Eaton Vance Floating Rate Fund Market Value

EAFHX Fund  USD 8.32  0.01  0.12%   
Eaton Vance's market value is the price at which a share of Eaton Vance trades on a public exchange. It measures the collective expectations of Eaton Vance Floating Rate investors about its performance. Eaton Vance is trading at 8.32 as of the 15th of December 2024; that is 0.12 percent up since the beginning of the trading day. The fund's open price was 8.31.
With this module, you can estimate the performance of a buy and hold strategy of Eaton Vance Floating Rate and determine expected loss or profit from investing in Eaton Vance over a given investment horizon. Check out Eaton Vance Correlation, Eaton Vance Volatility and Eaton Vance Alpha and Beta module to complement your research on Eaton Vance.
Symbol

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.

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
12/26/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/15/2024
0.00
If you would invest  0.00  in Eaton Vance on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Eaton Vance Floating Rate or generate 0.0% return on investment in Eaton Vance over 720 days. Eaton Vance is related to or competes with Eaton Vance, Eaton Vance, Eaton Vance, Eaton Vance, Eaton Vance, Eaton Vance, and Eaton Vance. Under normal circumstances, the fund invests at least 80 percent of its total assets in a combination of income producin... 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 Floating Rate 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.
Hype
Prediction
LowEstimatedHigh
8.218.328.43
Details
Intrinsic
Valuation
LowRealHigh
7.498.728.83
Details
Naive
Forecast
LowNextHigh
8.238.338.44
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.298.318.32
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 toward taking a position in Eaton Vance Floating.

Eaton Vance Floating Backtested Returns

At this stage we consider Eaton Mutual Fund to be very steady. Eaton Vance Floating secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the fund had a 0.21% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Eaton Vance Floating Rate, which you can use to evaluate the volatility of the entity. Please confirm Eaton Vance's Variance of 0.0115, standard deviation of 0.1071, and Mean Deviation of 0.0553 to check if the risk estimate we provide is consistent with the expected return of 0.0224%. The fund shows a Beta (market volatility) of 0.0039, 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

    
  0.95  

Excellent predictability

Eaton Vance Floating Rate has excellent predictability. Overlapping area represents the amount of predictability between Eaton Vance time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th of December 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 Floating price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Eaton Vance price fluctuation can be explain by its past prices.
Correlation Coefficient0.95
Spearman Rank Test0.97
Residual Average0.0
Price Variance0.03

Eaton Vance Floating 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 Floating Rate.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Eaton Mutual Fund

Eaton Vance financial ratios help investors to determine whether Eaton Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eaton with respect to the benefits of owning Eaton Vance security.
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