What is Eaton Vance Tax Advgd Gbl Div Fd Sloan Ratio %?
Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
As of Apr. 2024, Eaton Vance Tax Advgd Gbl Div Fd has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Eaton Vance Tax Advgd Gbl Div Fd Sloan Ratio % Historical Data
* 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.
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Eaton Vance Tax Advgd Gbl Div Fd Sloan Ratio % Chart
Competitive Comparison of Eaton Vance Tax Advgd Gbl Div Fd's Sloan Ratio %
For the Asset Management subindustry, Eaton Vance Tax Advgd Gbl Div Fd's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Tax Advgd Gbl Div Fd's Sloan Ratio % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance Tax Advgd Gbl Div Fd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Eaton Vance Tax Advgd Gbl Div Fd's Sloan Ratio % falls into.
Eaton Vance Tax Advgd Gbl Div Fd Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
* 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 Tax Advgd Gbl Div Fd (NYSE:ETG) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Apr. 2024, Eaton Vance Tax Advgd Gbl Div Fd has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Eaton Vance Tax Advgd Gbl Div Fd Sloan Ratio % Related Terms
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Eaton Vance Tax Advgd Gbl Div Fd Business Description
Eaton Vance Tax Advgd Gbl Div Inc Fd is a diversified, closed-end management investment company. Its investment objective is to provide a high level of after-tax total return consisting of tax-advantaged dividend income and capital appreciation. The fund pursues its objective by investing in dividend-paying common and preferred stocks. Its portfolio of investments consists of aerospace and defense, capital markets, diversified telecommunication services, electrical equipment, biotechnology, banks, and other areas.
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