Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY)
Eaton Vance Tax-Managed Diversified Equity Income Fund Beta: 0.766
View ETY Beta with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
ETY Beta Range, Past 5 Years
| Minimum | 0.731 | Jun 2011 |
| Maximum | 0.8047 | Jul 2010 |
| Average | 0.7544 |
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 ETY related companies
ETY News
May 14, 4:10PM PR Newswire
May 09, 1:40PM Seeking Alpha
Apr 17, 12:51PM PR Newswire
Mar 13, 11:09PM PR Newswire
Feb 29, 2:25PM PR Newswire
Feb 10, 2:49PM PR Newswire
Jan 10, 12:08PM PR Newswire
Jan 03, 10:35AM Seeking Alpha
Nov 30, 1:59PM PR Newswire
Nov 11, 4:22PM PR Newswire
Oct 14, 3:32PM PR Newswire
Aug 31, 2:32PM PR Newswire
Aug 12, 4:25PM PR Newswire
Jul 12, 12:35PM PR Newswire
May 31, 2:20PM PR Newswire
May 13, 5:00PM PR Newswire
Apr 04, 10:57AM PR Newswire
Feb 28, 3:02PM PR Newswire
Jan 11, 1:48PM PR Newswire
about 568 days ago by StockTiger
about 865 days ago by rcline_jr
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ETY | 8.80 | +0.01 | +0.11% | |
| EMN | 47.62 | +0.62 | +1.32% | 6.569B |
| EMMT | 18.03 | +0.00 | +0.00% | |
| EMMS | 1.54 | -0.07 | -4.35% | 59.64M |
| EMM | 60.73 | +0.00 | +0.00% | |
| EMLC | 24.55 | +0.08 | +0.33% | |
| EML | 16.76 | +0.06 | +0.36% | 104.08M |
| EMKR | 3.96 | +0.03 | +0.76% | 93.14M |
| EMJ | 15.02 | +0.07 | +0.47% | |
| EMITF | 2.20 | +0.00 | +0.00% | 54.76M |
