EAGLE MATERIALS INC Market Value
| 26969PAB4 | 85.44 0.65 0.76% |
| Symbol | EAGLE |
EAGLE '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's bond 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.
| 08/24/2024 |
| 11/22/2024 |
If you would invest 0.00 in EAGLE on August 24, 2024 and sell it all today you would earn a total of 0.00 from holding EAGLE MATERIALS INC or generate 0.0% return on investment in EAGLE over 90 days. EAGLE is related to or competes with Cementos Pacasmayo, Apogee Enterprises, Sabre Corpo, Parker Hannifin, Electrovaya Common, Aldel Financial, and Chemours. More
EAGLE 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's bond 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 INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.4515 |
EAGLE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EAGLE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EAGLE's standard deviation. In reality, there are many statistical measures that can use EAGLE historical prices to predict the future EAGLE's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.96) |
EAGLE MATERIALS INC Backtested Returns
EAGLE MATERIALS INC secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the bond had a -0.12% return per unit of return volatility over the last 3 months. EAGLE MATERIALS INC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EAGLE's mean deviation of 0.2478, and Standard Deviation of 0.3318 to check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.0535, which means not very significant fluctuations relative to the market. As returns on the market increase, EAGLE's returns are expected to increase less than the market. However, during the bear market, the loss of holding EAGLE is expected to be smaller as well.
Auto-correlation | -0.87 |
Excellent reverse predictability
EAGLE MATERIALS INC has excellent reverse predictability. Overlapping area represents the amount of predictability between EAGLE time series from 24th of August 2024 to 8th of October 2024 and 8th of October 2024 to 22nd 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 INC price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current EAGLE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
EAGLE MATERIALS INC lagged returns against current returns
Autocorrelation, which is EAGLE bond'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's bond expected returns. We can calculate the autocorrelation of EAGLE returns to help us make a trade decision. For example, suppose you find that EAGLE has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EAGLE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EAGLE bond over time.
Current vs Lagged Prices |
| Timeline |
EAGLE Lagged Returns
When evaluating EAGLE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EAGLE bond have on its future price. EAGLE 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 autocorrelation shows the relationship between EAGLE bond current value and its past values and can show if there is a momentum factor associated with investing in EAGLE MATERIALS INC.
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.Other Information on Investing in EAGLE Bond
EAGLE financial ratios help investors to determine whether EAGLE Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in EAGLE with respect to the benefits of owning EAGLE security.