Eastman Stock Market Value

EMN
 Stock
  

USD 85.17  0.09  0.11%   

Eastman Chemical's market value is the price at which a share of Eastman Chemical stock trades on a public exchange. It measures the collective expectations of Eastman Chemical investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Eastman Chemical and determine expected loss or profit from investing in Eastman Chemical over a given investment horizon. Continue to Eastman Chemical Correlation, Eastman Chemical Volatility and Eastman Chemical Alpha and Beta module to complement your research on Eastman Chemical.
Symbol


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 YOY
(0.043) 
Market Capitalization
10.2 B
Quarterly Revenue Growth YOY
(0.004) 
Return On Assets
0.0693
Return On Equity
0.2011
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 Eastman Chemical value 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.

Eastman Chemical '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 Eastman Chemical'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 Eastman Chemical.
0.00
02/18/2021
No Change 0.00  0.0 
In 1 year 9 months and 22 days
12/10/2022
0.00
If you would invest  0.00  in Eastman Chemical on February 18, 2021 and sell it all today you would earn a total of 0.00 from holding Eastman Chemical or generate 0.0% return on investment in Eastman Chemical over 660 days. Eastman Chemical is related to or competes with Johnson Controls, Charles Schwab, Boeing, International Business, Microsoft, McDonalds, and Alcoa Corp. Eastman Chemical Company operates as a specialty materials company in the United States and internationally More

Eastman Chemical 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 Eastman Chemical'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 Eastman Chemical upside and downside potential and time the market with a certain degree of confidence.

Eastman Chemical Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastman Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastman Chemical's standard deviation. In reality, there are many statistical measures that can use Eastman Chemical historical prices to predict the future Eastman Chemical's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Eastman Chemical'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. Please use the tools below to analyze the current value of Eastman Chemical in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
82.2685.0087.74
Details
Intrinsic
Valuation
LowReal ValueHigh
76.65110.53113.27
Details
Naive
Forecast
LowNext ValueHigh
80.2482.9885.72
Details
11 Analysts
Consensus
LowTarget PriceHigh
110.00136.75165.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Eastman Chemical. Your research has to be compared to or analyzed against Eastman Chemical's peers to derive any actionable benefits. When done correctly, Eastman Chemical's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Eastman Chemical.

Eastman Chemical Backtested Returns

Eastman Chemical secures Sharpe Ratio (or Efficiency) of -0.0427, which denotes the company had -0.0427% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Eastman Chemical exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Eastman Chemical coefficient of variation of (4,896), and Mean Deviation of 1.96 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.5978, which means a somewhat significant risk relative to the market. Let's try to break down what Eastman's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eastman Chemical will likely underperform. Even though it is essential to pay attention to Eastman Chemical historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Eastman Chemical exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Eastman Chemical has an expected return of -0.12%. Please be advised to confirm Eastman Chemical value at risk, as well as the relationship between the skewness and day median price to decide if Eastman Chemical performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.15  

Insignificant predictability

Eastman Chemical has insignificant predictability. Overlapping area represents the amount of predictability between Eastman Chemical time series from 18th of February 2021 to 14th of January 2022 and 14th of January 2022 to 10th of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eastman Chemical price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Eastman Chemical price fluctuation can be explain by its past prices.
Correlation Coefficient0.15
Spearman Rank Test0.09
Residual Average0.0
Price Variance196.82

Eastman Chemical lagged returns against current returns

Autocorrelation, which is Eastman Chemical 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 Eastman Chemical's stock expected returns. We can calculate the autocorrelation of Eastman Chemical returns to help us make a trade decision. For example, suppose you find that Eastman Chemical stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Eastman Chemical 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 Eastman Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastman Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastman Chemical stock over time.
   Current vs Lagged Prices   
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       Timeline  

Eastman Chemical Lagged Returns

When evaluating Eastman Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastman Chemical stock have on its future price. Eastman Chemical 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, Eastman Chemical autocorrelation shows the relationship between Eastman Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Eastman Chemical.
   Regressed Prices   
Share
       Timeline  

Eastman Chemical Investors Sentiment

The influence of Eastman Chemical's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Eastman. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Eastman Chemical's public news can be used to forecast risks associated with investment in Eastman. The trend in average sentiment can be used to explain how an investor holding Eastman can time the market purely based on public headlines and social activities around Eastman Chemical. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Eastman Chemical's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Eastman Chemical's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Eastman Chemical's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Eastman Chemical.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eastman Chemical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eastman Chemical's short interest history, or implied volatility extrapolated from Eastman Chemical options trading.

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 Chemical

+0.95AXTAAxalta Coating Systems Sell-off TrendPairCorr
+0.67SIDCompanhia Siderurgica Buyout TrendPairCorr
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 equities. 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.
Pair CorrelationCorrelation Matching
Continue to Eastman Chemical Correlation, Eastman Chemical Volatility and Eastman Chemical Alpha and Beta module to complement your research on Eastman Chemical. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for analysis

When running Eastman Chemical 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 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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Eastman Chemical 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.
A focus of Eastman Chemical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Eastman Chemical trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...