Eastern (Egypt) Odds of Future Stock Price Finishing Over 26.4
| EAST Stock | 27.60 1.90 7.39% |
Eastern |
Eastern Target Price Odds to finish over 26.4
The tendency of Eastern Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above 26.40 in 90 days |
| 27.60 | 90 days | 26.40 | about 69.91 |
Based on a normal probability distribution, the odds of Eastern to stay above 26.40 in 90 days from now is about 69.91 (This Eastern Company probability density function shows the probability of Eastern Stock to fall within a particular range of prices over 90 days) . Probability of Eastern Company price to stay between 26.40 and its current price of 27.6 at the end of the 90-day period is about 10.24 .
Assuming the 90 days trading horizon Eastern Company has a beta of -0.54 suggesting as returns on the benchmark increase, returns on holding Eastern are expected to decrease at a much lower rate. During a bear market, however, Eastern Company is likely to outperform the market. Additionally Eastern Company has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Eastern Price Density |
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Predictive Modules for Eastern
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastern Company. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eastern's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Eastern Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eastern is not an exception. The market had few large corrections towards the Eastern's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Eastern Company, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eastern within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.32 | |
β | Beta against NYSE Composite | -0.54 | |
σ | Overall volatility | 4.33 | |
Ir | Information ratio | -0.09 |
Eastern Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Eastern for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eastern Company can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eastern Company generated a negative expected return over the last 90 days | |
| Eastern Company has high historical volatility and very poor performance |
Eastern Technical Analysis
Eastern's future price can be derived by breaking down and analyzing its technical indicators over time. Eastern Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eastern Company. In general, you should focus on analyzing Eastern Stock price patterns and their correlations with different microeconomic environments and drivers.
Eastern Predictive Forecast Models
Eastern's time-series forecasting models is one of many Eastern's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Eastern's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Eastern Company
Checking the ongoing alerts about Eastern for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eastern Company help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eastern Company generated a negative expected return over the last 90 days | |
| Eastern Company has high historical volatility and very poor performance |