Eaton Vance South Fund Market Value
| ECSCX Fund | USD 9.27 0.02 0.22% |
| 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.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Eaton Vance on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Eaton Vance South or generate 0.0% return on investment in Eaton Vance over 570 days. Eaton Vance is related to or competes with Colorado Bondshares, Virginia Bond, Usaa Virginia, Virginia Bond, and Hawaiian Tax-free. The fund invests at least 80 percent of its net assets in municipal obligations that are exempt from regular federal inc... 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 South upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4326 | |||
| Information Ratio | (0.42) | |||
| Maximum Drawdown | 1.64 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.4348 |
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 | 0.025 | |||
| Jensen Alpha | 0.0173 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.25) | |||
| Treynor Ratio | (0.05) |
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 South Backtested Returns
At this stage we consider Eaton Mutual Fund to be very steady. Eaton Vance South secures Sharpe Ratio (or Efficiency) of 0.0467, which denotes the fund had a 0.0467% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eaton Vance South, which you can use to evaluate the volatility of the entity. Please confirm Eaton Vance's Coefficient Of Variation of 1725.41, mean deviation of 0.1538, and Downside Deviation of 0.4326 to check if the risk estimate we provide is consistent with the expected return of 0.0124%. The fund shows a Beta (market volatility) of -0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eaton Vance are expected to decrease at a much lower rate. During the bear market, Eaton Vance is likely to outperform the market.
Auto-correlation | 0.07 |
Virtually no predictability
Eaton Vance South has virtually no predictability. Overlapping area represents the amount of predictability between Eaton Vance time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th of November 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 South price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Eaton Vance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Eaton Vance South 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 South.
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.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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