GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance New York Municipal Bond Fund (AMEX:ENX) » Definitions » 12-1 Month Momentum %

Eaton Vance New York Municipal Bond Fund (Eaton Vance New York Municipal Bond Fund) 12-1 Month Momentum % : 2.30% (As of Apr. 28, 2024)


View and export this data going back to 2002. Start your Free Trial

What is Eaton Vance New York Municipal Bond Fund 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-28), Eaton Vance New York Municipal Bond Fund's 12-1 Month Momentum % is 2.30%.

The industry rank for Eaton Vance New York Municipal Bond Fund's 12-1 Month Momentum % or its related term are showing as below:

ENX's 12-1 Month Momentum % is ranked better than
50.69% of 1746 companies
in the Asset Management industry
Industry Median: 1.915 vs ENX: 2.30

Competitive Comparison of Eaton Vance New York Municipal Bond Fund's 12-1 Month Momentum %

For the Asset Management subindustry, Eaton Vance New York Municipal Bond Fund's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eaton Vance New York Municipal Bond Fund's 12-1 Month Momentum % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance New York Municipal Bond Fund's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Eaton Vance New York Municipal Bond Fund's 12-1 Month Momentum % falls into.


Eaton Vance New York Municipal Bond Fund  (AMEX:ENX) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Eaton Vance New York Municipal Bond Fund  (AMEX:ENX) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Eaton Vance New York Municipal Bond Fund 12-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Eaton Vance New York Municipal Bond Fund's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

Eaton Vance New York Municipal Bond Fund (Eaton Vance New York Municipal Bond Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance New York Municipal Bond Fund (AMEX:ENX) » Definitions » 12-1 Month Momentum %
Comparable Companies
MCN BGX PZC NNY PIM EHI MPV IDE HYB FLC BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
Two International Place, Boston, MA, USA, 02110
Website
https://www.eatonvance.com
Eaton Vance New York Municipal Bond Fund is principally engaged in managing investment funds and providing investment management and advisory services to high-net-worth individuals and institutions. It is a non-diversified, closed-end investment company. Its objective is to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state specific funds, taxes in specified state.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Kenneth A Topping officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Paul Metheny other: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Faust Thomas E Jr other: Management Committee of Eaton 255 STATE STREET, BOSTON MA 02109
Anchal Pachnanda officer: Officer TWO INTERNATIONAL PLACE, BOSTON MA 02110
Alan C. Bowser other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nicholas Dilorenzo officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Nancy A Wiser other: Trustee WELLS FARGO FUNDS MANAGEMENT, 200 BERKELEY STREET, 19TH FLOOR, BOSTON MA 02116
Jill Damon officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kimberly M Roessiger officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Deidre E Walsh officer: Vice President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eric Stein officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Christopher J. Eustance officer: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Keith Quinton other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110