Eagle Materials Stock Market Value
| EXP Stock | USD 305.93 4.03 1.30% |
| Symbol | Eagle |
Eagle Materials Price To Book Ratio
Is Construction Materials 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 Eagle Materials. If investors know Eagle 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 Eagle Materials listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 1 | Earnings Share 14.13 | Revenue Per Share 66.662 | Quarterly Revenue Growth 0.002 | Return On Assets 0.1296 |
The market value of Eagle Materials is measured differently than its book value, which is the value of Eagle that is recorded on the company's balance sheet. Investors also form their own opinion of Eagle Materials' value that differs from its market value or its book value, called intrinsic value, which is Eagle Materials' 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 Eagle Materials' market value can be influenced by many factors that don't directly affect Eagle Materials' 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 Eagle Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Eagle Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eagle Materials' 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.
Eagle Materials '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 Eagle Materials' 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 Eagle Materials.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Eagle Materials on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Eagle Materials or generate 0.0% return on investment in Eagle Materials over 30 days. Eagle Materials is related to or competes with Vulcan Materials, CRH PLC, Summit Materials, Cemex SAB, Martin Marietta, United States, and Cementos Pacasmayo. Eagle Materials Inc., through its subsidiaries, produces and supplies heavy construction materials and light building ma... More
Eagle Materials 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 Eagle Materials' 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 Eagle Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | 0.0925 | |||
| Maximum Drawdown | 7.85 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 2.94 |
Eagle Materials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eagle Materials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eagle Materials' standard deviation. In reality, there are many statistical measures that can use Eagle Materials historical prices to predict the future Eagle Materials' volatility.| Risk Adjusted Performance | 0.1315 | |||
| Jensen Alpha | 0.1041 | |||
| Total Risk Alpha | 0.0139 | |||
| Sortino Ratio | 0.1025 | |||
| Treynor Ratio | 0.1848 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eagle Materials' 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.
Eagle Materials Backtested Returns
Eagle Materials appears to be very steady, given 3 months investment horizon. Eagle Materials secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Eagle Materials, which you can use to evaluate the volatility of the firm. Please utilize Eagle Materials' Downside Deviation of 1.58, coefficient of variation of 608.96, and Mean Deviation of 1.32 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eagle Materials holds a performance score of 17. The firm shows a Beta (market volatility) of 1.5, 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, Eagle Materials will likely underperform. Please check Eagle Materials' value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Eagle Materials' price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Eagle Materials has very good predictability. Overlapping area represents the amount of predictability between Eagle Materials time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Eagle Materials price movement. The serial correlation of 0.81 indicates that around 81.0% of current Eagle Materials price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 28.22 |
Eagle Materials lagged returns against current returns
Autocorrelation, which is Eagle Materials 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 Eagle Materials' stock expected returns. We can calculate the autocorrelation of Eagle Materials returns to help us make a trade decision. For example, suppose you find that Eagle Materials 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 |
Eagle Materials 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 Eagle Materials stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eagle Materials stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eagle Materials stock over time.
Current vs Lagged Prices |
| Timeline |
Eagle Materials Lagged Returns
When evaluating Eagle Materials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eagle Materials stock have on its future price. Eagle Materials 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, Eagle Materials autocorrelation shows the relationship between Eagle Materials stock current value and its past values and can show if there is a momentum factor associated with investing in Eagle Materials.
Regressed Prices |
| Timeline |
Pair Trading with Eagle Materials
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 Eagle Materials 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 Eagle Materials will appreciate offsetting losses from the drop in the long position's value.Moving together with Eagle Stock
Moving against Eagle Stock
The ability to find closely correlated positions to Eagle Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eagle Materials 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 Eagle Materials - 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 Eagle Materials to buy it.
The correlation of Eagle Materials 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 Eagle Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eagle Materials 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 Eagle Materials 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.Additional Tools for Eagle Stock Analysis
When running Eagle Materials' price analysis, check to measure Eagle Materials' 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 Eagle Materials is operating at the current time. Most of Eagle Materials' value examination focuses on studying past and present price action to predict the probability of Eagle Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eagle Materials' price. Additionally, you may evaluate how the addition of Eagle Materials to your portfolios can decrease your overall portfolio volatility.