Eastman Gross Profit Margin from 2010 to 2024
| EMN Stock | USD 95.56 0.57 0.59% |
Gross Profit Margin | First Reported 2010-12-31 | Previous Quarter 0.22417917 | Current Value 0.25 | Quarterly Volatility 0.03004799 |
Check Eastman Chemical financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Eastman main balance sheet or income statement drivers, such as Depreciation And Amortization of 447.6 M, Interest Expense of 123.4 M or Total Revenue of 7.8 B, as well as many exotic indicators such as Price To Sales Ratio of 0.76, Dividend Yield of 0.0326 or PTB Ratio of 2.89. Eastman financial statements analysis is a perfect complement when working with Eastman Chemical Valuation or Volatility modules.
Eastman | Gross Profit Margin |
Latest Eastman Chemical's Gross Profit Margin Growth Pattern
Below is the plot of the Gross Profit Margin of Eastman Chemical over the last few years. It is Eastman Chemical's Gross Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Eastman Chemical's overall financial position and show how it may be relating to other accounts over time.
| Gross Profit Margin | 10 Years Trend |
|
Gross Profit Margin |
| Timeline |
Eastman Gross Profit Margin Regression Statistics
| Arithmetic Mean | 0.25 | |
| Geometric Mean | 0.25 | |
| Coefficient Of Variation | 12.13 | |
| Mean Deviation | 0.02 | |
| Median | 0.24 | |
| Standard Deviation | 0.03 | |
| Sample Variance | 0.0009 | |
| Range | 0.1165 | |
| R-Value | (0.47) | |
| Mean Square Error | 0.0008 | |
| R-Squared | 0.22 | |
| Significance | 0.08 | |
| Slope | (0) | |
| Total Sum of Squares | 0.01 |
Eastman Gross Profit Margin History
About Eastman Chemical Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Eastman Chemical income statement, its balance sheet, and the statement of cash flows. Eastman Chemical investors use historical funamental indicators, such as Eastman Chemical's Gross Profit Margin, to determine how well the company is positioned to perform in the future. Although Eastman Chemical investors may use each financial statement separately, they are all related. The changes in Eastman Chemical's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Eastman Chemical's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Eastman Chemical Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Eastman Chemical. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Gross Profit Margin | 0.22 | 0.25 |
Pair Trading with Eastman Chemical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eastman Chemical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eastman Chemical will appreciate offsetting losses from the drop in the long position's value.Moving together with Eastman Stock
| 0.89 | DD | Dupont De Nemours Report 7th of May 2024 | PairCorr |
| 0.93 | FF | FutureFuel Corp | PairCorr |
| 0.77 | ECVT | Ecovyst Financial Report 2nd of May 2024 | PairCorr |
Moving against Eastman Stock
| 0.72 | WDFC | WD 40 Company Financial Report 8th of July 2024 | PairCorr |
The ability to find closely correlated positions to Eastman Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastman Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eastman Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eastman Chemical to buy it.
The correlation of Eastman Chemical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eastman Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastman Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eastman Chemical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Eastman Chemical Correlation against competitors. To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Eastman Stock analysis
When running Eastman Chemical's price analysis, check to measure Eastman Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eastman Chemical is operating at the current time. Most of Eastman Chemical's value examination focuses on studying past and present price action to predict the probability of Eastman Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastman Chemical's price. Additionally, you may evaluate how the addition of Eastman Chemical to your portfolios can decrease your overall portfolio volatility.
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Is Eastman Chemical's industry 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 Eastman Chemical. If investors know Eastman 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 Eastman Chemical 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 311.047 | Dividend Share 3.18 | Earnings Share 7.49 | Revenue Per Share 77.656 | Quarterly Revenue Growth (0.07) |
The market value of Eastman Chemical is measured differently than its book value, which is the value of Eastman that is recorded on the company's balance sheet. Investors also form their own opinion of Eastman Chemical's value that differs from its market value or its book value, called intrinsic value, which is Eastman Chemical'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 Eastman Chemical's market value can be influenced by many factors that don't directly affect Eastman Chemical'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 Eastman Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastman Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastman Chemical'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.