Eaton Vance Municipal Stock Beta
| ETX Stock | USD 18.01 0.05 0.28% |
Eaton Vance Municipal 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 Stock. 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 stock.
Eaton | Beta |
Eaton Vance Municipal Company 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 | 0.26 |
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 Municipal is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Eaton Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Eaton Vance is extremely important. It helps to project a fair market value of Eaton Stock properly, considering its historical fundamentals such as Beta. Since Eaton Vance's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Eaton Vance's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Eaton Vance's interrelated accounts and indicators.
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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.
| Competition |
In accordance with the recently published financial statements, Eaton Vance Municipal has a Beta of 0.26. This is 68.29% lower than that of the Capital Markets sector and 78.69% lower than that of the Financials industry. The beta for all United States stocks is notably lower than that of the firm.
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 stocks 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 beta category among its peers.
Eaton Vance Current Valuation Drivers
We derive many important indicators used in calculating different scores of Eaton Vance from analyzing Eaton Vance's financial statements. These drivers represent accounts that assess Eaton Vance's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Eaton Vance's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 231.7M | 250.1M | 228.0M | 200.2M | 191.6M | 237.6M | |
| Enterprise Value | 359.7M | 362.4M | 318.1M | 301.6M | 216.9M | 357.0M |
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 | -6.47 | ||||
| Shares Outstanding | 10.89 M | ||||
| Shares Owned By Institutions | 21.00 % | ||||
| Number Of Shares Shorted | 20.58 K | ||||
| Price To Book | 0.96 X | ||||
| Price To Sales | 22.63 X | ||||
| Revenue | 5.32 M | ||||
| EBITDA | 12.79 M | ||||
| Net Income | 5.06 M | ||||
| Total Debt | 30.02 M | ||||
| Cash Flow From Operations | 84.58 M | ||||
| Short Ratio | 0.50 X | ||||
| Earnings Per Share | 0.77 X | ||||
| Target Price | 0.32 | ||||
| Beta | 0.26 | ||||
| Market Capitalization | 196.57 M | ||||
| Total Asset | 239.26 M | ||||
| Retained Earnings | (594.1 K) | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 3.70 % | ||||
| Net Asset | 239.26 M |
About Eaton Vance Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eaton Vance Municipal'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 Municipal based on its fundamental data. In general, a quantitative approach, as applied to this company, 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.
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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.Additional Tools for Eaton Stock Analysis
When running Eaton Vance's price analysis, check to measure Eaton Vance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eaton Vance is operating at the current time. Most of Eaton Vance's value examination focuses on studying past and present price action to predict the probability of Eaton Vance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eaton Vance's price. Additionally, you may evaluate how the addition of Eaton Vance to your portfolios can decrease your overall portfolio volatility.