Eaton Plc (Brazil) Market Value
| E1TN34 Stock | BRL 161.00 4.11 2.62% |
| 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.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Eaton Plc on December 7, 2023 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 360 days. Eaton Plc is related to or competes with Planet Fitness, Deutsche Bank, CVS Health, Bread Financial, Zoom Video, Unifique Telecomunicaes, and Delta Air. 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 | 2.09 | |||
| Information Ratio | 0.1792 | |||
| Maximum Drawdown | 9.78 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 3.38 |
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 | 0.1982 | |||
| Jensen Alpha | 0.432 | |||
| Total Risk Alpha | 0.151 | |||
| Sortino Ratio | 0.1638 | |||
| Treynor Ratio | 1.61 |
Eaton plc Backtested Returns
Eaton Plc appears to be very steady, given 3 months investment horizon. Eaton plc secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Eaton plc, which you can use to evaluate the volatility of the firm. Please utilize Eaton Plc's Downside Deviation of 2.09, mean deviation of 1.26, and Coefficient Of Variation of 397.76 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 18. The firm shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, Eaton Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eaton Plc is expected to be smaller as well. Please check Eaton Plc's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Eaton Plc's price patterns will revert.
Auto-correlation | 0.62 |
Good predictability
Eaton plc has good predictability. Overlapping area represents the amount of predictability between Eaton Plc time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 0.62 indicates that roughly 62.0% of current Eaton Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 118.46 |
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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 information on how to trade Eaton Stock refer to our How to Trade Eaton Stock guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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.