Eaton Vance Short Etf Profile
| EVG Etf | USD 10.44 0.07 0.67% |
Performance4 of 100
| Odds Of DistressLess than 23
|
Eaton Vance is trading at 10.44 as of the 24th of April 2024. This is a -0.67 percent decrease since the beginning of the trading day. The etf's lowest day price was 10.41. Eaton Vance has about a 23 % 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 Eaton Vance Short are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Eaton Vance Short Duration Diversified Income Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. Eaton Vance is traded on New York Stock Exchange in the United States. The company has 13.42 M outstanding shares of which 78.51 K shares are currently shorted by investors with about 1.7 days to cover. More on Eaton Vance Short
Eaton Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Eaton Vance's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Eaton Vance or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Ralph Verni |
| Business Concentration | Multisector Bond, VN Index, Asset Management, Financial Services (View all Sectors) |
| Update Date | 31st of March 2024 |
| Nav | 11.1 |
| Prev Close Price | 10.57 |
| Country Name | USA |
| Code | EVG |
| I S I N | US27828V1044 |
| Name | Eaton Vance Short Duration Diversified Income Fund |
| Currency Name | US Dollar |
| Currency Code | USD |
| Type | FUND |
| Expense Ratio | 1.35 |
Eaton Vance Short [EVG] is traded in USA and was established 2005-02-28. The fund is not classified under any group at the present time. Eaton Vance Short currently have in assets under management (AUM). The fund is currently generating return of 2.15% with the current yeild of 0.01%, while the total return for the last 3 years was 2.07%.
Eaton Vance Short has about 4.06 M in cash with 44.52 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.3.
Check Eaton Vance Probability Of Bankruptcy
Eaton Vance Target Price Odds Analysis
In reference to a normal probability distribution, the odds of Eaton Vance jumping above the current price in 90 days from now is about 50.0%. The Eaton Vance Short probability density function shows the probability of Eaton Vance etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Eaton Vance has a beta of 0.4402 suggesting as returns on the market go up, Eaton Vance average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eaton Vance Short will be expected to be much smaller as well. Additionally, eaton Vance Short has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Eaton Vance to move above the current price in 90 days from now is about 50.0 (This Eaton Vance Short probability density function shows the probability of Eaton Etf to fall within a particular range of prices over 90 days) .
Eaton Vance Top Holders
| MDFIX | Matisse Discounted Bond | Mutual Fund | Multisector Bond |
Eaton Vance Short Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Eaton Vance market risk premium is the additional return an investor will receive from holding Eaton Vance 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 Eaton Vance. 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 Eaton Vance's alpha and beta are two of the key measurements used to evaluate Eaton Vance's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0378 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.10) |
Eaton Vance Against Markets
Picking the right benchmark for Eaton Vance etf 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 Eaton Vance etf 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 Eaton Vance is critical whether you are bullish or bearish towards Eaton Vance Short at a given time. Please also check how Eaton Vance'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 Eaton Vance 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 Eaton Etf?
Before investing in Eaton Vance, 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 Eaton Vance. To buy Eaton Vance etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Eaton Vance. 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 Eaton Vance etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Eaton Vance Short etf 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 Eaton Vance Short etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Eaton Vance Short, 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 etf 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 Eaton Vance Short?
The danger of trading Eaton Vance Short is mainly related to its market volatility and ETF 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 Eaton Vance 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 Eaton Vance. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eaton Vance Short 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 Eaton Vance Short. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of Eaton Vance Short is measured differently than its book value, which is the value of Eaton that is recorded on the company's balance sheet. Investors also form their own opinion of Eaton Vance's value that differs from its market value or its book value, called intrinsic value, which is Eaton Vance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eaton Vance's market value can be influenced by many factors that don't directly affect Eaton Vance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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 if Eaton Vance is a good investment 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.