers to derive any actionable benefits. When done correctly, Eaton Vance's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Eaton Vance Small-Cap.

Eaton Vance Small-Cap Backtested Returns

We consider Eaton Vance very steady. Eaton Vance Small-Cap secures Sharpe Ratio (or Efficiency) of 0.0975, which denotes the fund had 0.0975% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for Eaton Vance Small-Cap, which you can use to evaluate the future volatility of the entity. Please confirm Eaton Vance Small-Cap Mean Deviation of 0.635, downside deviation of 0.8023, and Coefficient Of Variation of 832.81 to check if the risk estimate we provide is consistent with the expected return of 0.0773%.
The fund shows a Beta (market volatility) of 0.9404, which means possible diversification benefits within a given portfolio. Let's try to break down what Eaton's beta means in this case. Eaton Vance returns are very sensitive to returns on the market. As the market goes up or down, Eaton Vance is expected to follow. Although it is extremely important to respect Eaton Vance Small-Cap historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards predicting future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Eaton Vance Small-Cap technical indicators, you can presently evaluate if the expected return of 0.0773% will be sustainable into the future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.59)   

Good reverse predictability

Eaton Vance Small-Cap has good reverse predictability. Overlapping area represents the amount of predictability between Eaton Vance time series from 25th of August 2021 to 24th of September 2021 and 24th of September 2021 to 24th of October 2021. 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 Small-Cap price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Eaton Vance price fluctuation can be explain by its past prices. Given that Eaton Vance Small-Cap has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Eaton Vance for similar time interval.
Correlation Coefficient-0.59
Spearman Rank Test-0.44
Residual Average0.0
Price Variance0.05

Eaton Vance Small-Cap 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 mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      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 
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      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 Small-Cap.
 Regressed Prices 
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      Timeline 

Eaton Vance Investors Sentiment

The influence of Eaton Vance's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Eaton. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - ERSGX

Eaton Vance Small-Cap Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Eaton Vance Small-Cap. What is your opinion about investing in Eaton Vance Small-Cap? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
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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.

Eaton Vance Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Eaton Vance and Vanguard Small-Cap Growth. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Eaton Vance Hype Analysis, Eaton Vance Correlation, Portfolio Optimization, Eaton Vance Volatility, as well as analyze Eaton Vance Alpha and Beta and Eaton Vance Performance. Note that the Eaton Vance Small-Cap 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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for Eaton Mutual Fund analysis

When running Eaton Vance Small-Cap 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 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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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, stock market cycles, or different charting patterns.
A focus of Eaton Vance technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Eaton Vance trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...