Equity Net Working Capital vs Capital Surpluse Analysis
ELS Stock | USD 63.16 2.21 3.63% |
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 Working Capital and its Capital Surpluse 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 Working Capital vs Capital Surpluse
Net Working Capital vs Capital Surpluse Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equity Lifestyle Pro Net Working Capital account and Capital Surpluse. At this time, the significance of the direction appears to have pay attention.
The correlation between Equity Lifestyle's Net Working Capital and Capital Surpluse is -0.76. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Capital Surpluse 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 Working Capital and Capital Surpluse 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 Working Capital of Equity Lifestyle Properties are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Net Working Capital i.e., Equity Lifestyle's Net Working Capital and Capital Surpluse go up and down completely randomly.
Correlation Coefficient | -0.76 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Working Capital
Capital Surpluse
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
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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 | |
Property Plant And Equipment Net | 4.0B | 4.3B | 4.9B | 5.1B | 5.3B | 5.5B | |
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 | 149.9M | 91.9M | |
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 | 1.6B | 1.6B | 1.6B | 1.6B | 929.3M | |
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 | 52.7M | |
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 | 76.2M | |
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 | (380K) | (179.5M) | 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 against Equity Stock
0.77 | AIRC | Apartment me REIT Financial Report 6th of May 2024 | PairCorr |
0.71 | AHT-PD | Ashford Hospitality Trust Earnings Call This Week | PairCorr |
0.65 | BRT | BRT Realty Trust Earnings Call This Week | PairCorr |
0.65 | NXRT | Nexpoint Residential | PairCorr |
0.59 | AHT-PI | Ashford Hospitality Trust Earnings Call This Week | 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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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 0.332 | Dividend Share 1.82 | Earnings Share 1.84 | Revenue Per Share 8.101 | Quarterly Revenue Growth 0.044 |
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.