Eaton Mutual Fund Quote

ETHIX
 Fund
  

USD 3.84  0.02  0.52%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
Eaton Vance is trading at 3.84 as of the 5th of October 2022; that is -0.52 percent down since the beginning of the trading day. The fund's open price was 3.86. Eaton Vance has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Eaton Vance High are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of September 2022 and ending today, the 5th of October 2022. Click here to learn more.
The investment seeks to provide a high level of current income growth of capital is a secondary investment objective. Eaton Vance is traded on NASDAQ Exchange in the United States. More on Eaton Vance High

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Eaton Vance Mutual Fund 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.
Eaton Vance High generated a negative expected return over the last 90 days
Eaton Vance High is unlikely to experience financial distress in the next 2 years
On 31st of August 2022 Eaton Vance paid $ 0.0187 per share dividend to its current shareholders
The fund retains about 88.43% of its assets under management (AUM) in fixed income securities
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Eaton Vance's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
Beta In Three Year0.51
Startdate3rd of November 2014
Eaton Vance High [ETHIX] is traded in USA and was established 5th of October 2022. The fund is listed under High Yield Bond category and is part of Eaton Vance family. Eaton Vance High currently has accumulated 744.41 M in assets under management (AUM) with minimum initial investment of 1 K. , while the total return for the last 3 years was 1.82%.
Check Eaton Vance Probability Of Bankruptcy

Instrument Allocation

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Eaton Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Eaton Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Eaton Vance High Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Eaton Vance Target Price Odds Analysis

Based on a normal probability distribution, the odds of Eaton Vance jumping above the current price in 90 days from now is roughly 97.0%. The Eaton Vance High probability density function shows the probability of Eaton Vance mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Eaton Vance has a beta of 0.0425 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 High will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Eaton Vance High is significantly underperforming DOW.
  Odds Below 3.84HorizonTargetOdds Above 3.84
3.38%90 days
 3.84 
96.53%
Based on a normal probability distribution, the odds of Eaton Vance to move above the current price in 90 days from now is roughly 97.0 (This Eaton Vance High probability density function shows the probability of Eaton Mutual Fund to fall within a particular range of prices over 90 days) .

Eaton Vance High 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.

Eaton Vance Against Markets

Picking the right benchmark for Eaton Vance mutual fund 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 mutual fund 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 High at a given time.

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.

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Invested in Eaton Vance High?

The danger of trading Eaton Vance High is mainly related to its market volatility and Mutual Fund 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 Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eaton Vance High 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.
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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.