Eaton PLC (Germany) Market Value
| 3EC Stock | EUR 346.20 4.40 1.29% |
| Symbol | Eaton |
Eaton PLC 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Eaton PLC's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Eaton PLC.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Eaton PLC on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Eaton PLC or generate 0.0% return on investment in Eaton PLC over 180 days. Eaton PLC is related to or competes with INFORMATION SVC, SHELF DRILLING, TERADATA, Stewart Information, Fidelity National, Major Drilling, and G-III APPAREL. Eaton Corporation plc operates as a power management company worldwide More
Eaton PLC Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Eaton PLC's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Eaton PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.1397 | |||
| Maximum Drawdown | 10.1 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 3.64 |
Eaton PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eaton PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eaton PLC's standard deviation. In reality, there are many statistical measures that can use Eaton PLC historical prices to predict the future Eaton PLC's volatility.| Risk Adjusted Performance | 0.1627 | |||
| Jensen Alpha | 0.4145 | |||
| Total Risk Alpha | 0.0847 | |||
| Sortino Ratio | 0.1455 | |||
| Treynor Ratio | (4.93) |
Eaton PLC Backtested Returns
Eaton PLC appears to be very steady, given 3 months investment horizon. Eaton PLC secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the company had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for Eaton PLC, which you can use to evaluate the volatility of the firm. Please utilize Eaton PLC's Coefficient Of Variation of 490.0, downside deviation of 1.95, and Mean Deviation of 1.48 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eaton PLC holds a performance score of 16. The firm shows a Beta (market volatility) of -0.082, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eaton PLC are expected to decrease at a much lower rate. During the bear market, Eaton PLC is likely to outperform the market. Please check Eaton PLC's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Eaton PLC's price patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Eaton PLC has very good reverse predictability. Overlapping area represents the amount of predictability between Eaton PLC time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eaton PLC price movement. The serial correlation of -0.67 indicates that around 67.0% of current Eaton PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 746.1 |
Eaton PLC lagged returns against current returns
Autocorrelation, which is Eaton PLC stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Eaton PLC's stock expected returns. We can calculate the autocorrelation of Eaton PLC returns to help us make a trade decision. For example, suppose you find that Eaton PLC has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Eaton PLC regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Eaton PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eaton PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eaton PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Eaton PLC Lagged Returns
When evaluating Eaton PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eaton PLC stock have on its future price. Eaton PLC autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Eaton PLC autocorrelation shows the relationship between Eaton PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Eaton PLC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Eaton Stock
When determining whether Eaton PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eaton PLC's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eaton Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eaton Plc Stock:Check out Eaton PLC Correlation, Eaton PLC Volatility and Eaton PLC Alpha and Beta module to complement your research on Eaton PLC. For more detail on how to invest in Eaton Stock please use our How to Invest in Eaton PLC guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Eaton PLC 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.