Eastern Co Stock Market Value
| EML Stock | USD 29.06 0.57 2.00% |
| Symbol | Eastern |
Eastern Price To Book Ratio
Is Eastern'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 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 2.177 | Dividend Share 0.44 | Earnings Share 1.61 | Revenue Per Share 43.157 | Quarterly Revenue Growth (0.06) |
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.
Eastern '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'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 Eastern.
| 02/23/2024 |
| 05/23/2024 |
If you would invest 0.00 in Eastern on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Eastern Co or generate 0.0% return on investment in Eastern over 90 days. Eastern is related to or competes with Timken, Lincoln Electric, HUMANA, Small Cap, High Yield, and Morningstar Unconstrained. The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and... More
Eastern 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'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 Eastern Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.34 | |||
| Information Ratio | 0.0829 | |||
| Maximum Drawdown | 20.54 | |||
| Value At Risk | (5.87) | |||
| Potential Upside | 4.29 |
Eastern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern's standard deviation. In reality, there are many statistical measures that can use Eastern historical prices to predict the future Eastern's volatility.| Risk Adjusted Performance | 0.0704 | |||
| Jensen Alpha | 0.2819 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0762 | |||
| Treynor Ratio | 0.5376 |
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 Backtested Returns
Eastern appears to be not too volatile, given 3 months investment horizon. Eastern secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Eastern Co, which you can use to evaluate the volatility of the firm. Please utilize Eastern's Coefficient Of Variation of 922.92, downside deviation of 3.34, and Mean Deviation of 2.14 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eastern holds a performance score of 7. The firm shows a Beta (market volatility) of 0.6, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eastern's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eastern is expected to be smaller as well. Please check Eastern's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether Eastern's price patterns will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
Eastern Co has very good reverse predictability. Overlapping area represents the amount of predictability between Eastern 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 price movement. The serial correlation of -0.7 indicates that around 70.0% of current Eastern price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 2.5 |
Eastern lagged returns against current returns
Autocorrelation, which is Eastern 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's stock expected returns. We can calculate the autocorrelation of Eastern returns to help us make a trade decision. For example, suppose you find that Eastern 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern stock over time.
Current vs Lagged Prices |
| Timeline |
Eastern Lagged Returns
When evaluating Eastern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern stock have on its future price. Eastern 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 autocorrelation shows the relationship between Eastern stock current value and its past values and can show if there is a momentum factor associated with investing in Eastern Co.
Regressed Prices |
| Timeline |
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Check out Eastern Correlation, Eastern Volatility and Eastern Alpha and Beta module to complement your research on Eastern. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Eastern Stock analysis
When running Eastern's price analysis, check to measure Eastern'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 Eastern is operating at the current time. Most of Eastern's value examination focuses on studying past and present price action to predict the probability of Eastern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastern's price. Additionally, you may evaluate how the addition of Eastern to your portfolios can decrease your overall portfolio volatility.
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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.