Equity Common Stock vs Cash And Short Term Investments Analysis
EQR Stock | USD 67.04 0.94 1.42% |
Equity Residential financial indicator trend analysis is much more than just examining Equity Residential latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equity Residential is a good investment. Please check the relationship between Equity Residential Common Stock and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Residential. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. To learn how to invest in Equity Stock, please use our How to Invest in Equity Residential guide.
Common Stock vs Cash And Short Term Investments
Common Stock vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equity Residential Common Stock account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Equity Residential's Common Stock and Cash And Short Term Investments is -0.24. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Equity Residential, assuming nothing else is changed. The correlation between historical values of Equity Residential's Common Stock and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Equity Residential are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Common Stock i.e., Equity Residential's Common Stock and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.24 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Common Stock
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Equity Residential balance sheet. This account contains Equity Residential investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Equity Residential fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Equity Residential's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equity Residential 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 Residential. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. To learn how to invest in Equity Stock, please use our How to Invest in Equity Residential guide.At this time, Equity Residential's Tax Provision is relatively stable compared to the past year. As of 05/10/2024, Sales General And Administrative To Revenue is likely to grow to 0.02, while Discontinued Operations is likely to drop slightly above 442.9 K.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 272.5M | 282.9M | 266.7M | 446.5M | Depreciation And Amortization | 838.3M | 882.2M | 901.5M | 617.3M |
Equity Residential fundamental ratios Correlations
Click cells to compare fundamentals
Equity Residential Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equity Residential fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 21.2B | 20.3B | 21.2B | 20.2B | 20.0B | 16.2B | |
Short Long Term Debt Total | 9.4B | 8.4B | 8.7B | 7.7B | 7.7B | 7.8B | |
Total Stockholder Equity | 10.3B | 10.5B | 11.0B | 11.2B | 11.1B | 7.2B | |
Net Debt | 9.3B | 8.3B | 8.5B | 7.7B | 7.7B | 7.7B | |
Retained Earnings | 1.4B | 1.4B | 1.8B | 1.7B | 1.4B | 1.5B | |
Non Current Assets Total | 21.1B | 20.2B | 20.8B | 20.1B | 19.9B | 15.8B | |
Non Currrent Assets Other | 20.5B | 19.6B | 20.2B | 19.3B | 19.2B | 20.1B | |
Common Stock Shares Outstanding | 386.3M | 385.9M | 388.1M | 389.5M | 390.9M | 314.1M | |
Liabilities And Stockholders Equity | 21.2B | 20.3B | 21.2B | 20.2B | 20.0B | 16.2B | |
Non Current Liabilities Total | 8.8B | 8.4B | 8.8B | 8.0B | 7.6B | 7.9B | |
Other Stockholder Equity | 9.0B | 9.1B | 9.1B | 9.5B | 9.6B | 6.3B | |
Total Liab | 10.2B | 9.2B | 9.5B | 8.5B | 8.5B | 8.4B | |
Other Current Liab | 285.2M | 298.2M | 303.0M | 310.9M | (176.6M) | (185.5M) | |
Total Current Liabilities | 1.4B | 820.4M | 725.1M | 536.9M | 838.5M | 1.3B | |
Accounts Payable | 94.4M | 107.4M | 107.0M | 96.0M | 104.4M | 116.1M | |
Cash | 45.8M | 42.6M | 123.8M | 53.9M | 50.7M | 48.2M | |
Other Assets | 330.6M | 20.2B | 19.9B | 18.9B | 21.7B | 22.8B | |
Cash And Short Term Investments | 45.8M | 42.6M | 123.8M | 53.9M | 50.7M | 48.2M | |
Common Stock Total Equity | 3.7M | 3.7M | 3.8M | 3.8M | 4.4M | 3.1M | |
Total Current Assets | 117.0M | 99.7M | 360.2M | 137.2M | 140.0M | 133.0M | |
Accumulated Other Comprehensive Income | (77.6M) | (43.7M) | (34.3M) | (2.5M) | 5.7M | 6.0M | |
Common Stock | 3.7M | 3.7M | 3.8M | 3.8M | 3.8M | 3.1M | |
Short Term Debt | 1.0B | 414.8M | 315.0M | 130.0M | 910.7M | 989.6M | |
Other Liab | 417.0M | 405.5M | 419.2M | 375.9M | 432.3M | 529.8M | |
Long Term Debt | 8.0B | 7.6B | 8.0B | 7.4B | 7.0B | 8.3B | |
Other Current Assets | (77.2M) | (83.9M) | (150.0M) | (62.6M) | (65.6M) | (62.3M) | |
Property Plant Equipment | 20.3B | 19.3B | 20.3B | 19.5B | 22.5B | 15.7B | |
Noncontrolling Interest In Consolidated Entity | 229.0M | 237.8M | 232.3M | 209.2M | 188.3M | 178.9M | |
Retained Earnings Total Equity | 1.4B | 1.4B | 1.8B | 1.7B | 1.5B | 1.3B | |
Net Tangible Assets | 10.7B | 10.8B | 10.9B | 11.5B | 13.2B | 10.8B | |
Warrants | 463.4M | 339.0M | 499.0M | 318.3M | 286.4M | 334.7M | |
Long Term Debt Total | 8.0B | 7.6B | 8.3B | 7.4B | 8.5B | 9.1B | |
Capital Surpluse | 9.0B | 9.1B | 9.1B | 9.5B | 10.9B | 9.2B |
Pair Trading with Equity Residential
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 Residential 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 Residential will appreciate offsetting losses from the drop in the long position's value.Moving together with Equity Stock
0.78 | O | Realty Income Corp Sell-off Trend | PairCorr |
0.73 | AIV | Apartment Investment and | PairCorr |
0.64 | AMH | American Homes 4 | PairCorr |
0.97 | AVB | AvalonBay Communities | PairCorr |
Moving against Equity Stock
0.6 | FR | First Industrial Realty | PairCorr |
0.56 | CLPR | Clipper Realty | PairCorr |
0.55 | PW | Power REIT | PairCorr |
0.49 | ELS | Equity Lifestyle Pro Financial Report 15th of July 2024 | PairCorr |
0.41 | ROIC | Retail Opportunity | PairCorr |
The ability to find closely correlated positions to Equity Residential 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 Residential 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 Residential - 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 Residential to buy it.
The correlation of Equity Residential 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 Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equity Residential 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 Residential 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 Residential. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. To learn how to invest in Equity Stock, please use our How to Invest in Equity Residential guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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When running Equity Residential's price analysis, check to measure Equity Residential'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 Residential is operating at the current time. Most of Equity Residential's value examination focuses on studying past and present price action to predict the probability of Equity Residential'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 Residential's price. Additionally, you may evaluate how the addition of Equity Residential to your portfolios can decrease your overall portfolio volatility.
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Is Equity Residential'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 Residential. 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 Residential 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 0.379 | Dividend Share 2.663 | Earnings Share 2.34 | Revenue Per Share 7.653 | Quarterly Revenue Growth 0.036 |
The market value of Equity Residential 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 Residential's value that differs from its market value or its book value, called intrinsic value, which is Equity Residential'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 Residential's market value can be influenced by many factors that don't directly affect Equity Residential'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 Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equity Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equity Residential'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.