Eastman Change In Cash vs Change To Inventory Analysis

EMN Stock  USD 98.51  1.23  1.23%   
Eastman Chemical financial indicator trend analysis is much more than just examining Eastman Chemical latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastman Chemical is a good investment. Please check the relationship between Eastman Chemical Change In Cash and its Change To Inventory accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.

Change In Cash vs Change To Inventory

Change In Cash vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastman Chemical Change In Cash account and Change To Inventory. At this time, the significance of the direction appears to have very week relationship.
The correlation between Eastman Chemical's Change In Cash and Change To Inventory is 0.24. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Eastman Chemical, assuming nothing else is changed. The correlation between historical values of Eastman Chemical's Change In Cash and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of Eastman Chemical are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Change In Cash i.e., Eastman Chemical's Change In Cash and Change To Inventory go up and down completely randomly.

Correlation Coefficient

0.24
Relationship DirectionPositive 
Relationship StrengthVery Weak

Change In Cash

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from Eastman Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastman Chemical current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.As of the 13th of December 2024, Selling General Administrative is likely to drop to about 567.4 M. In addition to that, Discontinued Operations is likely to drop to about 1.7 M
 2021 2022 2023 2024 (projected)
Gross Profit2.5B2.1B2.1B1.8B
Total Revenue10.5B10.6B9.2B7.8B

Eastman Chemical fundamental ratios Correlations

0.930.510.720.880.950.90.590.62-0.020.990.12-0.170.85-0.30.880.910.25-0.280.960.80.220.690.690.370.11
0.930.390.530.660.841.00.330.38-0.280.96-0.05-0.390.71-0.050.980.780.07-0.030.990.570.010.550.550.28-0.01
0.510.390.680.440.450.330.570.580.460.440.230.350.45-0.470.350.530.5-0.520.490.680.540.510.52-0.070.33
0.720.530.680.740.70.480.740.940.450.640.060.30.73-0.550.410.850.43-0.70.630.90.680.620.620.40.64
0.880.660.440.740.920.620.760.730.190.830.240.040.86-0.480.580.850.34-0.490.70.850.360.640.640.410.23
0.950.840.450.70.920.810.720.640.030.950.08-0.130.8-0.460.780.880.13-0.440.860.730.340.630.630.250.15
0.91.00.330.480.620.810.280.33-0.360.94-0.09-0.470.690.010.980.740.040.030.970.51-0.030.50.50.27-0.04
0.590.330.570.740.760.720.280.770.450.520.240.30.63-0.880.240.660.29-0.90.410.720.80.440.450.080.36
0.620.380.580.940.730.640.330.770.410.520.010.250.74-0.60.250.810.41-0.770.470.870.760.550.550.320.62
-0.02-0.280.460.450.190.03-0.360.450.41-0.120.440.97-0.07-0.64-0.320.150.36-0.62-0.150.410.490.380.390.030.35
0.990.960.440.640.830.950.940.520.52-0.120.05-0.260.8-0.230.930.870.14-0.20.970.70.130.650.650.340.04
0.12-0.050.230.060.240.08-0.090.240.010.440.050.480.15-0.360.02-0.020.56-0.130.030.360.030.310.31-0.01-0.29
-0.17-0.390.350.30.04-0.13-0.470.30.250.97-0.260.48-0.18-0.55-0.420.010.26-0.49-0.270.270.340.340.34-0.060.23
0.850.710.450.730.860.80.690.630.74-0.070.80.15-0.18-0.310.630.840.37-0.380.740.860.350.590.590.360.2
-0.3-0.05-0.47-0.55-0.48-0.460.01-0.88-0.6-0.64-0.23-0.36-0.55-0.310.0-0.43-0.170.91-0.15-0.51-0.8-0.43-0.450.2-0.16
0.880.980.350.410.580.780.980.240.25-0.320.930.02-0.420.630.00.70.050.090.970.49-0.10.550.550.23-0.18
0.910.780.530.850.850.880.740.660.810.150.87-0.020.010.84-0.430.70.13-0.480.830.840.390.790.790.330.26
0.250.070.50.430.340.130.040.290.410.360.140.560.260.37-0.170.050.13-0.240.160.610.340.10.10.460.36
-0.28-0.03-0.52-0.7-0.49-0.440.03-0.9-0.77-0.62-0.2-0.13-0.49-0.380.910.09-0.48-0.24-0.12-0.57-0.94-0.29-0.30.03-0.53
0.960.990.490.630.70.860.970.410.47-0.150.970.03-0.270.74-0.150.970.830.16-0.120.670.10.640.640.30.02
0.80.570.680.90.850.730.510.720.870.410.70.360.270.86-0.510.490.840.61-0.570.670.520.710.710.440.38
0.220.010.540.680.360.34-0.030.80.760.490.130.030.340.35-0.8-0.10.390.34-0.940.10.520.170.18-0.040.6
0.690.550.510.620.640.630.50.440.550.380.650.310.340.59-0.430.550.790.1-0.290.640.710.171.00.07-0.1
0.690.550.520.620.640.630.50.450.550.390.650.310.340.59-0.450.550.790.1-0.30.640.710.181.00.06-0.1
0.370.28-0.070.40.410.250.270.080.320.030.34-0.01-0.060.360.20.230.330.460.030.30.44-0.040.070.060.41
0.11-0.010.330.640.230.15-0.040.360.620.350.04-0.290.230.2-0.16-0.180.260.36-0.530.020.380.6-0.1-0.10.41
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Eastman Chemical Account Relationship Matchups

