Eaton PLC Stock Forecast - Daily Balance Of Power

ETN Stock  USD 338.12  2.48  0.74%   
Eaton Stock Forecast is based on your current time horizon. Although Eaton PLC's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Eaton PLC's systematic risk associated with finding meaningful patterns of Eaton PLC fundamentals over time.
  
At this time, Eaton PLC's Inventory Turnover is very stable compared to the past year. As of the 22nd of December 2024, Receivables Turnover is likely to grow to 7.05, while Payables Turnover is likely to drop 4.17. . As of the 22nd of December 2024, Common Stock Shares Outstanding is likely to drop to about 382.9 M. In addition to that, Net Income Applicable To Common Shares is likely to drop to about 1.5 B.
On December 16, 2024 Eaton PLC had Daily Balance Of Power of (0.15). Balance of Power indicator (or BOP) measures the strength of Eaton PLC market sensitivity to bulls and bears. It estimates the ability of Eaton PLC buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Eaton PLC Balance of Power indicator one can determine a trend of the price direction.
Check Eaton PLC VolatilityBacktest Eaton PLCTrend Details  

Eaton PLC Trading Date Momentum

On December 17 2024 Eaton PLC was traded for  347.08  at the closing time. Highest Eaton PLC's price during the trading hours was 351.55  and the lowest price during the day was  344.67 . The net volume was 2.6 M. The overall trading history on the 17th of December 2024 contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 2.27% . The overall trading delta to current price is 6.16% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Eaton PLC

For every potential investor in Eaton, whether a beginner or expert, Eaton PLC's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eaton Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eaton. Basic forecasting techniques help filter out the noise by identifying Eaton PLC's price trends.

Eaton PLC Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Eaton PLC stock to make a market-neutral strategy. Peer analysis of Eaton PLC could also be used in its relative valuation, which is a method of valuing Eaton PLC by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Eaton PLC Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Eaton PLC's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Eaton PLC's current price.

Eaton PLC Market Strength Events

Market strength indicators help investors to evaluate how Eaton PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eaton PLC shares will generate the highest return on investment. By undertsting and applying Eaton PLC stock market strength indicators, traders can identify Eaton PLC entry and exit signals to maximize returns.

Eaton PLC Risk Indicators

The analysis of Eaton PLC's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Eaton PLC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eaton stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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

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  0.89HI HillenbrandPairCorr
  0.8IR Ingersoll RandPairCorr

Moving against Eaton Stock

  0.66AOS Smith AOPairCorr
  0.52MKDWW MKDWELL Tech WarrantsPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether Eaton PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eaton PLC's 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 Eaton Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eaton Plc Stock:
Check out Historical Fundamental Analysis of Eaton PLC to cross-verify your projections.
To learn how to invest in Eaton Stock, please use our How to Invest in Eaton PLC guide.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Electrical Components & Equipment space 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
0.14
Dividend Share
3.68
Earnings Share
9.4
Revenue Per Share
61.686
Quarterly Revenue Growth
0.079
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.