Eastern Bankshares Stock Market Value
| EBC Stock | USD 14.05 0.10 0.71% |
| Symbol | Eastern |
Is Eastern Bankshares' 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 Eastern Bankshares. 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 Bankshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Eastern Bankshares 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 Bankshares' value that differs from its market value or its book value, called intrinsic value, which is Eastern Bankshares' 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 Bankshares' market value can be influenced by many factors that don't directly affect Eastern Bankshares' 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 Bankshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastern Bankshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastern Bankshares' 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.
Eastern Bankshares '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 Eastern Bankshares' 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 Eastern Bankshares.
| 02/23/2024 |
| 05/23/2024 |
If you would invest 0.00 in Eastern Bankshares on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Eastern Bankshares or generate 0.0% return on investment in Eastern Bankshares over 90 days. Eastern Bankshares is related to or competes with Western New, Northeast Community, Independent Bank, First Bancshares, Brookline Bancorp, Heritage Commerce, and Cambridge Bancorp. Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and servic... More
Eastern Bankshares 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 Eastern Bankshares' 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 Eastern Bankshares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.029 | |||
| Maximum Drawdown | 9.41 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 3.3 |
Eastern Bankshares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern Bankshares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern Bankshares' standard deviation. In reality, there are many statistical measures that can use Eastern Bankshares historical prices to predict the future Eastern Bankshares' volatility.| Risk Adjusted Performance | 0.0483 | |||
| Jensen Alpha | 0.1248 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0258 | |||
| Treynor Ratio | (1.84) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eastern Bankshares' 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 Bankshares Backtested Returns
We consider Eastern Bankshares not too volatile. Eastern Bankshares secures Sharpe Ratio (or Efficiency) of 0.0722, which denotes the company had a 0.0722% return per unit of risk over the last 3 months. We have found thirty technical indicators for Eastern Bankshares, which you can use to evaluate the volatility of the firm. Please confirm Eastern Bankshares' Downside Deviation of 2.03, coefficient of variation of 1385.21, and Mean Deviation of 1.33 to check if the risk estimate we provide is consistent with the expected return of 0.13%. Eastern Bankshares has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0653, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eastern Bankshares are expected to decrease at a much lower rate. During the bear market, Eastern Bankshares is likely to outperform the market. Eastern Bankshares right now shows a risk of 1.81%. Please confirm Eastern Bankshares potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if Eastern Bankshares will be following its price patterns.
Auto-correlation | 0.47 |
Average predictability
Eastern Bankshares has average predictability. Overlapping area represents the amount of predictability between Eastern Bankshares time series from 23rd of February 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of May 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 Eastern Bankshares price movement. The serial correlation of 0.47 indicates that about 47.0% of current Eastern Bankshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Eastern Bankshares lagged returns against current returns
Autocorrelation, which is Eastern Bankshares 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 Eastern Bankshares' stock expected returns. We can calculate the autocorrelation of Eastern Bankshares returns to help us make a trade decision. For example, suppose you find that Eastern Bankshares 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 |
Eastern Bankshares 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 Eastern Bankshares stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern Bankshares stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern Bankshares stock over time.
Current vs Lagged Prices |
| Timeline |
Eastern Bankshares Lagged Returns
When evaluating Eastern Bankshares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern Bankshares stock have on its future price. Eastern Bankshares 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, Eastern Bankshares autocorrelation shows the relationship between Eastern Bankshares stock current value and its past values and can show if there is a momentum factor associated with investing in Eastern Bankshares.
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.When determining whether Eastern Bankshares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eastern Bankshares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eastern Bankshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eastern Bankshares Stock:Check out Eastern Bankshares Correlation, Eastern Bankshares Volatility and Eastern Bankshares Alpha and Beta module to complement your research on Eastern Bankshares. For information on how to trade Eastern Stock refer to our How to Trade Eastern Stock guide.Note that the Eastern Bankshares information on this page should be used as a complementary analysis to other Eastern Bankshares' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Eastern Stock analysis
When running Eastern Bankshares' price analysis, check to measure Eastern Bankshares' 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 Eastern Bankshares is operating at the current time. Most of Eastern Bankshares' value examination focuses on studying past and present price action to predict the probability of Eastern Bankshares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastern Bankshares' price. Additionally, you may evaluate how the addition of Eastern Bankshares to your portfolios can decrease your overall portfolio volatility.
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Eastern Bankshares 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.