Eastman Chemical (UK) Probability of Future Stock Price Finishing Under 94.12
| 0IF3 Stock | 90.79 0.07 0.08% |
Eastman |
Eastman Chemical Target Price Odds to finish below 94.12
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 under 94.12 after 90 days |
| 90.79 | 90 days | 94.12 | roughly 2.27 |
Based on a normal probability distribution, the odds of Eastman Chemical to stay under 94.12 after 90 days from now is roughly 2.27 (This Eastman Chemical Co 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 its current price of 90.79 and 94.12 at the end of the 90-day period is about 1.95 .
Assuming the 90 days trading horizon Eastman Chemical has a beta of 0.72. This suggests as returns on the market go up, Eastman Chemical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eastman Chemical Co will be expected to be much smaller as well. Additionally Eastman Chemical Co has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Eastman Chemical Price Density |
| Price |
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.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 Co, 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 Dow Jones | -0.27 | |
β | Beta against Dow Jones | 0.72 | |
σ | Overall volatility | 4.82 | |
Ir | Information ratio | -0.2 |
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 generated a negative expected return over the last 90 days | |
| Over 89.0% of the company shares are owned by institutions such as pension funds | |
| Latest headline from news.google.com: Eastman Chemical Stock Rating Lowered by Citigroup - MarketBeat |
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 Co. 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 generated a negative expected return over the last 90 days | |
| Over 89.0% of the company shares are owned by institutions such as pension funds | |
| Latest headline from news.google.com: Eastman Chemical Stock Rating Lowered by Citigroup - MarketBeat |
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.