Eastman Chemical (UK) Market Value
| 0IF3 Stock | 104.72 0.92 0.89% |
| Symbol | Eastman |
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.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Eastman Chemical on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Eastman Chemical Co or generate 0.0% return on investment in Eastman Chemical over 360 days. Eastman Chemical is related to or competes with Uniper SE, Mulberry Group, London Security, Triad Group, World Chess, SURETRACK MON, and Heavitree Brewery. Eastman Chemical is entity of United Kingdom 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 Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.51 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 2.74 |
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.| Risk Adjusted Performance | 0.0513 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0876 |
Eastman Chemical Backtested Returns
Currently, Eastman Chemical Co is very steady. Eastman Chemical secures Sharpe Ratio (or Efficiency) of 0.0585, which denotes the company had a 0.0585% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Eastman Chemical Co, which you can use to evaluate the volatility of the firm. Please confirm Eastman Chemical's Mean Deviation of 1.13, downside deviation of 1.21, and Coefficient Of Variation of 1638.41 to check if the risk estimate we provide is consistent with the expected return of 0.0845%. Eastman Chemical has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.89, which means possible diversification benefits within a given portfolio. Eastman Chemical returns are very sensitive to returns on the market. As the market goes up or down, Eastman Chemical is expected to follow. Eastman Chemical right now shows a risk of 1.44%. Please confirm Eastman Chemical jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Eastman Chemical will be following its price patterns.
Auto-correlation | 0.75 |
Good predictability
Eastman Chemical Co has good predictability. Overlapping area represents the amount of predictability between Eastman Chemical time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Eastman Chemical price movement. The serial correlation of 0.75 indicates that around 75.0% of current Eastman Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 27.98 |
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 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 |
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 |
| 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 Co.
Regressed Prices |
| Timeline |
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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.Additional Tools for Eastman Stock Analysis
When running Eastman Chemical's 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 the 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.