Eaton Vance Enhanced Equity Income Fund II (EOS)
Eaton Vance Enhanced Equity Income Fund II Beta: 0.9051
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EOS Beta Range, Past 5 Years
| Minimum | 0.415 | Jan 2008 |
| Maximum | 1.005 | May 2010 |
| Average | 0.8537 |
About Beta 60 Month
YCharts calculates the 60 month market beta by regressing stock returns less the risk free rate of returns on the market returns less the risk free rate of return (Market returns come from the S&P 500 Total Returns Index (SPXTR), and the risk free rate is the 4 Week Average T-Bill (Monthly). There must be a minimum of 36 months of stock returns for a company to have its beta calculated.
Beta is a measure of the risk of a stock when it is included in a well-diversified portfolio.
In financial theory, the Capital Asset Pricing Model breaks down expected stock returns into two components. The first is the return that would be expected based on covariance with the movements of the market (for most stocks, when the market as a whole goes up, the price of the stock will also go up). The second part is the increase in the price of a stock that is not explained by the market. The first part - covariance with the market - is what Beta captures.
When Beta is positive, the stock price tends to move in the same direction as the market, and the magnitude of Beta tells by how much. If a stock's Beta is greater than 1, that means that when the market index goes up 1%, we expect the stock will go up by more than 1%. On the contrary, if the market goes down by 1%, we expect the stock to go down by more than 1%. Negative Betas, while rare, signify a negative correlation. When the market goes up, we would expect the stock price to go down.
For readers with a background in regression analysis, Beta is the slope of the linear regression shown in the formula below, where Returns are the return on an individual stock or portfolio, Rf is the risk free rate, RMarket is the return on a market portfolio, and e is an error term.
Learn More
You may also be interested in these EOS related companies
EOS News
May 14, 4:02PM PR Newswire
Apr 13, 3:56PM PR Newswire
Mar 13, 11:09PM PR Newswire
Feb 10, 2:31PM PR Newswire
Jan 13, 3:48PM PR Newswire
Dec 13, 4:51PM PR Newswire
Nov 11, 4:13PM PR Newswire
about 207 days ago by OptionsCommander
Oct 14, 3:52PM PR Newswire
Sep 13, 3:19PM PR Newswire
about 265 days ago by todd120proof
Aug 12, 4:07PM PR Newswire
Jul 12, 3:55PM PR Newswire
Jun 14, 5:41PM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EOS | 10.37 | +0.00 | +0.00% | |
| EONC | 1.11 | +0.00 | +0.00% | 3.186M |
| EOI | 10.40 | +0.00 | +0.00% | |
| EOG | 101.75 | +0.96 | +0.95% | 27.38B |
| EOC | 47.89 | +0.13 | +0.27% | 13.09B |
| ENZN | 6.32 | +0.16 | +2.60% | 305.19M |
| DWSN | 24.95 | +0.07 | +0.28% | 197.60M |
| DWRI | None | None | None | |
| DWM | 39.25 | -0.11 | -0.27% | |
| DWCH | 12.06 | -0.17 | -1.39% | 75.25M |
