Eaton Vance Tax Fund Five Year Return
| ETO Fund | USD 26.05 0.09 0.35% |
Eaton Vance Tax fundamentals help investors to digest information that contributes to Eaton Vance's financial success or failures. It also enables traders to predict the movement of Eaton Fund. The fundamental analysis module provides a way to measure Eaton Vance's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Eaton Vance fund.
Eaton |
Eaton Vance Tax Fund Five Year Return Analysis
Eaton Vance's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Eaton Vance Five Year Return | 11.21 % |
Most of Eaton Vance's fundamental indicators, such as Five Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Eaton Vance Tax is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
| Competition |
According to the company disclosure, Eaton Vance Tax has a Five Year Return of 11.2133%. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The five year return for all United States funds is notably lower than that of the firm.
Eaton Five Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eaton Vance's direct or indirect competition against its Five Year Return to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Eaton Vance could also be used in its relative valuation, which is a method of valuing Eaton Vance by comparing valuation metrics of similar companies.Eaton Vance is currently under evaluation in five year return among similar funds.
Eaton Fundamentals
| Return On Equity | -7.67 | ||||
| Return On Asset | 1.25 | ||||
| Profit Margin | (206.10) % | ||||
| Operating Margin | 66.46 % | ||||
| Current Valuation | 464.26 M | ||||
| Shares Outstanding | 16.17 M | ||||
| Shares Owned By Institutions | 9.46 % | ||||
| Number Of Shares Shorted | 5.89 K | ||||
| Price To Earning | 55.93 X | ||||
| Price To Book | 0.99 X | ||||
| Price To Sales | 21.84 X | ||||
| Revenue | 16.4 M | ||||
| Gross Profit | 13.29 M | ||||
| Net Income | (33.8 M) | ||||
| Cash And Equivalents | 381.67 K | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 103 M | ||||
| Debt To Equity | 0.25 % | ||||
| Current Ratio | 1.55 X | ||||
| Book Value Per Share | 22.39 X | ||||
| Cash Flow From Operations | 11.25 M | ||||
| Short Ratio | 0.10 X | ||||
| Earnings Per Share | 0.40 X | ||||
| Number Of Employees | 19 | ||||
| Beta | 1.52 | ||||
| Market Capitalization | 445.37 M | ||||
| Annual Yield | 0 % | ||||
| Year To Date Return | 15.09 % | ||||
| One Year Return | 28.56 % | ||||
| Three Year Return | 3.57 % | ||||
| Five Year Return | 11.21 % | ||||
| Last Dividend Paid | 2.15 |
About Eaton Vance Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eaton Vance Tax's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eaton Vance using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eaton Vance Tax based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Eaton Vance
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eaton Vance position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eaton Vance will appreciate offsetting losses from the drop in the long position's value.Moving together with Eaton Fund
Moving against Eaton Fund
| 0.55 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.41 | MRK | Merck Company Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Eaton Vance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eaton Vance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eaton Vance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eaton Vance Tax to buy it.
The correlation of Eaton Vance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eaton Vance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eaton Vance Tax moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eaton Vance can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Eaton Fund
Eaton Vance financial ratios help investors to determine whether Eaton 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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