Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ)

10.12 +0.06  +0.60%  May 29, 1:09PM Go Pro
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Eaton Vance Risk-Managed Diversified Equity Income Fund Beta: 0.1002

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ETJ Beta Range, Past 5 Years

Minimum 0.0749 Jun 2011
Maximum 0.1002 Apr 2012
Average 0.0856

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.
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ETJ News

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Jul 27, 5:50PM
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Apr 07, 11:28AM
$ETJ is a money machine: $0.45 ad infinitum
about 593 days ago by JohnWhitney
$ETJ - great hedge. Good yield, downside protection. The yield is not obtained by leverage.
about 941 days ago by greedybastard
For those of you longer term investors, look at $ETJ. Nice downside protection, great yield. Working well in this environment.
about 1001 days ago by rwhcfp
$ETJ http://fsc.bz/7r #WORDEN
about 1013 days ago by rwhcfp
@Fran_Indelicato but I'm just a dog, so do your own research! http://bit.ly/ezf0Q $ETJ
about 1104 days ago by SnoopyJC
@Fran_Indelicato Put your money in $ETJ and draw the 11% interest - it's "risk managed" so your principal should be pretty safe
about 1104 days ago by SnoopyJC
If you are looking for a fairly safe ETF/CEF to park cash and get 11% on it, look at $ETJ - daily stochastics are on a "buy" (Discl: long)
about 1127 days ago by SnoopyJC
@MadMoneyMachine You can get 11.5% yield with $ETJ
about 1182 days ago by SnoopyJC
@jmlandt More dividends for you: $ETJ $AOD $JNK $HYG $GLAD $PFF $T
about 1205 days ago by SnoopyJC
port (correct): $XLF $GLD (w/collar) $SLV $CEF $TBT $IMA $T $SSG $SMN $SIJ $SRS $BEARX $ETJ $UUP $DRR $DXO; leap put: $TLT; leap call: $USO
about 1221 days ago by SnoopyJC
Current port: $XLF $GLD (w/collar) $SLV $CEF $TBT $IMA $T $SSG $SMN $SIJ $SRS $BEARX $ETJ $UP $DRR $DXO; leap put: $TLT; leap call: $USO
about 1221 days ago by SnoopyJC
Commentary on the Eaton Vance Risk-Managed CEF: http://tinyurl.com/8y6yrl $ETJ Disclosure: 1/4 of my retirement account invested.
about 1247 days ago by SnoopyJC
@Skyb0x Try the risk-managed $ETJ - since you have to pay a commission to your broker, dollar cost average every 3 months instead of 1.
about 1249 days ago by SnoopyJC
@syalam Yes, dividends are very nice at these prices, but be careful for downside risk and div. cuts. Interesting collar play 10% div $ETJ
about 1252 days ago by SnoopyJC
Bought 1/32 position in $DXO, 1/4 position in $ETJ, both for long-term hold.
about 1252 days ago by SnoopyJC

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