Equity Net Income vs Interest Expense Analysis
ELS Stock | USD 62.34 0.54 0.87% |
Equity Lifestyle financial indicator trend analysis is much more than just examining Equity Lifestyle Pro latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equity Lifestyle Pro is a good investment. Please check the relationship between Equity Lifestyle Net Income and its Interest Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Lifestyle Properties. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Net Income vs Interest Expense
Net Income vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equity Lifestyle Pro Net Income account and Interest Expense. At this time, the significance of the direction appears to have strong relationship.
The correlation between Equity Lifestyle's Net Income and Interest Expense is 0.62. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Equity Lifestyle Properties, assuming nothing else is changed. The correlation between historical values of Equity Lifestyle's Net Income and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Equity Lifestyle Properties are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Net Income i.e., Equity Lifestyle's Net Income and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Equity Lifestyle Pro financial statement analysis. It represents the amount of money remaining after all of Equity Lifestyle Properties operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from Equity Lifestyle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equity Lifestyle Pro current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Lifestyle Properties. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. At this time, Equity Lifestyle's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 8.6 M in 2024, despite the fact that Tax Provision is likely to grow to (10 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 628.2M | 700.7M | 941.5M | 988.6M | Total Revenue | 1.3B | 1.4B | 1.5B | 1.6B |
Equity Lifestyle fundamental ratios Correlations
Click cells to compare fundamentals
Equity Lifestyle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equity Lifestyle fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.2B | 4.4B | 5.3B | 5.5B | 5.6B | 5.9B | |
Short Long Term Debt Total | 2.4B | 2.7B | 3.3B | 3.4B | 3.5B | 1.8B | |
Total Stockholder Equity | 1.2B | 1.2B | 1.4B | 1.4B | 1.4B | 1.5B | |
Net Debt | 2.4B | 2.6B | 3.2B | 3.4B | 3.5B | 3.7B | |
Retained Earnings | (154.3M) | (179.5M) | (183.7M) | (204.2M) | (223.6M) | (234.8M) | |
Non Current Assets Total | 4.1B | 4.4B | 5.1B | 5.4B | 5.5B | 5.8B | |
Non Currrent Assets Other | 4.1B | 4.3B | 5.0B | 5.3B | 5.4B | 5.7B | |
Other Assets | 73.9M | 4.4B | 259.2K | 50.4M | 58.0M | 55.1M | |
Cash And Short Term Investments | 28.9M | 24.1M | 123.4M | 2.6M | 29.9M | 51.8M | |
Common Stock Shares Outstanding | 192.0M | 192.6M | 192.9M | 195.3M | 195.4M | 157.2M | |
Liabilities And Stockholders Equity | 4.2B | 4.4B | 5.3B | 5.5B | 5.6B | 5.9B | |
Non Current Liabilities Total | 2.4B | 2.6B | 2.9B | 3.2B | 3.5B | 1.8B | |
Other Stockholder Equity | 1.4B | 1.4B | 1.6B | 1.6B | 1.6B | 954.9M | |
Total Liab | 2.8B | 3.1B | 3.8B | 4.0B | 4.1B | 4.3B | |
Total Current Assets | 66.4M | 59.9M | 163.4M | 67.7M | 79.9M | 100.7M | |
Other Current Liab | 67.6M | 74.3M | 80.1M | 91.8M | 100.2M | 57.6M | |
Total Current Liabilities | 443.5M | 518.6M | 896.5M | 785.1M | 627.5M | 658.9M | |
Accounts Payable | 124.7M | 129.7M | 172.3M | 175.1M | 151.6M | 91.9M | |
Cash | 28.9M | 24.1M | 123.4M | 2.6M | 29.9M | 49.2M | |
Net Receivables | 37.6M | 35.8M | 40.0M | 45.4M | 49.9M | 26.3M | |
Common Stock Total Equity | 1.8M | 1.8M | 1.9M | 1.9M | 2.2M | 2.3M | |
Accumulated Other Comprehensive Income | 2.3M | (380K) | 3.5M | 19.1M | 6.1M | 6.4M | |
Common Stock | 1.8M | 1.8M | 1.9M | 1.9M | 1.9M | 2.0M | |
Other Liab | 228.6M | 243.3M | 295.1M | 320.1M | 368.1M | 386.5M | |
Long Term Debt | 2.2B | 2.4B | 3.3B | 3.4B | 3.5B | 2.2B | |
Other Current Assets | (66.4M) | (59.9M) | (163.4M) | 19.7M | (79.9M) | (75.9M) | |
Current Deferred Revenue | 91.2M | 92.6M | 295.1M | 320.1M | 344.8M | 362.0M | |
Short Term Debt | 160M | 222M | 349M | 198M | 31M | 29.5M | |
Net Tangible Assets | 1.2B | 1.2B | 1.4B | 1.4B | 1.7B | 1.1B | |
Noncontrolling Interest In Consolidated Entity | 72.1M | 71.1M | 71.1M | 72.1M | 64.9M | 98.6M | |
Retained Earnings Total Equity | (154.3M) | (179.5M) | (183.7M) | (204.2M) | (183.8M) | (174.6M) | |
Long Term Debt Total | 2.2B | 2.4B | 3.3B | 3.4B | 3.9B | 2.6B | |
Capital Surpluse | 1.4B | 1.4B | 1.6B | 1.6B | 1.9B | 1.3B |
Pair Trading with Equity Lifestyle
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 Equity Lifestyle 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 Equity Lifestyle will appreciate offsetting losses from the drop in the long position's value.Moving together with Equity Stock
0.79 | UE | Urban Edge Properties Financial Report 14th of May 2024 | PairCorr |
Moving against Equity Stock
0.57 | PK | Park Hotels Resorts Financial Report 6th of May 2024 | PairCorr |
0.43 | AVB | AvalonBay Communities Financial Report 24th of April 2024 | PairCorr |
The ability to find closely correlated positions to Equity Lifestyle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equity Lifestyle 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 Equity Lifestyle - 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 Equity Lifestyle Properties to buy it.
The correlation of Equity Lifestyle 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 Equity Lifestyle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equity Lifestyle Pro 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 Equity Lifestyle 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Lifestyle Properties. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Equity Stock analysis
When running Equity Lifestyle's price analysis, check to measure Equity Lifestyle'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 Equity Lifestyle is operating at the current time. Most of Equity Lifestyle's value examination focuses on studying past and present price action to predict the probability of Equity Lifestyle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equity Lifestyle's price. Additionally, you may evaluate how the addition of Equity Lifestyle to your portfolios can decrease your overall portfolio volatility.
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing |
Is Equity Lifestyle'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 Equity Lifestyle. If investors know Equity 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 Equity Lifestyle 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 0.256 | Dividend Share 1.79 | Earnings Share 1.69 | Revenue Per Share 8.017 | Quarterly Revenue Growth 0.058 |
The market value of Equity Lifestyle Pro is measured differently than its book value, which is the value of Equity that is recorded on the company's balance sheet. Investors also form their own opinion of Equity Lifestyle's value that differs from its market value or its book value, called intrinsic value, which is Equity Lifestyle'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 Equity Lifestyle's market value can be influenced by many factors that don't directly affect Equity Lifestyle'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 Equity Lifestyle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equity Lifestyle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equity Lifestyle'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.