Eastman Kodak Co Stock Probability of Future Stock Price Finishing Under 0.12
| KODK Stock | USD 4.58 0.09 1.93% |
Closest to current price Eastman long CALL Option Payoff at Expiration
Eastman |
Eastman Kodak Target Price Odds to finish below 0.12
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 drop to $ 0.12 or more in 90 days |
| 4.58 | 90 days | 0.12 | near 1 |
Based on a normal probability distribution, the odds of Eastman Kodak to drop to $ 0.12 or more in 90 days from now is near 1 (This Eastman Kodak Co probability density function shows the probability of Eastman Stock to fall within a particular range of prices over 90 days) . Probability of Eastman Kodak price to stay between $ 0.12 and its current price of $4.58 at the end of the 90-day period is about 65.1 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.62 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Eastman Kodak will likely underperform. Additionally Eastman Kodak Co has an alpha of 0.4131, implying that it can generate a 0.41 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Eastman Kodak Price Density |
| Price |
Predictive Modules for Eastman Kodak
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 Kodak. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eastman Kodak's 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.
Eastman Kodak Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eastman Kodak is not an exception. The market had few large corrections towards the Eastman Kodak'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 Kodak Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eastman Kodak within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.41 | |
β | Beta against NYSE Composite | 2.62 | |
σ | Overall volatility | 0.72 | |
Ir | Information ratio | 0.08 |
Eastman Kodak 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 Kodak for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eastman Kodak 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 Kodak is way too risky over 90 days horizon | |
| Eastman Kodak appears to be risky and price may revert if volatility continues | |
| Eastman Kodak is unlikely to experience financial distress in the next 2 years | |
| About 22.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from benzinga.com: In-Depth Analysis Apple Versus Competitors In Technology Hardware, Storage Peripherals Industry |
Eastman Kodak 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 Kodak'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 Kodak's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 90.5 M | |
| Cash And Short Term Investments | 267 M |
Eastman Kodak Technical Analysis
Eastman Kodak'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 Kodak Co. In general, you should focus on analyzing Eastman Stock price patterns and their correlations with different microeconomic environments and drivers.
Eastman Kodak Predictive Forecast Models
Eastman Kodak's time-series forecasting models is one of many Eastman Kodak'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 Kodak'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 Kodak
Checking the ongoing alerts about Eastman Kodak for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eastman Kodak help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eastman Kodak is way too risky over 90 days horizon | |
| Eastman Kodak appears to be risky and price may revert if volatility continues | |
| Eastman Kodak is unlikely to experience financial distress in the next 2 years | |
| About 22.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from benzinga.com: In-Depth Analysis Apple Versus Competitors In Technology Hardware, Storage Peripherals Industry |
Check out Eastman Kodak Backtesting, Eastman Kodak Valuation, Eastman Kodak Correlation, Eastman Kodak Hype Analysis, Eastman Kodak Volatility, Eastman Kodak History as well as Eastman Kodak Performance. Note that the Eastman Kodak information on this page should be used as a complementary analysis to other Eastman Kodak's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Eastman Stock analysis
When running Eastman Kodak's price analysis, check to measure Eastman Kodak'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 Kodak is operating at the current time. Most of Eastman Kodak's value examination focuses on studying past and present price action to predict the probability of Eastman Kodak'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 Kodak's price. Additionally, you may evaluate how the addition of Eastman Kodak to your portfolios can decrease your overall portfolio volatility.
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Is Eastman Kodak's industry 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 Eastman Kodak. If investors know Eastman 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 Eastman Kodak 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 (0.50) | Earnings Share 0.67 | Revenue Per Share 14.068 | Quarterly Revenue Growth (0.1) | Return On Assets 0.0447 |
The market value of Eastman Kodak is measured differently than its book value, which is the value of Eastman that is recorded on the company's balance sheet. Investors also form their own opinion of Eastman Kodak's value that differs from its market value or its book value, called intrinsic value, which is Eastman Kodak's 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 Eastman Kodak's market value can be influenced by many factors that don't directly affect Eastman Kodak's 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 Eastman Kodak's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastman Kodak is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastman Kodak's 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.