Eastman Chemical (Germany) Today
| EAC Stock | EUR 89.36 0.10 0.11% |
Performance15 of 100
| Odds Of DistressLess than 9
|
Eastman Chemical is trading at 89.36 as of the 27th of April 2024. This is a 0.11 percent up since the beginning of the trading day. The stock's lowest day price was 89.36. Eastman Chemical has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Eastman Chemical are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of March 2024 and ending today, the 27th of April 2024. Click here to learn more.
Eastman Chemical Company operates as an advanced materials and specialty additives company worldwide. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee. EASTMAN CHEM operates under Chemicals classification in Germany and is traded on Frankfurt Stock Exchange. The company has 118.8 M outstanding shares. More on Eastman Chemical
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Eastman Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Eastman Chemical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Eastman Chemical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Synthetics (View all Themes) |
| Business Concentration | Synthetics, Chemicals, Basic Materials (View all Sectors) |
Eastman Chemical (EAC) is traded on Frankfurt Exchange in Germany and employs 14,500 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 9.52 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Eastman Chemical's market, we take the total number of its shares issued and multiply it by Eastman Chemical's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Eastman Chemical classifies itself under Basic Materials sector and is part of Chemicals industry. The entity has 118.8 M outstanding shares.
Eastman Chemical has accumulated about 195 M in cash with 975 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.42.
Check Eastman Chemical Probability Of Bankruptcy
Ownership AllocationEastman Chemical holds a total of 118.8 Million outstanding shares. The majority of Eastman Chemical outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Eastman Chemical to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Eastman Chemical. Please pay attention to any change in the institutional holdings of Eastman Chemical as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Eastman Ownership Details
Eastman Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Eastman Chemical jumping above the current price in 90 days from now is about 18.02%. The Eastman Chemical probability density function shows the probability of Eastman Chemical stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Eastman Chemical has a beta of -0.2574 suggesting as returns on the benchmark increase, returns on holding Eastman Chemical are expected to decrease at a much lower rate. During a bear market, however, Eastman Chemical is likely to outperform the market. Additionally, eastman Chemical has an alpha of 0.2104, implying that it can generate a 0.21 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Eastman Chemical to move above the current price in 90 days from now is about 18.02 (This Eastman Chemical probability density function shows the probability of Eastman Stock to fall within a particular range of prices over 90 days) .
Eastman Chemical Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Eastman Chemical market risk premium is the additional return an investor will receive from holding Eastman Chemical long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Eastman Chemical. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Eastman Chemical's alpha and beta are two of the key measurements used to evaluate Eastman Chemical's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.9445 | |||
| Semi Deviation | 0.9374 | |||
| Standard Deviation | 1.24 | |||
| Variance | 1.54 |
Eastman Stock Against Markets
Picking the right benchmark for Eastman Chemical stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Eastman Chemical stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Eastman Chemical is critical whether you are bullish or bearish towards Eastman Chemical at a given time. Please also check how Eastman Chemical's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eastman Chemical without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Eastman Chemical Corporate Management
Elected by the shareholders, the Eastman Chemical's board of directors comprises two types of representatives: Eastman Chemical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eastman. The board's role is to monitor Eastman Chemical's management team and ensure that shareholders' interests are well served. Eastman Chemical's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eastman Chemical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mark Costa | Chairman CEO | Profile | |
| William McLain | CFO VP | Profile | |
| Gregory Riddle | VP Communications | Profile | |
| Kellye Walker | Ex Officer | Profile | |
| J Kuijpers | MD Director | Profile | |
| Perry III | Chief VP | Profile | |
| Brad Lich | Ex Officer | Profile |
How to buy Eastman Stock?
Before investing in Eastman Chemical, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Eastman Chemical. To buy Eastman Chemical stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Eastman Chemical. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Eastman Chemical stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Eastman Chemical stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Eastman Chemical stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Eastman Chemical, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Eastman Stock please use our How to Invest in Eastman Chemical guide.
Already Invested in Eastman Chemical?
The danger of trading Eastman Chemical is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Eastman Chemical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Eastman Chemical. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eastman Chemical is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Eastman Chemical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eastman Chemical's 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 Eastman Chemical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eastman Chemical Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. 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. For more detail on how to invest in Eastman Stock please use our How to Invest in Eastman Chemical guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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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.
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