Independence Realty Trust Stock Market Value
| IRT Stock | USD 15.56 0.11 0.70% |
| Symbol | Independence |
Independence Realty Trust Price To Book Ratio
Is Independence Realty'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 Independence Realty. If investors know Independence 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 Independence Realty 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 (0.75) | Dividend Share 0.62 | Earnings Share (0.08) | Revenue Per Share 2.925 | Quarterly Revenue Growth 0.016 |
The market value of Independence Realty Trust is measured differently than its book value, which is the value of Independence that is recorded on the company's balance sheet. Investors also form their own opinion of Independence Realty's value that differs from its market value or its book value, called intrinsic value, which is Independence Realty'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 Independence Realty's market value can be influenced by many factors that don't directly affect Independence Realty'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 Independence Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independence Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independence Realty'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.
Independence Realty '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 Independence Realty's 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 Independence Realty.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Independence Realty on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Independence Realty Trust or generate 0.0% return on investment in Independence Realty over 30 days. Independence Realty is related to or competes with Veris Residential. is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S More
Independence Realty 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 Independence Realty's 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 Independence Realty Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.0067 | |||
| Maximum Drawdown | 9.85 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 5.2 |
Independence Realty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Independence Realty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Independence Realty's standard deviation. In reality, there are many statistical measures that can use Independence Realty historical prices to predict the future Independence Realty's volatility.| Risk Adjusted Performance | 0.0286 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0087 | |||
| Treynor Ratio | 0.0317 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Independence Realty'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.
Independence Realty Trust Backtested Returns
We consider Independence Realty very steady. Independence Realty Trust holds Efficiency (Sharpe) Ratio of 0.0189, which attests that the entity had a 0.0189% return per unit of risk over the last 3 months. We have found thirty technical indicators for Independence Realty Trust, which you can use to evaluate the volatility of the firm. Please check out Independence Realty's Downside Deviation of 1.52, risk adjusted performance of 0.0286, and Market Risk Adjusted Performance of 0.0417 to validate if the risk estimate we provide is consistent with the expected return of 0.0363%. Independence Realty has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.85, which attests to 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, Independence Realty will likely underperform. Independence Realty Trust right now retains a risk of 1.92%. Please check out Independence Realty downside variance, and the relationship between the total risk alpha and daily balance of power , to decide if Independence Realty will be following its current trending patterns.
Auto-correlation | 0.36 |
Below average predictability
Independence Realty Trust has below average predictability. Overlapping area represents the amount of predictability between Independence Realty time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Independence Realty Trust price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Independence Realty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Independence Realty Trust lagged returns against current returns
Autocorrelation, which is Independence Realty 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 Independence Realty's stock expected returns. We can calculate the autocorrelation of Independence Realty returns to help us make a trade decision. For example, suppose you find that Independence Realty 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 |
Independence Realty 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 Independence Realty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Independence Realty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Independence Realty stock over time.
Current vs Lagged Prices |
| Timeline |
Independence Realty Lagged Returns
When evaluating Independence Realty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Independence Realty stock have on its future price. Independence Realty 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, Independence Realty autocorrelation shows the relationship between Independence Realty stock current value and its past values and can show if there is a momentum factor associated with investing in Independence Realty Trust.
Regressed Prices |
| Timeline |
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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.
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Independence Realty 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.