Eaton Vance California Etf Fundamentals
Eaton Vance California 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 Etf. 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 etf.
Eaton |
Eaton Vance California ETF Beta Analysis
Eaton Vance's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Eaton Vance Beta | 0.08 |
Most of Eaton Vance's fundamental indicators, such as Beta, 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 California is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
CompetitionIn accordance with the recently published financial statements, Eaton Vance California has a Beta of 0.08. This is 90.24% lower than that of the Category family and 93.44% lower than that of the Family category. The beta for all United States etfs is 153.33% lower than that of the firm.
Eaton Vance California Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Eaton Vance's current stock value. Our valuation model uses many indicators to compare Eaton Vance value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Eaton Vance competition to find correlations between indicators driving Eaton Vance's intrinsic value. More Info.Eaton Vance California is rated # 3 ETF in price to earning as compared to similar ETFs. It is rated # 5 ETF in price to book as compared to similar ETFs fabricating about 0.01 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Eaton Vance California is roughly 73.01 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Eaton Vance's earnings, one of the primary drivers of an investment's value.Eaton Beta 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 Beta to detect undervalued stocks with similar characteristics or determine the etfs 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 rated # 3 ETF in beta as compared to similar ETFs.
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.
Eaton Fundamentals
| Return On Equity | 1.35 | |||
| Return On Asset | 1.96 | |||
| Profit Margin | 20.54 % | |||
| Operating Margin | 80.37 % | |||
| Current Valuation | 73.99 M | |||
| Shares Outstanding | 3.89 M | |||
| Shares Owned By Institutions | 19.95 % | |||
| Number Of Shares Shorted | 2.44 K | |||
| Price To Earning | 60.60 X | |||
| Price To Book | 0.83 X | |||
| Price To Sales | 12.38 X | |||
| Revenue | 3.25 M | |||
| Gross Profit | 3.3 M | |||
| Net Income | 653.34 K | |||
| Cash And Equivalents | 12.24 K | |||
| Total Debt | 33.78 M | |||
| Debt To Equity | 69.80 % | |||
| Current Ratio | 0.20 X | |||
| Book Value Per Share | 12.44 X | |||
| Cash Flow From Operations | 2.08 M | |||
| Short Ratio | 0.20 X | |||
| Earnings Per Share | 0.17 X | |||
| Number Of Employees | 14 | |||
| Beta | 0.08 | |||
| Market Capitalization | 39.56 M | |||
| Total Asset | 83.64 M | |||
| Retained Earnings | 244 K | |||
| Z Score | 0.6 | |||
| Five Year Return | 5.36 % | |||
| Last Dividend Paid | 0.42 |
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.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Other Consideration for investing in Eaton Etf
If you are still planning to invest in Eaton Vance California check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Eaton Vance's history and understand the potential risks before investing.
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