Eaton Vance Amt Free Fund Quote
EILMX Fund | USD 9.74 0.01 0.10% |
Performance7 of 100
| Odds Of DistressLess than 40
|
Eaton Vance is trading at 9.74 as of the 28th of March 2024; that is -0.1 percent down since the beginning of the trading day. The fund's open price was 9.75. Eaton Vance has about a 40 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Eaton Vance Amt Free are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
Under normal market circumstances, the fund invests at least 80 percent of its net assets in municipal obligations, that are exempt from regular federal income tax. At least 75 percent of the funds net assets normally will be invested in municipal obligations rated at least investment grade at the time of investment, if unrated, determined by the investment adviser to be of at least investment grade quality.. More on Eaton Vance Amt Free
Moving together with Eaton Mutual Fund
0.65 | USG | USCF Gold Strategy Symbol Change | PairCorr |
0.8 | ECRAX | Eaton Vance Richard | PairCorr |
0.73 | ECSMX | Eaton Vance Small-cap | PairCorr |
0.78 | ECRRX | Eaton Vance Short | PairCorr |
0.88 | ECTMX | Eaton Vance Dividend | PairCorr |
Eaton Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Eaton Vance's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Eaton Vance or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund Concentration | Eaton Vance Funds, Large Funds, Muni National Short Funds, Muni National Short, Eaton Vance (View all Sectors) |
Update Date | 31st of March 2024 |
Expense Ratio Date | 1st of August 2022 |
Fiscal Year End | March |
Eaton Vance Amt Free [EILMX] is traded in USA and was established 28th of March 2024. Eaton Vance is listed under Eaton Vance category by Fama And French industry classification. The fund is listed under Muni National Short category and is part of Eaton Vance family. This fund currently has accumulated 360.58 M in assets under management (AUM) with minimum initial investment of 250 K. Eaton Vance Amt-free is currently producing year-to-date (YTD) return of 0.59% with the current yeild of 0.0%, while the total return for the last 3 years was 1.45%.
Check Eaton Vance Probability Of Bankruptcy
Instrument Allocation
Eaton Vance Target Price Odds Analysis
Based on a normal probability distribution, the odds of Eaton Vance jumping above the current price in 90 days from now is about 18.81%. The Eaton Vance Amt Free probability density function shows the probability of Eaton Vance mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Eaton Vance has a beta of 0.0118 suggesting as returns on the market go up, Eaton Vance average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eaton Vance Amt Free will be expected to be much smaller as well. Additionally, eaton Vance Amt Free has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
Based on a normal probability distribution, the odds of Eaton Vance to move above the current price in 90 days from now is about 18.81 (This Eaton Vance Amt Free probability density function shows the probability of Eaton Mutual Fund to fall within a particular range of prices over 90 days) .
Eaton Vance Amt-free Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Eaton Vance market risk premium is the additional return an investor will receive from holding Eaton Vance long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Eaton Vance. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Eaton Vance's alpha and beta are two of the key measurements used to evaluate Eaton Vance's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 0.027 | |||
Standard Deviation | 0.0645 | |||
Variance | 0.0042 | |||
Risk Adjusted Performance | 0.0047 |
Eaton Vance Against Markets
Picking the right benchmark for Eaton Vance mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Eaton Vance mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Eaton Vance is critical whether you are bullish or bearish towards Eaton Vance Amt Free at a given time. Please also check how Eaton Vance's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eaton Vance without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio Comparator Now
Portfolio ComparatorCompare the composition, asset allocations and performance of any two portfolios in your account |
All Next | Launch Module |
How to buy Eaton Mutual Fund?
Before investing in Eaton Vance, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Eaton Vance. To buy Eaton Vance fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Eaton Vance. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Eaton Vance fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Eaton Vance Amt Free fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Eaton Vance Amt Free fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Eaton Vance Amt Free, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Eaton Vance Amt Free?
The danger of trading Eaton Vance Amt Free is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Eaton Vance is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Eaton Vance. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eaton Vance Amt-free is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Amt Free. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Eaton Mutual Fund 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.
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Stocks Directory Find actively traded stocks across global markets |