Eaton Vance Fund Forecast - Simple Exponential Smoothing
| ETJ Fund | USD 8.79 0.03 0.34% |
The Simple Exponential Smoothing forecasted value of Eaton Vance Risk on the next trading day is expected to be 8.79 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.62. Eaton Fund Forecast is based on your current time horizon.
As of now the relative strength index (rsi) of Eaton Vance's share price is below 20 suggesting that the fund is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Eaton Vance hype-based prediction, you can estimate the value of Eaton Vance Risk from the perspective of Eaton Vance response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Eaton Vance Risk on the next trading day is expected to be 8.79 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.62. Eaton Vance after-hype prediction price | USD 8.79 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as fund price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Eaton |
Eaton Vance Additional Predictive Modules
Most predictive techniques to examine Eaton price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Eaton using various technical indicators. When you analyze Eaton charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Eaton Vance Simple Exponential Smoothing Price Forecast For the 24th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Eaton Vance Risk on the next trading day is expected to be 8.79 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.62.Please note that although there have been many attempts to predict Eaton Fund prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Eaton Vance's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Eaton Vance Fund Forecast Pattern
| Backtest Eaton Vance | Eaton Vance Price Prediction | Buy or Sell Advice |
Eaton Vance Forecasted Value
In the context of forecasting Eaton Vance's Fund value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Eaton Vance's downside and upside margins for the forecasting period are 8.15 and 9.43, respectively. We have considered Eaton Vance's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Eaton Vance fund data series using in forecasting. Note that when a statistical model is used to represent Eaton Vance fund, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 112.309 |
| Bias | Arithmetic mean of the errors | -0.0013 |
| MAD | Mean absolute deviation | 0.043 |
| MAPE | Mean absolute percentage error | 0.005 |
| SAE | Sum of the absolute errors | 2.62 |
Predictive Modules for Eaton Vance
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eaton Vance Risk. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eaton Vance's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Eaton Vance After-Hype Price Prediction Density Analysis
As far as predicting the price of Eaton Vance at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Eaton Vance or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Fund prices, such as prices of Eaton Vance, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Eaton Vance Estimiated After-Hype Price Volatility
In the context of predicting Eaton Vance's fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Eaton Vance's historical news coverage. Eaton Vance's after-hype downside and upside margins for the prediction period are 8.15 and 9.43, respectively. We have considered Eaton Vance's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Eaton Vance is very steady at this time. Analysis and calculation of next after-hype price of Eaton Vance Risk is based on 3 months time horizon.
Eaton Vance Fund Price Prediction Analysis
Have you ever been surprised when a price of a Fund such as Eaton Vance is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Eaton Vance backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Fund price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Eaton Vance, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.01 | 0.64 | 0.00 | 0.06 | 5 Events / Month | 3 Events / Month | In about 5 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
8.79 | 8.79 | 0.00 |
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Eaton Vance Hype Timeline
On the 23rd of January Eaton Vance Risk is traded for 8.79. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.06. Eaton is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is currently at 0.01%. %. The volatility of related hype on Eaton Vance is about 11.06%, with the expected price after the next announcement by competition of 8.73. About 16.0% of the company shares are held by institutions such as insurance companies. The company last dividend was issued on the 21st of October 2022. Considering the 90-day investment horizon the next anticipated press release will be in about 5 days. Check out Historical Fundamental Analysis of Eaton Vance to cross-verify your projections.Eaton Vance Related Hype Analysis
Having access to credible news sources related to Eaton Vance's direct competition is more important than ever and may enhance your ability to predict Eaton Vance's future price movements. Getting to know how Eaton Vance's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Eaton Vance may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| LDP | Cohen Steers Limited | 0.10 | 3 per month | 0.41 | (0.15) | 0.82 | (0.68) | 2.92 | |
| NKX | Nuveen California Amt | 0.02 | 4 per month | 0.58 | (0.13) | 0.56 | (0.78) | 3.53 | |
| CCD | Calamos Dynamic Convertible | (0.21) | 4 per month | 0.87 | 0.04 | 1.73 | (1.57) | 4.60 | |
| ASGI | Aberdeen Standard Global | 0.11 | 4 per month | 0.98 | 0.09 | 1.65 | (1.98) | 4.72 | |
| ETB | Eaton Vance Tax | (0.01) | 2 per month | 0.45 | (0.03) | 1.22 | (0.86) | 2.80 | |
| AAIEX | American Beacon International | (0.02) | 3 per month | 0.41 | 0.07 | 1.42 | (0.99) | 3.37 | |
| ALZFX | Alger Capital Appreciation | (87.15) | 7 per month | 1.33 | 0.03 | 2.24 | (2.63) | 8.01 | |
| STK | Columbia Seligman Premium | (0.06) | 7 per month | 1.43 | 0.06 | 2.24 | (2.28) | 7.32 | |
| LVAQX | Lsv Small Cap | 29.41 | 3 per month | 0.46 | 0.12 | 2.49 | (0.92) | 7.76 | |
| PDT | John Hancock Premium | (0.07) | 4 per month | 0.52 | (0.16) | 0.78 | (0.93) | 2.59 |
Other Forecasting Options for Eaton Vance
For every potential investor in Eaton, whether a beginner or expert, Eaton Vance's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eaton Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eaton. Basic forecasting techniques help filter out the noise by identifying Eaton Vance's price trends.Eaton Vance Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Eaton Vance fund to make a market-neutral strategy. 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 with similar companies.
| Risk & Return | Correlation |
Eaton Vance Market Strength Events
Market strength indicators help investors to evaluate how Eaton Vance fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eaton Vance shares will generate the highest return on investment. By undertsting and applying Eaton Vance fund market strength indicators, traders can identify Eaton Vance Risk entry and exit signals to maximize returns.
| Accumulation Distribution | 2279.58 | |||
| Daily Balance Of Power | 0.25 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 8.78 | |||
| Day Typical Price | 8.78 | |||
| Price Action Indicator | 0.025 | |||
| Period Momentum Indicator | 0.03 |
Eaton Vance Risk Indicators
The analysis of Eaton Vance's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Eaton Vance's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eaton fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.4814 | |||
| Semi Deviation | 0.549 | |||
| Standard Deviation | 0.6238 | |||
| Variance | 0.3891 | |||
| Downside Variance | 0.406 | |||
| Semi Variance | 0.3014 | |||
| Expected Short fall | (0.55) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Eaton Vance
The number of cover stories for Eaton Vance depends on current market conditions and Eaton Vance's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Eaton Vance is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Eaton Vance's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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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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