Eaton Plc Stock Market Value
| ETN Stock | USD 303.02 5.92 1.92% |
| Symbol | Eaton |
Eaton PLC Price To Book Ratio
Is Eaton PLC'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 Eaton PLC. If investors know Eaton 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 Eaton PLC 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 0.304 | Dividend Share 3.44 | Earnings Share 8.03 | Revenue Per Share 58.121 | Quarterly Revenue Growth 0.108 |
The market value of Eaton PLC is measured differently than its book value, which is the value of Eaton that is recorded on the company's balance sheet. Investors also form their own opinion of Eaton PLC's value that differs from its market value or its book value, called intrinsic value, which is Eaton PLC'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 Eaton PLC's market value can be influenced by many factors that don't directly affect Eaton PLC'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 Eaton PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eaton PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eaton PLC'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.
Eaton PLC '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 Eaton PLC'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 Eaton PLC.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Eaton PLC on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Eaton PLC or generate 0.0% return on investment in Eaton PLC over 30 days. Eaton PLC is related to or competes with Dover, Parker Hannifin, Pentair PLC, Illinois Tool, Smith AO, Cummins, and Ingersoll Rand. Eaton Corporation plc operates as a power management company worldwide More
Eaton PLC 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 Eaton PLC'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 Eaton PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.2084 | |||
| Maximum Drawdown | 11.18 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 2.26 |
Eaton PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eaton PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eaton PLC's standard deviation. In reality, there are many statistical measures that can use Eaton PLC historical prices to predict the future Eaton PLC's volatility.| Risk Adjusted Performance | 0.1624 | |||
| Jensen Alpha | 0.3015 | |||
| Total Risk Alpha | 0.233 | |||
| Sortino Ratio | 0.2486 | |||
| Treynor Ratio | 0.288 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eaton PLC'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.
Eaton PLC Backtested Returns
Eaton PLC appears to be very steady, given 3 months investment horizon. Eaton PLC secures Sharpe Ratio (or Efficiency) of 0.26, which denotes the company had a 0.26% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eaton PLC, which you can use to evaluate the volatility of the firm. Please utilize Eaton PLC's Mean Deviation of 1.09, coefficient of variation of 395.12, and Downside Deviation of 1.29 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eaton PLC holds a performance score of 20. The firm shows a Beta (market volatility) of 1.31, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eaton PLC will likely underperform. Please check Eaton PLC's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Eaton PLC's price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Eaton PLC has weak reverse predictability. Overlapping area represents the amount of predictability between Eaton PLC time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Eaton PLC price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Eaton PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 36.87 |
Eaton PLC lagged returns against current returns
Autocorrelation, which is Eaton PLC 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 Eaton PLC's stock expected returns. We can calculate the autocorrelation of Eaton PLC returns to help us make a trade decision. For example, suppose you find that Eaton PLC 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 |
Eaton PLC 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 Eaton PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eaton PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eaton PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Eaton PLC Lagged Returns
When evaluating Eaton PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eaton PLC stock have on its future price. Eaton PLC 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, Eaton PLC autocorrelation shows the relationship between Eaton PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Eaton PLC.
Regressed Prices |
| Timeline |
Pair Trading with Eaton PLC
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 Eaton PLC 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 Eaton PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with Eaton Stock
| 0.76 | B | Barnes Group Earnings Call This Week | PairCorr |
| 0.92 | CR | Crane Company Financial Report 8th of May 2024 | PairCorr |
| 0.74 | HI | Hillenbrand Financial Report 13th of May 2024 | PairCorr |
| 0.95 | IR | Ingersoll Rand Financial Report 1st of May 2024 | PairCorr |
Moving against Eaton Stock
| 0.89 | ATS | ATS Corporation | PairCorr |
| 0.69 | RR | Richtech Robotics Class | PairCorr |
| 0.44 | CYD | China Yuchai Interna | PairCorr |
The ability to find closely correlated positions to Eaton PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eaton PLC 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 Eaton PLC - 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 Eaton PLC to buy it.
The correlation of Eaton PLC 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 Eaton PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eaton PLC 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 Eaton PLC 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 Eaton PLC Correlation, Eaton PLC Volatility and Eaton PLC Alpha and Beta module to complement your research on Eaton PLC. To learn how to invest in Eaton Stock, please use our How to Invest in Eaton PLC guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Eaton Stock analysis
When running Eaton PLC's price analysis, check to measure Eaton PLC'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 Eaton PLC is operating at the current time. Most of Eaton PLC's value examination focuses on studying past and present price action to predict the probability of Eaton PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eaton PLC's price. Additionally, you may evaluate how the addition of Eaton PLC to your portfolios can decrease your overall portfolio volatility.
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Eaton PLC 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.