Eastman Chemical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets16.0B16.1B15.5B14.7B14.6B10.2B
Short Long Term Debt Total5.8B5.6B5.2B5.2B5.0B3.6B
Other Current Liab280M656M808M649M673M681.0M
Total Current Liabilities1.8B2.0B3.0B3.3B2.6B1.6B
Total Stockholder Equity6.0B6.0B5.7B5.2B5.5B3.1B
Property Plant And Equipment Net5.6B5.5B5.0B5.2B5.7B4.5B
Net Debt5.6B5.1B4.7B4.7B4.4B3.3B
Retained Earnings8.0B8.1B8.6B9.0B9.5B10.0B
Accounts Payable890M799M1.2B1.3B1.2B779.0M
Cash204M564M459M493M548M362.3M
Non Current Assets Total12.7B12.5B10.9B10.9B11.2B7.7B
Non Currrent Assets Other674M736M874M1M516M483.0M
Cash And Short Term Investments204M564M459M493M548M369.4M
Net Receivables1.4B1.0B1.6B1.3B1.2B976.9M
Common Stock Shares Outstanding142.9M138.5M136.5M137.1M119.4M121.3M
Liabilities And Stockholders Equity16.0B16.1B15.5B14.7B14.6B10.2B
Non Current Liabilities Total8.2B7.9B6.8B6.2B6.5B5.5B
Inventory1.7B1.4B1.5B1.9B1.7B1.0B
Other Current Assets80M565M1.1B114M96M167.7M
Other Stockholder Equity(1.8B)(1.8B)(2.7B)(3.6B)(3.7B)(3.5B)
Total Liab10.0B10.0B9.7B9.4B9.1B7.1B
Total Current Assets3.3B3.5B4.6B3.8B3.5B2.5B
Property Plant And Equipment Gross5.6B5.5B12.7B12.9B13.6B14.3B
Accumulated Other Comprehensive Income(214M)(273M)(182M)(205M)(319M)(335.0M)
Current Deferred Revenue448M638M620M671M(95M)(90.3M)
Short Term Debt171M405M797M1.1B541M298.0M
Intangible Assets2.0B1.8B1.4B1.2B1.1B1.3B
Other Liab2.4B2.5B2.2B2.0B2.3B2.0B
Other Assets303M6.3B521M533M613.0M622.3M
Long Term Debt5.6B5.3B4.4B4.0B4.3B3.9B
Good Will4.4B4.5B3.6B3.7B3.6B2.4B
Treasury Stock(3.9B)(4.0B)(4.9B)(5.9B)(5.3B)(5.1B)
Property Plant Equipment5.6B5.5B5.0B5.2B5.9B4.6B
Net Tangible Assets(484M)(234M)669M279M251.1M263.7M
Retained Earnings Total Equity8.0B8.1B8.6B9.0B10.3B6.2B
Long Term Debt Total5.6B5.3B4.4B4.0B4.6B5.1B
Capital Surpluse2.1B2.2B2.2B2.3B2.7B1.9B
Deferred Long Term Liab915M848M810M671M771.7M741.7M

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 Stock

  0.81DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
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Moving against Eastman Stock

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  0.49WTTR Select Energy ServicesPairCorr
  0.48ESI Element SolutionsPairCorr
  0.4FSI Flexible SolutionsPairCorr
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 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 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
When determining whether Eastman Chemical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eastman Chemical'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 Eastman Chemical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eastman Chemical Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Diversified Chemicals 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 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
0.027
Dividend Share
3.24
Earnings Share
7.49
Revenue Per Share
79.642
Quarterly Revenue Growth
0.087
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 if Eastman Chemical is a good investment 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.