Essex Property Trust Stock Market Value
| ESS Stock | USD 247.74 5.59 2.31% |
| Symbol | Essex |
Essex Property Trust Price To Book Ratio
Is Essex Property'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 Essex Property. If investors know Essex 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 Essex Property 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 (0.64) | Dividend Share 9.24 | Earnings Share 6.32 | Revenue Per Share 26.146 | Quarterly Revenue Growth (0.04) |
The market value of Essex Property Trust is measured differently than its book value, which is the value of Essex that is recorded on the company's balance sheet. Investors also form their own opinion of Essex Property's value that differs from its market value or its book value, called intrinsic value, which is Essex Property'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 Essex Property's market value can be influenced by many factors that don't directly affect Essex Property'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 Essex Property's value and its price as these two are different measures arrived at by different means. Investors typically determine if Essex Property is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essex Property'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.
Essex Property '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 Essex Property'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 Essex Property.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Essex Property on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Essex Property Trust or generate 0.0% return on investment in Essex Property over 30 days. Essex Property is related to or competes with Equity Residential, Mid America, Camden Property, UDR, AvalonBay Communities, and Nexpoint Residential. Essex Property Trust, Inc., an SP 500 company, is a fully integrated real estate investment trust that acquires, develop... More
Essex Property 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 Essex Property'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 Essex Property Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.17 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 2.5 |
Essex Property Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Essex Property's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Essex Property's standard deviation. In reality, there are many statistical measures that can use Essex Property historical prices to predict the future Essex Property's volatility.| Risk Adjusted Performance | 0.0204 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0178 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Essex Property'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.
Essex Property Trust Backtested Returns
We consider Essex Property very steady. Essex Property Trust secures Sharpe Ratio (or Efficiency) of 0.0808, which denotes the company had a 0.0808% return per unit of risk over the last 3 months. We have found thirty technical indicators for Essex Property Trust, which you can use to evaluate the volatility of the firm. Please confirm Essex Property's Downside Deviation of 1.39, mean deviation of 1.16, and Coefficient Of Variation of 4223.65 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Essex Property has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.34, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Essex Property will likely underperform. Essex Property Trust right now shows a risk of 1.46%. Please confirm Essex Property Trust skewness, and the relationship between the value at risk and day median price , to decide if Essex Property Trust will be following its price patterns.
Auto-correlation | 0.24 |
Weak predictability
Essex Property Trust has weak predictability. Overlapping area represents the amount of predictability between Essex Property time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Essex Property Trust price movement. The serial correlation of 0.24 indicates that over 24.0% of current Essex Property price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 27.93 |
Essex Property Trust lagged returns against current returns
Autocorrelation, which is Essex Property 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 Essex Property's stock expected returns. We can calculate the autocorrelation of Essex Property returns to help us make a trade decision. For example, suppose you find that Essex Property 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 |
Essex Property 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 Essex Property stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Essex Property stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Essex Property stock over time.
Current vs Lagged Prices |
| Timeline |
Essex Property Lagged Returns
When evaluating Essex Property's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Essex Property stock have on its future price. Essex Property 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, Essex Property autocorrelation shows the relationship between Essex Property stock current value and its past values and can show if there is a momentum factor associated with investing in Essex Property Trust.
Regressed Prices |
| Timeline |
Essex Property Investors Sentiment
The influence of Essex Property'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 Essex. 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 Essex Property's public news can be used to forecast risks associated with an investment in Essex. The trend in average sentiment can be used to explain how an investor holding Essex can time the market purely based on public headlines and social activities around Essex Property Trust. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Essex Property'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 Essex Property'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 Essex Property's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Essex Property.
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 Essex Property 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, Essex Property's short interest history, or implied volatility extrapolated from Essex Property options trading.
Pair Trading with Essex Property
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 Essex Property 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 Essex Property will appreciate offsetting losses from the drop in the long position's value.Moving against Essex Stock
| 0.45 | ADC-PA | Agree Realty | PairCorr |
The ability to find closely correlated positions to Essex Property could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Essex Property 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 Essex Property - 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 Essex Property Trust to buy it.
The correlation of Essex Property 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 Essex Property moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Essex Property Trust 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 Essex Property 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 Essex Property Correlation, Essex Property Volatility and Essex Property Alpha and Beta module to complement your research on Essex Property. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Essex Stock analysis
When running Essex Property's price analysis, check to measure Essex Property'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 Essex Property is operating at the current time. Most of Essex Property's value examination focuses on studying past and present price action to predict the probability of Essex Property's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Essex Property's price. Additionally, you may evaluate how the addition of Essex Property to your portfolios can decrease your overall portfolio volatility.
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Essex Property 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.