Equity Commonwealth Stock Market Value

EQC Stock  USD 18.88  0.07  0.37%   
Equity Commonwealth's market value is the price at which a share of Equity Commonwealth trades on a public exchange. It measures the collective expectations of Equity Commonwealth investors about its performance. Equity Commonwealth is trading at 18.88 as of the 29th of March 2024, a 0.37 percent up since the beginning of the trading day. The stock's open price was 18.81.
With this module, you can estimate the performance of a buy and hold strategy of Equity Commonwealth and determine expected loss or profit from investing in Equity Commonwealth over a given investment horizon. Check out Equity Commonwealth Correlation, Equity Commonwealth Volatility and Equity Commonwealth Alpha and Beta module to complement your research on Equity Commonwealth.
For information on how to trade Equity Stock refer to our How to Trade Equity Stock guide.
Symbol

Equity Commonwealth Price To Book Ratio

Is Equity Commonwealth'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 Commonwealth. 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 Commonwealth 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
0.283
Earnings Share
0.75
Revenue Per Share
0.556
Quarterly Revenue Growth
(0.04)
Return On Assets
(0.01)
The market value of Equity Commonwealth 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 Commonwealth's value that differs from its market value or its book value, called intrinsic value, which is Equity Commonwealth'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 Commonwealth's market value can be influenced by many factors that don't directly affect Equity Commonwealth'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 Commonwealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equity Commonwealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equity Commonwealth'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 Commonwealth '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 Commonwealth'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 Commonwealth.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Equity Commonwealth on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Equity Commonwealth or generate 0.0% return on investment in Equity Commonwealth over 720 days. Equity Commonwealth is related to or competes with Vornado Realty, Vornado Realty, Vornado Realty, Vornado Realty, and Empire State. Equity Commonwealth is a Chicago based, internally managed and self-advised real estate investment trust with commercial... More

Equity Commonwealth 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 Commonwealth'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 Commonwealth upside and downside potential and time the market with a certain degree of confidence.

Equity Commonwealth Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Equity Commonwealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equity Commonwealth's standard deviation. In reality, there are many statistical measures that can use Equity Commonwealth historical prices to predict the future Equity Commonwealth's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equity Commonwealth'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.
Hype
Prediction
LowEstimatedHigh
18.0518.8819.71
Details
Intrinsic
Valuation
LowRealHigh
18.1118.9419.77
Details
Naive
Forecast
LowNextHigh
17.8018.6319.45
Details
1 Analysts
Consensus
LowTargetHigh
19.1121.0023.31
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Equity Commonwealth. Your research has to be compared to or analyzed against Equity Commonwealth's peers to derive any actionable benefits. When done correctly, Equity Commonwealth's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Equity Commonwealth.

Equity Commonwealth Backtested Returns

Equity Commonwealth secures Sharpe Ratio (or Efficiency) of -0.0351, which denotes the company had a -0.0351% return per unit of risk over the last 3 months. Equity Commonwealth exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Equity Commonwealth's Variance of 0.6947, standard deviation of 0.8335, and Mean Deviation of 0.6832 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.57, which means possible diversification benefits within a given portfolio. As returns on the market increase, Equity Commonwealth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Equity Commonwealth is expected to be smaller as well. Equity Commonwealth has an expected return of -0.0292%. Please make sure to confirm Equity Commonwealth skewness, as well as the relationship between the daily balance of power and day typical price , to decide if Equity Commonwealth performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.45  

Average predictability

Equity Commonwealth has average predictability. Overlapping area represents the amount of predictability between Equity Commonwealth time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 Commonwealth price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Equity Commonwealth price fluctuation can be explain by its past prices.
Correlation Coefficient0.45
Spearman Rank Test0.28
Residual Average0.0
Price Variance0.72

Equity Commonwealth lagged returns against current returns

Autocorrelation, which is Equity Commonwealth 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 Commonwealth's stock expected returns. We can calculate the autocorrelation of Equity Commonwealth returns to help us make a trade decision. For example, suppose you find that Equity Commonwealth 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 Commonwealth 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 Commonwealth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equity Commonwealth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equity Commonwealth stock over time.
   Current vs Lagged Prices   
       Timeline  

Equity Commonwealth Lagged Returns

When evaluating Equity Commonwealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equity Commonwealth stock have on its future price. Equity Commonwealth 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 Commonwealth autocorrelation shows the relationship between Equity Commonwealth stock current value and its past values and can show if there is a momentum factor associated with investing in Equity Commonwealth.
   Regressed Prices   
       Timeline  

Equity Commonwealth Investors Sentiment

The influence of Equity Commonwealth'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 Commonwealth'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 Commonwealth. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Equity Commonwealth'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 Commonwealth'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 Commonwealth's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Equity Commonwealth.
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 Commonwealth 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 Commonwealth's short interest history, or implied volatility extrapolated from Equity Commonwealth options trading.

Pair Trading with Equity Commonwealth

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 Commonwealth 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 Commonwealth will appreciate offsetting losses from the drop in the long position's value.

Moving together with Equity Stock

  0.84BDN Brandywine Realty Trust Financial Report 17th of April 2024 PairCorr
  0.71GTY Getty Realty Financial Report 24th of April 2024 PairCorr
  0.8HPP Hudson Pacific Properties Financial Report 13th of May 2024 PairCorr

Moving against Equity Stock

  0.65AHT-PG Ashford Hospitality TrustPairCorr
  0.52SPG Simon Property Group Financial Report 7th of May 2024 PairCorr
  0.51MDRR Medalist Diversified ReitPairCorr
The ability to find closely correlated positions to Equity Commonwealth 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 Commonwealth 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 Commonwealth - 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 Commonwealth to buy it.
The correlation of Equity Commonwealth 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 Commonwealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equity Commonwealth 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 Commonwealth 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.
Pair CorrelationCorrelation Matching
When determining whether Equity Commonwealth offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Equity Commonwealth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Equity Commonwealth Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Equity Commonwealth Stock:
Check out Equity Commonwealth Correlation, Equity Commonwealth Volatility and Equity Commonwealth Alpha and Beta module to complement your research on Equity Commonwealth.
For information on how to trade Equity Stock refer to our How to Trade Equity Stock guide.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Complementary Tools for Equity Stock analysis

When running Equity Commonwealth's price analysis, check to measure Equity Commonwealth'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 Commonwealth is operating at the current time. Most of Equity Commonwealth's value examination focuses on studying past and present price action to predict the probability of Equity Commonwealth'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 Commonwealth's price. Additionally, you may evaluate how the addition of Equity Commonwealth to your portfolios can decrease your overall portfolio volatility.
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Equity Commonwealth 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.
A focus of Equity Commonwealth technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Equity Commonwealth trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...