Eastern Co Stock Technical Analysis
| EML Stock | USD 28.54 0.35 1.24% |
As of the 24th of November, Eastern shows the Variance of 5.3, standard deviation of 2.3, and Mean Deviation of 1.73. Eastern technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Eastern market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Eastern is priced favorably, providing market reflects its regular price of 28.54 per share. Given that Eastern has information ratio of (0.07), we urge you to verify Eastern Co's prevailing market performance to make sure the company can sustain itself at a future point.
Eastern Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Eastern, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EasternEastern |
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.
Eastern Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Eastern volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Eastern Trend Analysis
Use this graph to draw trend lines for Eastern Co. You can use it to identify possible trend reversals for Eastern as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Eastern price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Eastern Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Eastern Co applied against its price change over selected period. The best fit line has a slop of 0.04 , which may imply that the returns on investment in Eastern Co will continue to fail. It has 122 observation points and a regression sum of squares at 60.04, which is the sum of squared deviations for the predicted Eastern price change compared to its average price change.About Eastern Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Eastern Co on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Eastern Co based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Eastern price pattern first instead of the macroeconomic environment surrounding Eastern. By analyzing Eastern's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Eastern's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Eastern specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2016 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0211 | 0.0228 | 0.0262 | 0.0304 | Price To Sales Ratio | 0.95 | 0.43 | 0.39 | 0.49 |
Eastern November 24, 2024 Technical Indicators
Most technical analysis of Eastern help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Eastern from various momentum indicators to cycle indicators. When you analyze Eastern charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | (0.0003) | |||
| Market Risk Adjusted Performance | (0.03) | |||
| Mean Deviation | 1.73 | |||
| Coefficient Of Variation | (11,051) | |||
| Standard Deviation | 2.3 | |||
| Variance | 5.3 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.04) | |||
| Maximum Drawdown | 12.25 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 4.1 | |||
| Skewness | (0.17) | |||
| Kurtosis | 0.7971 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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.