Eastman Chemical (Brazil) Statistic Functions Beta

E1MN34 Stock  BRL 275.40  0.00  0.00%   
Eastman Chemical statistic functions tool provides the execution environment for running the Beta function and other technical functions against Eastman Chemical. Eastman Chemical value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Eastman Chemical statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Eastman Chemical correlated with the market. If Beta is less than 0 Eastman Chemical generally moves in the opposite direction as compared to the market. If Eastman Chemical Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Eastman Chemical is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Eastman Chemical is generally in the same direction as the market. If Beta > 1 Eastman Chemical moves generally in the same direction as, but more than the movement of the benchmark.

Eastman Chemical Technical Analysis Modules

Most technical analysis of Eastman Chemical help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Eastman from various momentum indicators to cycle indicators. When you analyze Eastman charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Eastman Chemical Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eastman Chemical. We use our internally-developed statistical techniques to arrive at the intrinsic value of Eastman Chemical based on widely used predictive technical indicators. In general, we focus on analyzing Eastman Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Eastman Chemical's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Eastman Chemical's intrinsic value. In addition to deriving basic predictive indicators for Eastman Chemical, we also check how macroeconomic factors affect Eastman Chemical price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
275.32275.40275.48
Details
Intrinsic
Valuation
LowRealHigh
274.88274.96302.94
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 toward taking a position in Eastman Chemical.

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Additional Information and Resources on Investing in Eastman Stock

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 nation.
For information on how to trade Eastman Stock refer to our How to Trade Eastman Stock guide.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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.