Eastern Co Stock Market Value
| EML Stock | USD 28.12 0.42 1.47% |
| Symbol | Eastern |
Eastern Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Eastern. If investors know Eastern 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 Eastern 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 1.545 | Dividend Share 0.44 | Earnings Share 2 | Revenue Per Share 45.732 | Quarterly Revenue Growth 0.15 |
The market value of Eastern is measured differently than its book value, which is the value of Eastern that is recorded on the company's balance sheet. Investors also form their own opinion of Eastern's value that differs from its market value or its book value, called intrinsic value, which is Eastern'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 Eastern's market value can be influenced by many factors that don't directly affect Eastern'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 Eastern's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastern'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.
Eastern '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 Eastern'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 Eastern.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Eastern on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Eastern Co or generate 0.0% return on investment in Eastern over 660 days. Eastern is related to or competes with Lincoln Electric, and AB SKF. The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and... More
Eastern 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 Eastern'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 Eastern Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.25 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 4.1 |
Eastern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern's standard deviation. In reality, there are many statistical measures that can use Eastern historical prices to predict the future Eastern's volatility.| Risk Adjusted Performance | (0.0003) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.04) |
Eastern Backtested Returns
Eastern secures Sharpe Ratio (or Efficiency) of -0.035, which denotes the company had a -0.035% return per unit of risk over the last 3 months. Eastern Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eastern's Standard Deviation of 2.3, mean deviation of 1.73, and Variance of 5.3 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.72, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eastern's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eastern is expected to be smaller as well. At this point, Eastern has a negative expected return of -0.078%. Please make sure to confirm Eastern's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Eastern performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Eastern Co has good reverse predictability. Overlapping area represents the amount of predictability between Eastern time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Eastern price movement. The serial correlation of -0.53 indicates that about 53.0% of current Eastern price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 9.49 |
Eastern lagged returns against current returns
Autocorrelation, which is Eastern 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 Eastern's stock expected returns. We can calculate the autocorrelation of Eastern returns to help us make a trade decision. For example, suppose you find that Eastern 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 |
Eastern 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 Eastern stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern stock over time.
Current vs Lagged Prices |
| Timeline |
Eastern Lagged Returns
When evaluating Eastern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern stock have on its future price. Eastern 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, Eastern autocorrelation shows the relationship between Eastern stock current value and its past values and can show if there is a momentum factor associated with investing in Eastern Co.
Regressed Prices |
| Timeline |
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Eastern 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.