Eastside Distilling Stock Market Value
| EAST Stock | USD 0.81 0.16 24.62% |
| Symbol | Eastside |
Eastside Distilling Price To Book Ratio
Is Distillers & Vintners 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 Eastside Distilling. If investors know Eastside 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 Eastside Distilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.35) | Revenue Per Share 6.748 | Quarterly Revenue Growth 0.109 | Return On Assets (0.17) | Return On Equity (2.60) |
The market value of Eastside Distilling is measured differently than its book value, which is the value of Eastside that is recorded on the company's balance sheet. Investors also form their own opinion of Eastside Distilling's value that differs from its market value or its book value, called intrinsic value, which is Eastside Distilling'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 Eastside Distilling's market value can be influenced by many factors that don't directly affect Eastside Distilling'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 Eastside Distilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastside Distilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastside Distilling'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.
Eastside Distilling '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 Eastside Distilling'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 Eastside Distilling.
| 01/12/2023 |
| 12/02/2024 |
If you would invest 0.00 in Eastside Distilling on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Eastside Distilling or generate 0.0% return on investment in Eastside Distilling over 690 days. Eastside Distilling is related to or competes with Andrew Peller, Fresh Grapes, MGP Ingredients, Duckhorn Portfolio, Pernod Ricard, Naked Wines, and Crimson Wine. Eastside Distilling, Inc. manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholi... More
Eastside Distilling 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 Eastside Distilling'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 Eastside Distilling upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.76 | |||
| Information Ratio | 0.0121 | |||
| Maximum Drawdown | 114.47 | |||
| Value At Risk | (9.26) | |||
| Potential Upside | 12.24 |
Eastside Distilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastside Distilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastside Distilling's standard deviation. In reality, there are many statistical measures that can use Eastside Distilling historical prices to predict the future Eastside Distilling's volatility.| Risk Adjusted Performance | 0.0266 | |||
| Jensen Alpha | 0.4826 | |||
| Total Risk Alpha | (1.94) | |||
| Sortino Ratio | 0.0209 | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eastside Distilling'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.
Eastside Distilling Backtested Returns
Eastside Distilling appears to be abnormally volatile, given 3 months investment horizon. Eastside Distilling secures Sharpe Ratio (or Efficiency) of 0.0265, which denotes the company had a 0.0265% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eastside Distilling, which you can use to evaluate the volatility of the firm. Please utilize Eastside Distilling's Coefficient Of Variation of 4453.43, mean deviation of 6.74, and Downside Deviation of 7.76 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eastside Distilling holds a performance score of 2. The firm shows a Beta (market volatility) of -1.51, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Eastside Distilling are expected to decrease by larger amounts. On the other hand, during market turmoil, Eastside Distilling is expected to outperform it. Please check Eastside Distilling's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Eastside Distilling's price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
Eastside Distilling has good predictability. Overlapping area represents the amount of predictability between Eastside Distilling time series from 12th of January 2023 to 23rd of December 2023 and 23rd of December 2023 to 2nd 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 Eastside Distilling price movement. The serial correlation of 0.75 indicates that around 75.0% of current Eastside Distilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Eastside Distilling lagged returns against current returns
Autocorrelation, which is Eastside Distilling 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 Eastside Distilling's stock expected returns. We can calculate the autocorrelation of Eastside Distilling returns to help us make a trade decision. For example, suppose you find that Eastside Distilling 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 |
Eastside Distilling 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 Eastside Distilling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastside Distilling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastside Distilling stock over time.
Current vs Lagged Prices |
| Timeline |
Eastside Distilling Lagged Returns
When evaluating Eastside Distilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastside Distilling stock have on its future price. Eastside Distilling 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, Eastside Distilling autocorrelation shows the relationship between Eastside Distilling stock current value and its past values and can show if there is a momentum factor associated with investing in Eastside Distilling.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Eastside Stock Analysis
When running Eastside Distilling's price analysis, check to measure Eastside Distilling'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 Eastside Distilling is operating at the current time. Most of Eastside Distilling's value examination focuses on studying past and present price action to predict the probability of Eastside Distilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastside Distilling's price. Additionally, you may evaluate how the addition of Eastside Distilling to your portfolios can decrease your overall portfolio volatility.