Equity Lifestyle Properties Stock Market Value
| ELS Stock | USD 61.80 0.73 1.20% |
| Symbol | Equity |
Equity Lifestyle Pro Price To Book Ratio
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.
Equity Lifestyle '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 Equity Lifestyle'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 Equity Lifestyle.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Equity Lifestyle on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Equity Lifestyle Properties or generate 0.0% return on investment in Equity Lifestyle over 30 days. Equity Lifestyle is related to or competes with UMH Properties, UDR, AvalonBay Communities, Nexpoint Residential, BRT Realty, Centerspace, and Veris Residential. We are a self-administered, self-managed real estate investment trust with headquarters in Chicago More
Equity Lifestyle 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 Equity Lifestyle'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 Equity Lifestyle Properties upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 5.76 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 1.51 |
Equity Lifestyle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equity Lifestyle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equity Lifestyle's standard deviation. In reality, there are many statistical measures that can use Equity Lifestyle historical prices to predict the future Equity Lifestyle's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equity Lifestyle'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.
Equity Lifestyle Pro Backtested Returns
Equity Lifestyle Pro secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Equity Lifestyle Properties exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Equity Lifestyle's Variance of 1.34, standard deviation of 1.16, and Mean Deviation of 0.9118 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.86, which means possible diversification benefits within a given portfolio. Equity Lifestyle returns are very sensitive to returns on the market. As the market goes up or down, Equity Lifestyle is expected to follow. Equity Lifestyle Pro has an expected return of -0.15%. Please make sure to confirm Equity Lifestyle Pro maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Equity Lifestyle Pro performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Equity Lifestyle Properties has below average predictability. Overlapping area represents the amount of predictability between Equity Lifestyle 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 Equity Lifestyle Pro price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Equity Lifestyle price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 1.01 |
Equity Lifestyle Pro lagged returns against current returns
Autocorrelation, which is Equity Lifestyle 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 Equity Lifestyle's stock expected returns. We can calculate the autocorrelation of Equity Lifestyle returns to help us make a trade decision. For example, suppose you find that Equity Lifestyle 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 |
Equity Lifestyle 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 Equity Lifestyle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equity Lifestyle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equity Lifestyle stock over time.
Current vs Lagged Prices |
| Timeline |
Equity Lifestyle Lagged Returns
When evaluating Equity Lifestyle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equity Lifestyle stock have on its future price. Equity Lifestyle 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, Equity Lifestyle autocorrelation shows the relationship between Equity Lifestyle stock current value and its past values and can show if there is a momentum factor associated with investing in Equity Lifestyle Properties.
Regressed Prices |
| Timeline |
Equity Lifestyle Investors Sentiment
The influence of Equity Lifestyle's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Equity. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Equity Lifestyle's public news can be used to forecast risks associated with an investment in Equity. The trend in average sentiment can be used to explain how an investor holding Equity can time the market purely based on public headlines and social activities around Equity Lifestyle Properties. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Equity Lifestyle's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Equity Lifestyle's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Equity Lifestyle's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Equity Lifestyle.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Equity Lifestyle in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Equity Lifestyle's short interest history, or implied volatility extrapolated from Equity Lifestyle options trading.
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 Equity Lifestyle Correlation, Equity Lifestyle Volatility and Equity Lifestyle Alpha and Beta module to complement your research on Equity Lifestyle. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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.
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Equity Lifestyle 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.