Eastnine Ab Stock Target Price
| EAST Stock | SEK 166.00 2.96 1.82% |
Eastnine AB fundamentals help investors to digest information that contributes to Eastnine's financial success or failures. It also enables traders to predict the movement of Eastnine Stock. The fundamental analysis module provides a way to measure Eastnine's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Eastnine stock.
Eastnine |
Eastnine Target Price Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eastnine's direct or indirect competition against its Target Price to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Eastnine could also be used in its relative valuation, which is a method of valuing Eastnine by comparing valuation metrics of similar companies.Eastnine is currently under evaluation in target price category among related companies.
Eastnine Fundamentals
| Return On Equity | 0.25 | |||
| Return On Asset | 0.0195 | |||
| Profit Margin | 3.58 % | |||
| Operating Margin | 0.77 % | |||
| Current Valuation | 3.44 B | |||
| Shares Outstanding | 21.15 M | |||
| Shares Owned By Insiders | 69.09 % | |||
| Shares Owned By Institutions | 9.24 % | |||
| Price To Earning | 91.24 X | |||
| Price To Book | 0.69 X | |||
| Price To Sales | 84.73 X | |||
| Revenue | 26.64 M | |||
| Gross Profit | 27.49 M | |||
| EBITDA | 23.33 M | |||
| Net Income | 72.33 M | |||
| Cash And Equivalents | 29.2 M | |||
| Cash Per Share | 3.13 X | |||
| Total Debt | 235.91 M | |||
| Debt To Equity | 36.50 % | |||
| Current Ratio | 7.57 X | |||
| Book Value Per Share | 21.55 X | |||
| Cash Flow From Operations | 17.49 M | |||
| Earnings Per Share | 18.89 X | |||
| Target Price | 132.96 | |||
| Number Of Employees | 23 | |||
| Beta | 0.99 | |||
| Market Capitalization | 2.78 B | |||
| Total Asset | 652.52 M | |||
| Z Score | 6.6 | |||
| Annual Yield | 0.03 % | |||
| Net Asset | 652.52 M | |||
| Last Dividend Paid | 0.31 |
About Eastnine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eastnine AB's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eastnine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eastnine AB 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.
Pair Trading with Eastnine
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 Eastnine 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 Eastnine will appreciate offsetting losses from the drop in the long position's value.Moving together with Eastnine Stock
| 0.75 | LATO-B | Investment AB Latour | PairCorr |
Moving against Eastnine Stock
| 0.64 | ARION-SDB | Arion banki hf | PairCorr |
The ability to find closely correlated positions to Eastnine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastnine 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 Eastnine - 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 Eastnine AB to buy it.
The correlation of Eastnine 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 Eastnine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastnine AB 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 Eastnine 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 Eastnine AB. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Eastnine Stock analysis
When running Eastnine's price analysis, check to measure Eastnine'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 Eastnine is operating at the current time. Most of Eastnine's value examination focuses on studying past and present price action to predict the probability of Eastnine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastnine's price. Additionally, you may evaluate how the addition of Eastnine to your portfolios can decrease your overall portfolio volatility.
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