Independence Return On Tangible Assets from 2010 to 2024
| IRT Stock | USD 17.59 0.11 0.62% |
Return On Tangible Assets | First Reported 2010-12-31 | Previous Quarter (0) | Current Value (0) | Quarterly Volatility 0.01009784 |
Check Independence Realty financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Independence Realty's main balance sheet or income statement drivers, such as Interest Expense of 114.6 M, Selling General Administrative of 23.9 M or Total Revenue of 694 M, as well as many indicators such as Price To Sales Ratio of 4.93, Dividend Yield of 0.0537 or PTB Ratio of 0.95. Independence financial statements analysis is a perfect complement when working with Independence Realty Valuation or Volatility modules.
Independence | Return On Tangible Assets |
Latest Independence Realty's Return On Tangible Assets Growth Pattern
Below is the plot of the Return On Tangible Assets of Independence Realty Trust over the last few years. It is a profitability metric that measures a company's ability to generate earnings from its tangible assets. Independence Realty's Return On Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Independence Realty's overall financial position and show how it may be relating to other accounts over time.
| Return On Tangible Assets | 10 Years Trend |
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Return On Tangible Assets |
| Timeline |
Independence Return On Tangible Assets Regression Statistics
| Arithmetic Mean | 0 | |
| Geometric Mean | 0 | |
| Coefficient Of Variation | 229.53 | |
| Mean Deviation | 0.01 | |
| Median | 0 | |
| Standard Deviation | 0.01 | |
| Sample Variance | 0.0001 | |
| Range | 0.0333 | |
| R-Value | (0.30) | |
| Mean Square Error | 0.0001 | |
| R-Squared | 0.09 | |
| Significance | 0.27 | |
| Slope | (0.0007) | |
| Total Sum of Squares | 0 |
Independence Return On Tangible Assets History
About Independence Realty Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Independence Realty income statement, its balance sheet, and the statement of cash flows. Independence Realty investors use historical funamental indicators, such as Independence Realty's Return On Tangible Assets, to determine how well the company is positioned to perform in the future. Although Independence Realty investors may use each financial statement separately, they are all related. The changes in Independence Realty's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Independence Realty's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Independence Realty Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Independence Realty. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year |
Pair Trading with Independence Realty
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 Independence Realty 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 Independence Realty will appreciate offsetting losses from the drop in the long position's value.Moving together with Independence Stock
Moving against Independence Stock
| 0.7 | WHLR | Wheeler Real Estate Buyout Trend | PairCorr |
| 0.65 | PK | Park Hotels Resorts | PairCorr |
| 0.6 | WY | Weyerhaeuser Financial Report 25th of July 2024 | PairCorr |
| 0.42 | OZ | Belpointe PREP LLC | PairCorr |
| 0.4 | FR | First Industrial Realty | PairCorr |
The ability to find closely correlated positions to Independence Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Independence Realty 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 Independence Realty - 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 Independence Realty Trust to buy it.
The correlation of Independence Realty 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 Independence Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Independence Realty Trust 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 Independence Realty 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 Independence Stock Analysis
When running Independence Realty's price analysis, check to measure Independence Realty'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 Independence Realty is operating at the current time. Most of Independence Realty's value examination focuses on studying past and present price action to predict the probability of Independence Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Realty's price. Additionally, you may evaluate how the addition of Independence Realty to your portfolios can decrease your overall portfolio volatility.