Eagle Materials (Germany) Market Value
| E5M Stock | EUR 296.00 2.00 0.67% |
| Symbol | Eagle |
Eagle Materials '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 Eagle Materials' 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 Eagle Materials.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Eagle Materials on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Eagle Materials or generate 0.0% return on investment in Eagle Materials over 720 days. Eagle Materials is related to or competes with Daikin IndustriesLtd, Vulcan Materials, Anhui Conch, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, and Talanx AG. Eagle Materials Inc., through its subsidiaries, produces and supplies heavy construction materials, light building mater... More
Eagle Materials 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 Eagle Materials' 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 Eagle Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.1182 | |||
| Maximum Drawdown | 10.09 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 4.62 |
Eagle Materials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eagle Materials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eagle Materials' standard deviation. In reality, there are many statistical measures that can use Eagle Materials historical prices to predict the future Eagle Materials' volatility.| Risk Adjusted Performance | 0.144 | |||
| Jensen Alpha | 0.3424 | |||
| Total Risk Alpha | 0.0376 | |||
| Sortino Ratio | 0.1521 | |||
| Treynor Ratio | 1.62 |
Eagle Materials Backtested Returns
Eagle Materials appears to be very steady, given 3 months investment horizon. Eagle Materials 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 twenty-eight technical indicators for Eagle Materials, which you can use to evaluate the volatility of the firm. Please utilize Eagle Materials' Coefficient Of Variation of 555.37, downside deviation of 1.64, and Mean Deviation of 1.56 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eagle Materials holds a performance score of 16. The firm shows a Beta (market volatility) of 0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, Eagle Materials' returns are expected to increase less than the market. However, during the bear market, the loss of holding Eagle Materials is expected to be smaller as well. Please check Eagle Materials' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Eagle Materials' price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Eagle Materials has poor predictability. Overlapping area represents the amount of predictability between Eagle Materials time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Eagle Materials price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Eagle Materials price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 851.27 |
Eagle Materials lagged returns against current returns
Autocorrelation, which is Eagle Materials 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 Eagle Materials' stock expected returns. We can calculate the autocorrelation of Eagle Materials returns to help us make a trade decision. For example, suppose you find that Eagle Materials 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 |
Eagle Materials 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 Eagle Materials stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eagle Materials stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eagle Materials stock over time.
Current vs Lagged Prices |
| Timeline |
Eagle Materials Lagged Returns
When evaluating Eagle Materials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eagle Materials stock have on its future price. Eagle Materials 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, Eagle Materials autocorrelation shows the relationship between Eagle Materials stock current value and its past values and can show if there is a momentum factor associated with investing in Eagle Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Eagle Stock
When determining whether Eagle Materials is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Eagle Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Eagle Materials Stock. Highlighted below are key reports to facilitate an investment decision about Eagle Materials Stock:Check out Eagle Materials Correlation, Eagle Materials Volatility and Eagle Materials Alpha and Beta module to complement your research on Eagle Materials. For more detail on how to invest in Eagle Stock please use our How to Invest in Eagle Materials guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Eagle Materials 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.