Agree Realty Stock Beta
| ADC Stock | USD 56.56 0.73 1.31% |
Agree Realty fundamentals help investors to digest information that contributes to Agree Realty's financial success or failures. It also enables traders to predict the movement of Agree Stock. The fundamental analysis module provides a way to measure Agree Realty's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Agree Realty stock.
Agree | Beta |
Agree Realty Company Beta Analysis
Agree Realty's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Agree Realty Beta | 0.53 |
Most of Agree Realty's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Agree Realty is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Agree Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Agree Realty is extremely important. It helps to project a fair market value of Agree Stock properly, considering its historical fundamentals such as Beta. Since Agree Realty's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Agree Realty's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Agree Realty's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Agree Realty has a Beta of 0.533. This is 25.97% lower than that of the Diversified REITs sector and significantly higher than that of the Real Estate industry. The beta for all United States stocks is notably lower than that of the firm.
Agree Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Agree Realty's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Agree Realty could also be used in its relative valuation, which is a method of valuing Agree Realty by comparing valuation metrics of similar companies.Agree Realty is currently under evaluation in beta category among related companies.
Agree Realty Current Valuation Drivers
We derive many important indicators used in calculating different scores of Agree Realty from analyzing Agree Realty's financial statements. These drivers represent accounts that assess Agree Realty's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Agree Realty's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.8B | 3.5B | 4.8B | 5.6B | 6.0B | 6.3B | |
| Enterprise Value | 3.7B | 4.7B | 6.4B | 7.5B | 8.4B | 8.9B |
Agree Realty Institutional Holders
Institutional Holdings refers to the ownership stake in Agree Realty that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Agree Realty's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Agree Realty's value.| Shares | Amvescap Plc. | 2023-12-31 | 1.8 M | Charles Schwab Investment Management Inc | 2023-12-31 | 1.5 M | Thrivent Financial For Lutherans | 2023-12-31 | 1.4 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 1.4 M | Nuveen Asset Management, Llc | 2023-12-31 | 1.3 M | Bank Of New York Mellon Corp | 2023-12-31 | 1.3 M | Daiwa Securities Group Inc | 2023-12-31 | 1.2 M | Cohen & Steers Inc | 2023-12-31 | 1.2 M | Norges Bank | 2023-12-31 | 1.1 M | Vanguard Group Inc | 2023-12-31 | 14.2 M | Blackrock Inc | 2023-12-31 | 12.6 M |
As returns on the market increase, Agree Realty's returns are expected to increase less than the market. However, during the bear market, the loss of holding Agree Realty is expected to be smaller as well.
Agree Fundamentals
| Return On Equity | 0.0347 | ||||
| Return On Asset | 0.0224 | ||||
| Profit Margin | 0.32 % | ||||
| Operating Margin | 0.49 % | ||||
| Current Valuation | 8.11 B | ||||
| Shares Outstanding | 100.63 M | ||||
| Shares Owned By Insiders | 1.79 % | ||||
| Shares Owned By Institutions | 98.21 % | ||||
| Number Of Shares Shorted | 4.32 M | ||||
| Price To Earning | 38.51 X | ||||
| Price To Book | 1.12 X | ||||
| Price To Sales | 10.56 X | ||||
| Revenue | 537.5 M | ||||
| Gross Profit | 377.53 M | ||||
| EBITDA | 437.65 M | ||||
| Net Income | 169.55 M | ||||
| Cash And Equivalents | 27.76 M | ||||
| Cash Per Share | 2.83 X | ||||
| Total Debt | 2.47 B | ||||
| Debt To Equity | 0.41 % | ||||
| Current Ratio | 4.78 X | ||||
| Book Value Per Share | 50.08 X | ||||
| Cash Flow From Operations | 388.05 M | ||||
| Short Ratio | 3.68 X | ||||
| Earnings Per Share | 1.70 X | ||||
| Price To Earnings To Growth | (28.74) X | ||||
| Target Price | 65.97 | ||||
| Number Of Employees | 72 | ||||
| Beta | 0.53 | ||||
| Market Capitalization | 5.54 B | ||||
| Total Asset | 7.77 B | ||||
| Retained Earnings | (346.47 M) | ||||
| Working Capital | (25.82 M) | ||||
| Current Asset | 10.13 M | ||||
| Current Liabilities | 19.35 M | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 3.70 % | ||||
| Net Asset | 7.77 B | ||||
| Last Dividend Paid | 2.92 |
About Agree Realty Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Agree Realty's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Agree Realty using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Agree Realty based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Agree 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 Agree 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 Agree Realty will appreciate offsetting losses from the drop in the long position's value.Moving together with Agree Stock
| 0.66 | UE | Urban Edge Properties Financial Report 14th of May 2024 | PairCorr |
| 0.71 | BFS | Saul Centers | PairCorr |
The ability to find closely correlated positions to Agree 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 Agree 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 Agree 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 Agree Realty to buy it.
The correlation of Agree 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 Agree Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agree Realty 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 Agree 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.Check out Agree Realty Piotroski F Score and Agree Realty Altman Z Score analysis. For information on how to trade Agree Stock refer to our How to Trade Agree Stock guide.Note that the Agree Realty information on this page should be used as a complementary analysis to other Agree Realty'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 Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Agree Stock analysis
When running Agree Realty's price analysis, check to measure Agree 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 Agree Realty is operating at the current time. Most of Agree Realty's value examination focuses on studying past and present price action to predict the probability of Agree 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 Agree Realty's price. Additionally, you may evaluate how the addition of Agree Realty to your portfolios can decrease your overall portfolio volatility.
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Is Agree 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 Agree Realty. If investors know Agree 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 Agree 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 (0.01) | Dividend Share 2.919 | Earnings Share 1.7 | Revenue Per Share 5.646 | Quarterly Revenue Growth 0.237 |
The market value of Agree Realty is measured differently than its book value, which is the value of Agree that is recorded on the company's balance sheet. Investors also form their own opinion of Agree Realty's value that differs from its market value or its book value, called intrinsic value, which is Agree 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 Agree Realty's market value can be influenced by many factors that don't directly affect Agree 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 Agree Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agree Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agree 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.