Equity Residential Correlations
| EQR Stock | USD 64.61 1.52 2.41% |
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.
Very weak diversification
The correlation between Equity Residential and NYA is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Residential and NYA in the same portfolio, assuming nothing else is changed.
Equity |
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.
Moving together with Equity Stock
| 0.79 | IRM | Iron Mountain rporated Earnings Call This Week | PairCorr |
| 0.7 | HASI | Hannon Armstrong Sus Financial Report 2nd of May 2024 | PairCorr |
| 0.83 | PK | Park Hotels Resorts Earnings Call This Week | PairCorr |
Moving against Equity Stock
| 0.63 | KW | Kennedy Wilson Holdings Financial Report 1st of May 2024 | PairCorr |
| 0.51 | HR | Healthcare Realty Trust Financial Report 14th of May 2024 | PairCorr |
| 0.46 | ADC-PA | Agree Realty | PairCorr |
| 0.41 | UE | Urban Edge Properties Financial Report 14th of May 2024 | PairCorr |
Related Correlations Analysis
| 0.76 | 0.92 | 0.93 | 0.91 | 0.63 | ESS | ||
| 0.76 | 0.81 | 0.89 | 0.6 | 0.54 | MAA | ||
| 0.92 | 0.81 | 0.9 | 0.86 | 0.67 | CPT | ||
| 0.93 | 0.89 | 0.9 | 0.84 | 0.59 | UDR | ||
| 0.91 | 0.6 | 0.86 | 0.84 | 0.52 | AVB | ||
| 0.63 | 0.54 | 0.67 | 0.59 | 0.52 | NXRT | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Equity Stock performing well and Equity Residential Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Equity Residential's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ESS | 1.16 | (0.09) | (0.04) | 0.02 | 1.35 | 2.50 | 6.17 | |||
| MAA | 1.07 | (0.19) | 0.00 | (0.05) | 0.00 | 2.00 | 6.67 | |||
| CPT | 1.23 | (0.11) | (0.05) | 0.01 | 1.40 | 2.12 | 8.39 | |||
| UDR | 1.12 | (0.11) | (0.06) | 0.00 | 1.38 | 1.77 | 5.90 | |||
| AVB | 0.96 | (0.01) | 0.00 | 0.08 | 1.14 | 2.64 | 6.23 | |||
| NXRT | 1.66 | (0.12) | (0.01) | 0.03 | 2.25 | 3.66 | 10.36 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Equity Residential without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run My Watchlist Analysis Now
My Watchlist AnalysisAnalyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |
| All Next | Launch Module |
Equity Residential Corporate Executives
Elected by the shareholders, the Equity Residential's board of directors comprises two types of representatives: Equity Residential inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Equity. The board's role is to monitor Equity Residential's management team and ensure that shareholders' interests are well served. Equity Residential's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Equity Residential's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Santee | COO and Executive VP | Profile |
Already Invested in Equity Residential?
The danger of trading Equity Residential is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Equity Residential is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Equity Residential. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Equity Residential is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Equity Residential is a strong investment it is important to analyze Equity Residential's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Equity Residential's future performance. For an informed investment choice regarding Equity Stock, refer to the following important reports: 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Equity Stock analysis
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.
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments |
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 0.957 | Dividend Share 2.65 | Earnings Share 2.13 | Revenue Per Share 7.588 | Quarterly Revenue Growth 0.04 |
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.