Eastern Bankshares Stock Market Value
| EBC Stock | USD 18.64 0.04 0.21% |
| Symbol | Eastern |
Eastern Bankshares Price To Book Ratio
Is Regional Banks 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 Eastern Bankshares. If investors know Eastern 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 Eastern Bankshares 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 (0.46) | Dividend Share 0.44 | Earnings Share 0.53 | Revenue Per Share 3.554 | Quarterly Revenue Growth 0.049 |
The market value of Eastern Bankshares is measured differently than its book value, which is the value of Eastern that is recorded on the company's balance sheet. Investors also form their own opinion of Eastern Bankshares' value that differs from its market value or its book value, called intrinsic value, which is Eastern Bankshares' 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 Eastern Bankshares' market value can be influenced by many factors that don't directly affect Eastern Bankshares' 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 Eastern Bankshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastern Bankshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastern Bankshares' 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.
Eastern Bankshares '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 Eastern Bankshares' 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 Eastern Bankshares.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Eastern Bankshares on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Eastern Bankshares or generate 0.0% return on investment in Eastern Bankshares over 30 days. Eastern Bankshares is related to or competes with Western New, Northeast Community, Independent Bank, First Bancshares,, Brookline Bancorp, Heritage Commerce, and HarborOne Bancorp. Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and servic... More
Eastern Bankshares 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 Eastern Bankshares' 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 Eastern Bankshares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.0259 | |||
| Maximum Drawdown | 16.59 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 2.39 |
Eastern Bankshares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern Bankshares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern Bankshares' standard deviation. In reality, there are many statistical measures that can use Eastern Bankshares historical prices to predict the future Eastern Bankshares' volatility.| Risk Adjusted Performance | 0.0716 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0328 | |||
| Treynor Ratio | 0.0861 |
Eastern Bankshares Backtested Returns
Eastern Bankshares appears to be not too volatile, given 3 months investment horizon. Eastern Bankshares secures Sharpe Ratio (or Efficiency) of 0.0827, which denotes the company had a 0.0827% return per unit of risk over the last 3 months. We have found thirty technical indicators for Eastern Bankshares, which you can use to evaluate the volatility of the firm. Please utilize Eastern Bankshares' Downside Deviation of 1.84, mean deviation of 1.38, and Coefficient Of Variation of 1178.88 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eastern Bankshares holds a performance score of 6. The firm shows a Beta (market volatility) of 2.18, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eastern Bankshares will likely underperform. Please check Eastern Bankshares' potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Eastern Bankshares' price patterns will revert.
Auto-correlation | 0.62 |
Good predictability
Eastern Bankshares has good predictability. Overlapping area represents the amount of predictability between Eastern Bankshares time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Eastern Bankshares price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Eastern Bankshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Eastern Bankshares lagged returns against current returns
Autocorrelation, which is Eastern Bankshares 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 Eastern Bankshares' stock expected returns. We can calculate the autocorrelation of Eastern Bankshares returns to help us make a trade decision. For example, suppose you find that Eastern Bankshares 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 |
Eastern Bankshares 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 Eastern Bankshares stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern Bankshares stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern Bankshares stock over time.
Current vs Lagged Prices |
| Timeline |
Eastern Bankshares Lagged Returns
When evaluating Eastern Bankshares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern Bankshares stock have on its future price. Eastern Bankshares 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, Eastern Bankshares autocorrelation shows the relationship between Eastern Bankshares stock current value and its past values and can show if there is a momentum factor associated with investing in Eastern Bankshares.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Eastern Bankshares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eastern Bankshares' 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 Eastern Bankshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eastern Bankshares Stock:Check out Eastern Bankshares Correlation, Eastern Bankshares Volatility and Eastern Bankshares Alpha and Beta module to complement your research on Eastern Bankshares. For information on how to trade Eastern Stock refer to our How to Trade Eastern Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Eastern Bankshares technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.