Eastern Water Resources Stock Beneish M Score
| EASTW Stock | THB 3.50 0.00 0.00% |
Eastern |
At this time, Eastern Water's M Score is inapplicable. The earnings manipulation may begin if Eastern Water's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Eastern Water executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Eastern Water's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
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About Eastern Water Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eastern Water Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eastern Water using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eastern Water Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eastern Water in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eastern Water's short interest history, or implied volatility extrapolated from Eastern Water options trading.
Pair Trading with Eastern Water
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 Eastern Water 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 Eastern Water will appreciate offsetting losses from the drop in the long position's value.Moving against Eastern Stock
| 0.68 | PTTEP | PTT Exploration | PairCorr |
| 0.45 | CPALL | CP ALL Public | PairCorr |
| 0.44 | CPALL-R | CP ALL Public | PairCorr |
| 0.41 | PTT-R | PTT Public | PairCorr |
The ability to find closely correlated positions to Eastern Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastern Water 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 Eastern Water - 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 Eastern Water Resources to buy it.
The correlation of Eastern Water 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 Eastern Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastern Water Resources 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 Eastern Water 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Water Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Eastern Stock analysis
When running Eastern Water's price analysis, check to measure Eastern Water'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 Eastern Water is operating at the current time. Most of Eastern Water's value examination focuses on studying past and present price action to predict the probability of Eastern Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastern Water's price. Additionally, you may evaluate how the addition of Eastern Water to your portfolios can decrease your overall portfolio volatility.
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