Eastgroup Properties Stock Technical Analysis
| EGP Stock | USD 163.34 4.07 2.56% |
As of the 23rd of April, EastGroup Properties shows the Mean Deviation of 0.9829, variance of 1.66, and Standard Deviation of 1.29. EastGroup Properties technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for EastGroup Properties, which can be compared to its peers. Please confirm EastGroup Properties market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if EastGroup Properties is priced favorably, providing market reflects its regular price of 163.34 per share. Given that EastGroup Properties has information ratio of (0.18), we urge you to verify EastGroup Properties's prevailing market performance to make sure the company can sustain itself at a future point.
EastGroup Properties Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as EastGroup, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EastGroupEastGroup |
EastGroup Properties Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 186.71 | Buy | 16 | Odds |
Most EastGroup analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand EastGroup stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of EastGroup Properties, talking to its executives and customers, or listening to EastGroup conference calls.
EastGroup Properties 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.
EastGroup Properties Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of EastGroup Properties volatility. High ATR values indicate high volatility, and low values indicate low volatility.
EastGroup Properties Trend Analysis
Use this graph to draw trend lines for EastGroup Properties. You can use it to identify possible trend reversals for EastGroup Properties as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual EastGroup Properties price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.EastGroup Properties Best Fit Change Line
The following chart estimates an ordinary least squares regression model for EastGroup Properties applied against its price change over selected period. The best fit line has a slop of 0.21 , which may imply that the returns on investment in EastGroup Properties will continue to fail. It has 122 observation points and a regression sum of squares at 1731.84, which is the sum of squared deviations for the predicted EastGroup Properties price change compared to its average price change.About EastGroup Properties Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of EastGroup Properties on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of EastGroup Properties based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on EastGroup Properties price pattern first instead of the macroeconomic environment surrounding EastGroup Properties. By analyzing EastGroup Properties's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of EastGroup Properties's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to EastGroup Properties specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0144 | 0.0307 | 0.0272 | 0.0258 | Price To Sales Ratio | 22.4 | 12.95 | 14.55 | 15.27 |
EastGroup Properties April 23, 2024 Technical Indicators
Most technical analysis of EastGroup help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for EastGroup from various momentum indicators to cycle indicators. When you analyze EastGroup charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | (0.11) | |||
| Mean Deviation | 0.9829 | |||
| Coefficient Of Variation | (888.67) | |||
| Standard Deviation | 1.29 | |||
| Variance | 1.66 | |||
| Information Ratio | (0.18) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.12) | |||
| Maximum Drawdown | 6.22 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.16 | |||
| Skewness | 0.3507 | |||
| Kurtosis | 0.4563 |
EastGroup Properties April 23, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as EastGroup stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 14,447 | ||
| Daily Balance Of Power | 0.84 | ||
| Rate Of Daily Change | 1.03 | ||
| Day Median Price | 161.11 | ||
| Day Typical Price | 161.85 | ||
| Price Action Indicator | 4.27 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EastGroup 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 price. To learn how to invest in EastGroup Stock, please use our How to Invest in EastGroup Properties guide.Note that the EastGroup Properties information on this page should be used as a complementary analysis to other EastGroup Properties' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for EastGroup Stock analysis
When running EastGroup Properties' price analysis, check to measure EastGroup Properties' 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 EastGroup Properties is operating at the current time. Most of EastGroup Properties' value examination focuses on studying past and present price action to predict the probability of EastGroup Properties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EastGroup Properties' price. Additionally, you may evaluate how the addition of EastGroup Properties to your portfolios can decrease your overall portfolio volatility.
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Is EastGroup Properties' 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 EastGroup Properties. If investors know EastGroup 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 EastGroup Properties 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 0.522 | Dividend Share 5.04 | Earnings Share 4.43 | Revenue Per Share 12.617 | Quarterly Revenue Growth 0.149 |
The market value of EastGroup Properties is measured differently than its book value, which is the value of EastGroup that is recorded on the company's balance sheet. Investors also form their own opinion of EastGroup Properties' value that differs from its market value or its book value, called intrinsic value, which is EastGroup Properties' 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 EastGroup Properties' market value can be influenced by many factors that don't directly affect EastGroup Properties' 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 EastGroup Properties' value and its price as these two are different measures arrived at by different means. Investors typically determine if EastGroup Properties is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EastGroup Properties' 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.