Eastman Chemical Stock Forecast - Naive Prediction
| EMN Stock | USD 68.78 2.53 3.82% |
The Naive Prediction forecasted value of Eastman Chemical on the next trading day is expected to be 70.07 with a mean absolute deviation of 1.11 and the sum of the absolute errors of 69.05. Eastman Stock Forecast is based on your current time horizon. Although Eastman Chemical's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Eastman Chemical's systematic risk associated with finding meaningful patterns of Eastman Chemical fundamentals over time.
The relative strength index (RSI) of Eastman Chemical's stock price is about 63 suggesting that the stock is rather overbought by investors as of today. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Eastman, making its price go up or down. Momentum 63
Buy Extended
Oversold | Overbought |
Quarterly Earnings Growth (0.74) | EPS Estimate Next Quarter 1.0762 | EPS Estimate Current Year 5.4074 | EPS Estimate Next Year 6.1643 | Wall Street Target Price 73.1875 |
Using Eastman Chemical hype-based prediction, you can estimate the value of Eastman Chemical from the perspective of Eastman Chemical response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Eastman Chemical using Eastman Chemical's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Eastman using crowd psychology based on the activity and movement of Eastman Chemical's stock price.
Eastman Chemical Short Interest
An investor who is long Eastman Chemical may also wish to track short interest. As short interest increases, investors should be becoming more worried about Eastman Chemical and may potentially protect profits, hedge Eastman Chemical with its derivative instruments, or be ready for some potential downside.
200 Day MA 70.4012 | Short Percent 0.0515 | Short Ratio 2.89 | Shares Short Prior Month 4.1 M | 50 Day MA 61.9324 |
Eastman Chemical Hype to Price Pattern
Investor biases related to Eastman Chemical's public news can be used to forecast risks associated with an investment in Eastman. The trend in average sentiment can be used to explain how an investor holding Eastman can time the market purely based on public headlines and social activities around Eastman Chemical. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Eastman Chemical's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Eastman Chemical.
Eastman Chemical Implied Volatility | 0.49 |
Eastman Chemical's implied volatility exposes the market's sentiment of Eastman Chemical stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Eastman Chemical's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Eastman Chemical stock will not fluctuate a lot when Eastman Chemical's options are near their expiration.
The Naive Prediction forecasted value of Eastman Chemical on the next trading day is expected to be 70.07 with a mean absolute deviation of 1.11 and the sum of the absolute errors of 69.05. Eastman Chemical after-hype prediction price | USD 68.78 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Eastman Chemical to cross-verify your projections. Open Interest Against 2026-03-20 Eastman Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Eastman Chemical's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Eastman Chemical's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Eastman Chemical stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Eastman Chemical's open interest, investors have to compare it to Eastman Chemical's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Eastman Chemical is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Eastman. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Eastman Chemical Additional Predictive Modules
Most predictive techniques to examine Eastman price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Eastman using various technical indicators. When you analyze Eastman charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Eastman Chemical Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Eastman Chemical's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 1993-12-31 | Previous Quarter 423 M | Current Value 489 M | Quarterly Volatility 337.8 M |
Eastman Chemical Naive Prediction Price Forecast For the 10th of January
Given 90 days horizon, the Naive Prediction forecasted value of Eastman Chemical on the next trading day is expected to be 70.07 with a mean absolute deviation of 1.11, mean absolute percentage error of 1.81, and the sum of the absolute errors of 69.05.Please note that although there have been many attempts to predict Eastman Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Eastman Chemical's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Eastman Chemical Stock Forecast Pattern
| Backtest Eastman Chemical | Eastman Chemical Price Prediction | Buy or Sell Advice |
Eastman Chemical Forecasted Value
In the context of forecasting Eastman Chemical's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Eastman Chemical's downside and upside margins for the forecasting period are 67.87 and 72.27, respectively. We have considered Eastman Chemical's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Eastman Chemical stock data series using in forecasting. Note that when a statistical model is used to represent Eastman Chemical stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 120.5424 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.1138 |
| MAPE | Mean absolute percentage error | 0.0183 |
| SAE | Sum of the absolute errors | 69.055 |
Predictive Modules for Eastman Chemical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastman Chemical. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for Eastman Chemical
For every potential investor in Eastman, whether a beginner or expert, Eastman Chemical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eastman Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eastman. Basic forecasting techniques help filter out the noise by identifying Eastman Chemical's price trends.Eastman Chemical Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Eastman Chemical stock to make a market-neutral strategy. Peer analysis of Eastman Chemical could also be used in its relative valuation, which is a method of valuing Eastman Chemical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Eastman Chemical Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Eastman Chemical's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Eastman Chemical's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Eastman Chemical Market Strength Events
Market strength indicators help investors to evaluate how Eastman Chemical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eastman Chemical shares will generate the highest return on investment. By undertsting and applying Eastman Chemical stock market strength indicators, traders can identify Eastman Chemical entry and exit signals to maximize returns.
Eastman Chemical Risk Indicators
The analysis of Eastman Chemical's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Eastman Chemical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eastman stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.69 | |||
| Semi Deviation | 1.95 | |||
| Standard Deviation | 2.27 | |||
| Variance | 5.16 | |||
| Downside Variance | 4.35 | |||
| Semi Variance | 3.79 | |||
| Expected Short fall | (1.79) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Eastman Chemical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eastman Chemical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eastman Chemical will appreciate offsetting losses from the drop in the long position's value.Moving against Eastman Stock
The ability to find closely correlated positions to Eastman Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastman Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eastman Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eastman Chemical to buy it.
The correlation of Eastman Chemical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eastman Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastman Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eastman Chemical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Eastman Chemical to cross-verify your projections. To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Diversified Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastman Chemical. If investors know Eastman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastman Chemical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.74) | Dividend Share 3.32 | Earnings Share 5.99 | Revenue Per Share | Quarterly Revenue Growth (0.11) |
The market value of Eastman Chemical is measured differently than its book value, which is the value of Eastman that is recorded on the company's balance sheet. Investors also form their own opinion of Eastman Chemical's value that differs from its market value or its book value, called intrinsic value, which is Eastman Chemical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastman Chemical's market value can be influenced by many factors that don't directly affect Eastman Chemical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eastman Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastman Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastman Chemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.