Eastman Chemical Stock Probability of Future Stock Price Finishing Over 96.8
| EMN Stock | USD 97.50 1.58 1.65% |
Closest to current price Eastman long CALL Option Payoff at Expiration
Eastman |
Eastman Chemical Target Price Odds to finish over 96.8
The tendency of Eastman Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 96.80 in 90 days |
| 97.50 | 90 days | 96.80 | about 22.33 |
Based on a normal probability distribution, the odds of Eastman Chemical to stay above $ 96.80 in 90 days from now is about 22.33 (This Eastman Chemical probability density function shows the probability of Eastman Stock to fall within a particular range of prices over 90 days) . Probability of Eastman Chemical price to stay between $ 96.80 and its current price of $97.5 at the end of the 90-day period is under 4.
Considering the 90-day investment horizon the stock has the beta coefficient of 1.2 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Eastman Chemical will likely underperform. Additionally Eastman Chemical has an alpha of 0.1627, implying that it can generate a 0.16 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Eastman Chemical Price Density |
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Predictive Modules for Eastman Chemical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastman Chemical. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eastman Chemical'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.
Eastman Chemical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eastman Chemical is not an exception. The market had few large corrections towards the Eastman Chemical's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Eastman Chemical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eastman Chemical within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.16 | |
β | Beta against NYSE Composite | 1.20 | |
σ | Overall volatility | 6.66 | |
Ir | Information ratio | 0.13 |
Eastman Chemical Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Eastman Chemical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eastman Chemical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eastman Chemical has a strong financial position based on the latest SEC filings | |
| Over 87.0% of the company shares are held by institutions such as insurance companies | |
| On 5th of April 2024 Eastman Chemical paid $ 0.81 per share dividend to its current shareholders | |
| Latest headline from aol.com: Judge denies ex-Trump election lawyer John Eastmans request to reactivate law license while he fights disbarment |
Eastman Chemical Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Eastman Stock often depends not only on the future outlook of the current and potential Eastman Chemical's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Eastman Chemical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 119.4 M | |
| Cash And Short Term Investments | 548 M |
Eastman Chemical Technical Analysis
Eastman Chemical's future price can be derived by breaking down and analyzing its technical indicators over time. Eastman Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eastman Chemical. In general, you should focus on analyzing Eastman Stock price patterns and their correlations with different microeconomic environments and drivers.
Eastman Chemical Predictive Forecast Models
Eastman Chemical's time-series forecasting models is one of many Eastman Chemical's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Eastman Chemical's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Eastman Chemical
Checking the ongoing alerts about Eastman Chemical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eastman Chemical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eastman Chemical has a strong financial position based on the latest SEC filings | |
| Over 87.0% of the company shares are held by institutions such as insurance companies | |
| On 5th of April 2024 Eastman Chemical paid $ 0.81 per share dividend to its current shareholders | |
| Latest headline from aol.com: Judge denies ex-Trump election lawyer John Eastmans request to reactivate law license while he fights disbarment |
Check out Eastman Chemical Backtesting, Eastman Chemical Valuation, Eastman Chemical Correlation, Eastman Chemical Hype Analysis, Eastman Chemical Volatility, Eastman Chemical History as well as Eastman Chemical Performance. To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary 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.
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Is Eastman Chemical's industry 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 0.241 | Dividend Share 3.2 | Earnings Share 7.76 | Revenue Per Share 77.04 | Quarterly Revenue Growth (0.04) |
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.