Eastman Chemical (UK) Price on September 3, 2024
| 0IF3 Stock | 103.80 1.19 1.13% |
Below is the normalized historical share price chart for Eastman Chemical Co extending back to January 30, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Eastman Chemical stands at 103.80, as last reported on the 29th of November, with the highest price reaching 105.90 and the lowest price hitting 103.80 during the day.
If you're considering investing in Eastman Stock, it is important to understand the factors that can impact its price. Currently, Eastman Chemical Co is very steady. Eastman Chemical secures Sharpe Ratio (or Efficiency) of 0.0494, which denotes the company had a 0.0494% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Eastman Chemical Co, which you can use to evaluate the volatility of the firm. Please confirm Eastman Chemical's Downside Deviation of 1.19, mean deviation of 1.12, and Coefficient Of Variation of 1958.64 to check if the risk estimate we provide is consistent with the expected return of 0.0718%.
Common Stock Shares Outstanding is likely to gain to about 121.3 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 3.1 B in 2024. . Eastman Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 82.4671 | 50 Day MA 86.3071 | Beta 1.459 |
Eastman |
Sharpe Ratio = 0.0494
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| Cash | Small Risk | 0IF3 | High Risk | Huge Risk |
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Estimated Market Risk
| 1.45 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Eastman Chemical is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Eastman Chemical by adding it to a well-diversified portfolio.
Book Value 48.8 | Enterprise Value 16.7 B | Price Sales 1.5502 | Shares Float 115 M | Shares Outstanding 140 M |
Eastman Chemical Valuation on September 3, 2024
It is possible to determine the worth of Eastman Chemical on a given historical date. On September 3, 2024 Eastman was worth 100.58 at the beginning of the trading date compared to the closed value of 99.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Eastman Chemical stock. Still, in general, we apply an absolute valuation method to find Eastman Chemical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Eastman Chemical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Eastman Chemical's related companies.
| Open | High | Low | Close | Volume | |
| 101.23 | 101.23 | 100.41 | 100.41 | 179.00 | |
09/03/2024 | 100.58 | 100.58 | 98.96 | 99.86 | 20.00 |
| 99.90 | 100.14 | 98.54 | 98.77 | 34.00 |
| Backtest Eastman Chemical | | | Eastman Chemical History | | | Eastman Chemical Valuation | Previous | Next |
Eastman Chemical Trading Date Momentum on September 3, 2024
| On September 04 2024 Eastman Chemical Co was traded for 98.77 at the closing time. The highest price during the trading period was 100.14 and the lowest recorded bid was listed for 98.54 . The volume for the day was 34.0. This history from September 4, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.09% . The overall trading delta to the current price is 0.37% . |
Eastman Chemical Fundamentals Correlations and Trends
By evaluating Eastman Chemical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Eastman Chemical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Eastman financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Eastman Chemical Stock history
Eastman Chemical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Eastman is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Eastman Chemical will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Eastman Chemical stock prices may prove useful in developing a viable investing in Eastman Chemical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 119.4 M | 121.3 M | |
| Net Income Applicable To Common Shares | 713.7 M | 713.5 M |
Eastman Chemical Stock Technical Analysis
Eastman Chemical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Eastman Chemical Period Price Range
Low | November 29, 2024
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0.00 | 0.00 |
Eastman Chemical Co cannot be verified against its exchange. Please verify the symbol is currently traded on London Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Eastman Chemical November 29, 2024 Market Strength
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 Co entry and exit signals to maximize returns
Eastman Chemical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Eastman Chemical's price direction in advance. Along with the technical and fundamental analysis of Eastman Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Eastman to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0438 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0719 |
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Additional Tools for Eastman Stock Analysis
When running Eastman Chemical's price analysis, check to measure Eastman Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eastman Chemical is operating at the current time. Most of Eastman Chemical's value examination focuses on studying past and present price action to predict the probability of Eastman Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastman Chemical's price. Additionally, you may evaluate how the addition of Eastman Chemical to your portfolios can decrease your overall portfolio volatility.