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EVG (Eaton Vance Short Duration Diversifiedome Fund) Beta : -0.15 (As of Dec. 11, 2024)


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What is Eaton Vance Short Duration Diversifiedome Fund Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-11), Eaton Vance Short Duration Diversifiedome Fund's Beta is -0.15.


Eaton Vance Short Duration Diversifiedome Fund Beta Historical Data

The historical data trend for Eaton Vance Short Duration Diversifiedome Fund's Beta can be seen below:

* 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.

* Premium members only.

Eaton Vance Short Duration Diversifiedome Fund Beta Chart

Eaton Vance Short Duration Diversifiedome Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Beta
Get a 7-Day Free Trial 0.10 -0.05 -0.05 0.53 0.49

Eaton Vance Short Duration Diversifiedome Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.48 0.53 -0.08 0.49 0.50

Competitive Comparison of Eaton Vance Short Duration Diversifiedome Fund's Beta

For the Asset Management subindustry, Eaton Vance Short Duration Diversifiedome Fund's Beta, along with its competitors' market caps and Beta 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 Short Duration Diversifiedome Fund's Beta Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Short Duration Diversifiedome Fund's Beta distribution charts can be found below:

* The bar in red indicates where Eaton Vance Short Duration Diversifiedome Fund's Beta falls into.



Eaton Vance Short Duration Diversifiedome Fund Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.


Eaton Vance Short Duration Diversifiedome Fund  (NYSE:EVG) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)


Eaton Vance Short Duration Diversifiedome Fund Beta Related Terms

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Eaton Vance Short Duration Diversifiedome Fund Business Description

Traded in Other Exchanges
N/A
Address
Two International Place, Boston, MA, USA, 02110
Eaton Vance Short Duration Diversified Income Fund is a diversified, closed-end management investment company. Its primary investment objective is to provide a high level of current income with a secondary objective of seeking capital appreciation to the extent consistent with its primary goal. The portfolio of investments consists of business equipment and services, automotive, cable and satellite television, chemicals and plastics, food products, and other areas.
Executives
Kenneth A Topping officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
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
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
Federico C Sequeda other: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Ali Akbar Causer other: Portfolio Manager 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
Marcus L. Smith other: Trustee 555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
Keith Quinton other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Froio Richard F Sr officer: [email protected] C/O BISYS FUND SERVICES, 60 STATE ST., BOSTON MA 02129
Scott H Page officer: Vice President 255 STATE STREET, BOSTON MA 02109
Sarah Orvin other: Portfolio Manager 2 INTERNATIONAL PLACE, BOSTON MA 02110