Eaton Vance Pennsylvania Etf Price To Earning
Eaton Vance Pennsylvania 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.
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Eaton Vance Pennsylvania ETF Price To Earning Analysis
Eaton Vance's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Eaton Vance Price To Earning | 50.84 X |
Most of Eaton Vance's fundamental indicators, such as Price To Earning, 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 Pennsylvania is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
CompetitionBased on the latest financial disclosure, Eaton Vance Pennsylvania has a Price To Earning of 50 times. This is 178.12% higher than that of the Category family and 249.18% higher than that of the Family category. The price to earning for all United States etfs is 77.02% lower than that of the firm.
Eaton Price To Earning 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 Price To Earning 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 price to earning as compared to similar ETFs.
Eaton Fundamentals
| Return On Equity | -1.84 | |||
| Return On Asset | 2.07 | |||
| Profit Margin | (28.42) % | |||
| Operating Margin | 81.28 % | |||
| Current Valuation | 58.62 M | |||
| Shares Outstanding | 2.96 M | |||
| Shares Owned By Institutions | 6.24 % | |||
| Number Of Shares Shorted | 1.7 K | |||
| Price To Earning | 50.84 X | |||
| Price To Book | 0.87 X | |||
| Price To Sales | 12.90 X | |||
| Revenue | 2.7 M | |||
| Gross Profit | 2.7 M | |||
| Net Income | (778.65 K) | |||
| Cash And Equivalents | 129.55 K | |||
| Cash Per Share | 0.04 X | |||
| Total Debt | 24.97 M | |||
| Debt To Equity | 62.70 % | |||
| Current Ratio | 4.24 X | |||
| Book Value Per Share | 13.45 X | |||
| Cash Flow From Operations | 559.29 K | |||
| Short Ratio | 0.19 X | |||
| Earnings Per Share | (0.26) X | |||
| Number Of Employees | 14 | |||
| Beta | 0.2 | |||
| Market Capitalization | 34.84 M | |||
| Total Asset | 67.98 M | |||
| Retained Earnings | (6.35 M) | |||
| Z Score | 0.6 | |||
| Five Year Return | 5.60 % | |||
| Last Dividend Paid | 0.58 |
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.The ability to find closely correlated positions to Jabil Circuit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jabil Circuit 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 Jabil Circuit - 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 Jabil Circuit to buy it.
The correlation of Jabil Circuit 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 Jabil Circuit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jabil Circuit 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 Jabil Circuit 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.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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Other Consideration for investing in Eaton Etf
If you are still planning to invest in Eaton Vance Pennsylvania 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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