EATON Mutual Fund Manager Performance Evaluation


USD 4.03  0.01  0.25%   

The entity shows a Beta (market volatility) of 0.2309, which means not very significant fluctuations relative to the market. Let's try to break down what EATON's beta means in this case. As returns on the market increase, EATON VANCE returns are expected to increase less than the market. However, during the bear market, the loss on holding EATON VANCE will be expected to be smaller as well. Although it is important to respect EATON VANCE HIGH historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The way of 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 examining EATON VANCE HIGH technical indicators, you can today evaluate if the expected return of 0.0405% will be sustainable into the future.
EATON Performance
6 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in EATON VANCE HIGH are ranked lower than 6 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, EATON VANCE is not utilizing all of its potentials. The newest stock price disturbance, may contribute to short-term losses for the investors.

EATON Price Channel

Fifty Two Week Low3.8400
Fifty Two Week High4.5100
Annual Report Expense Ratio0.93%

EATON VANCE Relative Risk vs. Return Landscape

If you would invest  393.00  in EATON VANCE HIGH on September 6, 2022 and sell it today you would earn a total of  10.00  from holding EATON VANCE HIGH or generate 2.54% return on investment over 90 days. EATON VANCE HIGH is currently producing 0.0405% returns and takes up 0.4996% volatility of returns over 90 trading days. Put another way, 4% of traded mutual funds are less volatile than EATON, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon EATON VANCE is expected to generate 344.99 times less return on investment than the market. But when comparing it to its historical volatility, the company is 249.88 times less risky than the market. It trades about 0.08 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.11 of returns per unit of risk over similar time horizon.

EATON VANCE Current Valuation

Fairly Valued
Today 4.03
Please note that EATON VANCE's price fluctuation is not too volatile at this time.
EATON VANCE HIGH shows a prevailing Real Value of $4.0 per share. The current price of the fund is $4.03. At this time, the entity appears to be fairly valued. We determine the value of EATON VANCE HIGH from examining fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, in the future, mutual fund prices and their ongoing real values will submerge.
Our valuation method for EATON VANCE HIGH is useful when determining the fair value of the EATON mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of EATON VANCE. Since EATON VANCE is currently traded on the exchange, buyers and sellers on that exchange determine the market value of EATON Mutual Fund. However, EATON VANCE's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Real Value
Estimating the potential upside or downside of EATON VANCE HIGH helps investors to forecast how EATON mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of EATON VANCE more accurately as focusing exclusively on EATON VANCE's fundamentals will not take into account other important factors:
LowEstimated ValueHigh

EATON VANCE Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for EATON VANCE's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as EATON VANCE HIGH, and traders can use it to determine the average amount a EATON VANCE's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0811

Good Returns
Average Returns
Small Returns
Negative ReturnsETHIX
Estimated Market Risk
  actual daily
 4 %
of total potential
Expected Return
  actual daily
 0 %
of total potential
Risk-Adjusted Return
  actual daily
 6 %
of total potential
Based on monthly moving average EATON VANCE is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of EATON VANCE by adding it to a well-diversified portfolio.

About EATON VANCE Performance

To evaluate EATON VANCE HIGH Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when EATON VANCE generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare EATON Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand EATON VANCE HIGH market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents EATON's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
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.

Things to note about EATON VANCE HIGH

Checking the ongoing alerts about EATON VANCE for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for EATON VANCE HIGH help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.


Equity Alerts and Improvement Suggestions

EATON VANCE HIGH is unlikely to experience financial distress in the next 2 years
On 31st of October 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
Continue to Investing Opportunities. You can also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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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.