Eastgroup Properties Stock Market Value
| EGP Stock | USD 159.22 2.78 1.72% |
| Symbol | EastGroup |
EastGroup Properties Price To Book Ratio
Is EastGroup Properties' 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 EastGroup Properties. If investors know EastGroup 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 EastGroup Properties 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 0.522 | Dividend Share 5.04 | Earnings Share 4.42 | Revenue Per Share 12.617 | Quarterly Revenue Growth 0.149 |
The market value of EastGroup Properties is measured differently than its book value, which is the value of EastGroup that is recorded on the company's balance sheet. Investors also form their own opinion of EastGroup Properties' value that differs from its market value or its book value, called intrinsic value, which is EastGroup Properties' 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 EastGroup Properties' market value can be influenced by many factors that don't directly affect EastGroup Properties' 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 EastGroup Properties' value and its price as these two are different measures arrived at by different means. Investors typically determine if EastGroup Properties is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EastGroup Properties' 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.
EastGroup Properties '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 EastGroup Properties' 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 EastGroup Properties.
| 10/22/2023 |
| 04/19/2024 |
If you would invest 0.00 in EastGroup Properties on October 22, 2023 and sell it all today you would earn a total of 0.00 from holding EastGroup Properties or generate 0.0% return on investment in EastGroup Properties over 180 days. EastGroup Properties is related to or competes with Terreno Realty, Plymouth Industrial, LXP Industrial, First Industrial, Rexford Industrial, and Americold Realty. , an SP MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acqui... More
EastGroup Properties 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 EastGroup Properties' 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 EastGroup Properties upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.22 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.16 |
EastGroup Properties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EastGroup Properties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EastGroup Properties' standard deviation. In reality, there are many statistical measures that can use EastGroup Properties historical prices to predict the future EastGroup Properties' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EastGroup Properties' 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.
EastGroup Properties Backtested Returns
EastGroup Properties secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the company had a -0.16% return per unit of risk over the last 3 months. EastGroup Properties exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EastGroup Properties' Mean Deviation of 0.9903, variance of 1.67, and Standard Deviation of 1.29 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.33, 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, EastGroup Properties will likely underperform. EastGroup Properties has an expected return of -0.21%. Please make sure to confirm EastGroup Properties treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if EastGroup Properties performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
EastGroup Properties has modest reverse predictability. Overlapping area represents the amount of predictability between EastGroup Properties time series from 22nd of October 2023 to 20th of January 2024 and 20th of January 2024 to 19th of April 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 EastGroup Properties price movement. The serial correlation of -0.44 indicates that just about 44.0% of current EastGroup Properties price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 21.73 |
EastGroup Properties lagged returns against current returns
Autocorrelation, which is EastGroup Properties 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 EastGroup Properties' stock expected returns. We can calculate the autocorrelation of EastGroup Properties returns to help us make a trade decision. For example, suppose you find that EastGroup Properties 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 |
EastGroup Properties 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 EastGroup Properties stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EastGroup Properties stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EastGroup Properties stock over time.
Current vs Lagged Prices |
| Timeline |
EastGroup Properties Lagged Returns
When evaluating EastGroup Properties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EastGroup Properties stock have on its future price. EastGroup Properties 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, EastGroup Properties autocorrelation shows the relationship between EastGroup Properties stock current value and its past values and can show if there is a momentum factor associated with investing in EastGroup Properties.
Regressed Prices |
| Timeline |
Pair Trading with EastGroup Properties
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 EastGroup Properties 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 EastGroup Properties will appreciate offsetting losses from the drop in the long position's value.Moving together with EastGroup Stock
| 0.75 | UE | Urban Edge Properties Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to EastGroup Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EastGroup Properties 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 EastGroup Properties - 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 EastGroup Properties to buy it.
The correlation of EastGroup Properties 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 EastGroup Properties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EastGroup Properties 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 EastGroup Properties 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 EastGroup Properties Correlation, EastGroup Properties Volatility and EastGroup Properties Alpha and Beta module to complement your research on EastGroup Properties. To learn how to invest in EastGroup Stock, please use our How to Invest in EastGroup Properties guide.Note that the EastGroup Properties information on this page should be used as a complementary analysis to other EastGroup Properties' 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for EastGroup Stock analysis
When running EastGroup Properties' price analysis, check to measure EastGroup Properties' 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 EastGroup Properties is operating at the current time. Most of EastGroup Properties' value examination focuses on studying past and present price action to predict the probability of EastGroup Properties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EastGroup Properties' price. Additionally, you may evaluate how the addition of EastGroup Properties to your portfolios can decrease your overall portfolio volatility.
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EastGroup Properties technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.