Equity Residential Stock Market Value
| EQR Stock | USD 64.61 1.52 2.41% |
| Symbol | Equity |
Equity Residential Price To Book Ratio
Is Equity Residential'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 Residential. 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 Residential 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 0.957 | Dividend Share 2.65 | Earnings Share 2.13 | Revenue Per Share 7.588 | Quarterly Revenue Growth 0.04 |
The market value of Equity Residential 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 Residential's value that differs from its market value or its book value, called intrinsic value, which is Equity Residential'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 Residential's market value can be influenced by many factors that don't directly affect Equity Residential'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 Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equity Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equity Residential'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 Residential '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 Residential'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 Residential.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Equity Residential on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Equity Residential or generate 0.0% return on investment in Equity Residential over 30 days. Equity Residential is related to or competes with Essex Property, Mid America, Camden Property, UDR, AvalonBay Communities, and Nexpoint Residential. Equity Residential is committed to creating communities where people thrive More
Equity Residential 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 Residential'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 Residential upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.12 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 2.14 |
Equity Residential Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equity Residential's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equity Residential's standard deviation. In reality, there are many statistical measures that can use Equity Residential historical prices to predict the future Equity Residential's volatility.| Risk Adjusted Performance | 0.0378 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0512 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equity Residential'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 Residential Backtested Returns
We consider Equity Residential very steady. Equity Residential secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Equity Residential, which you can use to evaluate the volatility of the firm. Please confirm Equity Residential's Mean Deviation of 1.14, downside deviation of 1.41, and Coefficient Of Variation of 1929.17 to check if the risk estimate we provide is consistent with the expected return of 0.15%. Equity Residential has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.2, 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, Equity Residential will likely underperform. Equity Residential right now shows a risk of 1.43%. Please confirm Equity Residential potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Equity Residential will be following its price patterns.
Auto-correlation | 0.64 |
Good predictability
Equity Residential has good predictability. Overlapping area represents the amount of predictability between Equity Residential time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Residential price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Equity Residential price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1.89 |
Equity Residential lagged returns against current returns
Autocorrelation, which is Equity Residential 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 Residential's stock expected returns. We can calculate the autocorrelation of Equity Residential returns to help us make a trade decision. For example, suppose you find that Equity Residential 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 Residential 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 Residential stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equity Residential stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equity Residential stock over time.
Current vs Lagged Prices |
| Timeline |
Equity Residential Lagged Returns
When evaluating Equity Residential's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equity Residential stock have on its future price. Equity Residential 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 Residential autocorrelation shows the relationship between Equity Residential stock current value and its past values and can show if there is a momentum factor associated with investing in Equity Residential.
Regressed Prices |
| Timeline |
Pair Trading with Equity Residential
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 Residential 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 Residential will appreciate offsetting losses from the drop in the long position's value.Moving against Equity Stock
| 0.63 | KW | Kennedy Wilson Holdings Financial Report 1st of May 2024 | PairCorr |
| 0.51 | HR | Healthcare Realty Trust Financial Report 14th of May 2024 | PairCorr |
| 0.46 | ADC-PA | Agree Realty | PairCorr |
| 0.41 | UE | Urban Edge Properties Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Equity Residential 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 Residential 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 Residential - 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 Residential to buy it.
The correlation of Equity Residential 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 Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equity Residential 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 Residential 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 Residential Correlation, Equity Residential Volatility and Equity Residential Alpha and Beta module to complement your research on Equity Residential. To learn how to invest in Equity Stock, please use our How to Invest in Equity Residential guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Equity Stock analysis
When running Equity Residential's price analysis, check to measure Equity Residential'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 Residential is operating at the current time. Most of Equity Residential's value examination focuses on studying past and present price action to predict the probability of Equity Residential'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 Residential's price. Additionally, you may evaluate how the addition of Equity Residential to your portfolios can decrease your overall portfolio volatility.
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Equity Residential 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.