Eastern Co Stock Odds of Future Stock Price Finishing Under 29.4
| EML Stock | USD 27.41 0.37 1.37% |
Eastern |
Eastern Target Price Odds to finish below 29.4
The tendency of Eastern Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 29.40 after 90 days |
| 27.41 | 90 days | 29.40 | about 33.82 |
Based on a normal probability distribution, the odds of Eastern to stay under $ 29.40 after 90 days from now is about 33.82 (This Eastern Co probability density function shows the probability of Eastern Stock to fall within a particular range of prices over 90 days) . Probability of Eastern price to stay between its current price of $ 27.41 and $ 29.40 at the end of the 90-day period is about 26.48 .
Considering the 90-day investment horizon Eastern has a beta of 0.41 suggesting as returns on the market go up, Eastern average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eastern Co will be expected to be much smaller as well. Additionally Eastern Co has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Eastern Price Density |
| Price |
Predictive Modules for Eastern
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastern. 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.Eastern Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eastern is not an exception. The market had few large corrections towards the Eastern's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Eastern Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eastern within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.19 | |
β | Beta against Dow Jones | 0.41 | |
σ | Overall volatility | 1.94 | |
Ir | Information ratio | -0.09 |
Eastern Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Eastern for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eastern can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eastern generated a negative expected return over the last 90 days | |
| Eastern is unlikely to experience financial distress in the next 2 years | |
| Eastern has a very strong financial position based on the latest SEC filings | |
| Over 75.0% of the company shares are held by institutions such as insurance companies | |
| On 13th of December 2024 Eastern paid $ 0.11 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: EML Payments Insider Buyers Net AU90k Despite 26 percent Stock Decline |
Eastern Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Eastern Stock often depends not only on the future outlook of the current and potential Eastern's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Eastern's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6.3 M | |
| Cash And Short Term Investments | 9.3 M |
Eastern Technical Analysis
Eastern's future price can be derived by breaking down and analyzing its technical indicators over time. Eastern Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eastern Co. In general, you should focus on analyzing Eastern Stock price patterns and their correlations with different microeconomic environments and drivers.
Eastern Predictive Forecast Models
Eastern's time-series forecasting models is one of many Eastern's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Eastern's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Eastern
Checking the ongoing alerts about Eastern for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eastern help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eastern generated a negative expected return over the last 90 days | |
| Eastern is unlikely to experience financial distress in the next 2 years | |
| Eastern has a very strong financial position based on the latest SEC filings | |
| Over 75.0% of the company shares are held by institutions such as insurance companies | |
| On 13th of December 2024 Eastern paid $ 0.11 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: EML Payments Insider Buyers Net AU90k Despite 26 percent Stock Decline |
Check out Eastern Backtesting, Eastern Valuation, Eastern Correlation, Eastern Hype Analysis, Eastern Volatility, Eastern History as well as Eastern Performance. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Industrial Machinery & Supplies & Components 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 Eastern. If investors know Eastern 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 Eastern 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 1.545 | Dividend Share 0.44 | Earnings Share 2 | Revenue Per Share 45.732 | Quarterly Revenue Growth 0.15 |
The market value of Eastern is measured differently than its book value, which is the value of Eastern that is recorded on the company's balance sheet. Investors also form their own opinion of Eastern's value that differs from its market value or its book value, called intrinsic value, which is Eastern'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 Eastern's market value can be influenced by many factors that don't directly affect Eastern'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 Eastern's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastern'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.