Eastman Chemical Stock Price on April 25, 2024
| EMN Stock | USD 105.59 1.99 1.92% |
Below is the normalized historical share price chart for Eastman Chemical extending back to December 14, 1993. 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 105.59, as last reported on the 25th of November, with the highest price reaching 105.84 and the lowest price hitting 103.70 during the day.
If you're considering investing in Eastman Stock, it is important to understand the factors that can impact its price. As of now, Eastman Stock is very steady. Eastman Chemical secures Sharpe Ratio (or Efficiency) of 0.0678, which denotes the company had a 0.0678% return per unit of risk over the last 3 months. We have found thirty technical indicators for Eastman Chemical, which you can use to evaluate the volatility of the firm. Please confirm Eastman Chemical's Coefficient Of Variation of 1163.6, downside deviation of 1.37, and Mean Deviation of 1.11 to check if the risk estimate we provide is consistent with the expected return of 0.0979%.
At this time, Eastman Chemical's Common Stock Shares Outstanding is very stable compared to the past year. As of the 25th of November 2024, Stock Based Compensation is likely to grow to about 68.2 M, while Total Stockholder Equity is likely to drop about 3.1 B. . At this time, Eastman Chemical's Price Book Value Ratio is very stable compared to the past year. As of the 25th of November 2024, Price Earnings To Growth Ratio is likely to grow to 0.43, while Price To Sales Ratio is likely to drop 0.76. Eastman Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 10th of October 1993 | 200 Day MA 99.1115 | 50 Day MA 106.4242 | Beta 1.459 |
Eastman |
Sharpe Ratio = 0.0678
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Estimated Market Risk
| 1.44 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Eastman Chemical is performing at about 5% 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.
Price Book 2.1647 | Enterprise Value Ebitda 8.692 | Price Sales 1.3099 | Shares Float 115 M | Dividend Share 3.24 |
Eastman Chemical Valuation on April 25, 2024
It is possible to determine the worth of Eastman Chemical on a given historical date. On April 25, 2024 Eastman was worth 94.51 at the beginning of the trading date compared to the closed value of 94.6. 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 | |
| 94.88 | 95.50 | 94.39 | 94.82 | 1,071,093 | |
04/25/2024 | 94.51 | 94.72 | 93.34 | 94.60 | 1,631,680 |
| 94.47 | 96.18 | 92.82 | 94.04 | 1,337,744 |
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Eastman Chemical Trading Date Momentum on April 25, 2024
| On April 26 2024 Eastman Chemical was traded for 94.04 at the closing time. Highest Eastman Chemical's price during the trading hours was 96.18 and the lowest price during the day was 92.82 . The net volume was 1.3 M. The overall trading history on the 26th of April contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.59% . The overall trading delta to current price is 1.95% . |
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 | 912 M | 672.7 M |
Eastman Chemical Quarterly Net Working Capital |
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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 25, 2024
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0.00 | 0.00 |
Eastman Chemical cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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 25, 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 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 | 0.0706 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.119 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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 0.027 | Dividend Share 3.24 | Earnings Share 7.47 | Revenue Per Share 79.642 | Quarterly Revenue Growth 0.087 |
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.