Elme Competitors
| ELME Stock | USD 2.15 0.01 0.46% |
Elme Communities vs Ellington Financial Correlation
Very good diversification
The correlation between Elme Communities and EFC is -0.46 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elme Communities and EFC in the same portfolio, assuming nothing else is changed.
Moving against Elme Stock
| 0.8 | HBM | Hudbay Minerals | PairCorr |
| 0.79 | URG | Ur Energy | PairCorr |
| 0.78 | SHERF | Sherritt International | PairCorr |
| 0.76 | ABEV | Ambev SA ADR Aggressive Push | PairCorr |
| 0.71 | ALTG | Alta Equipment Group | PairCorr |
Elme Communities Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Elme Communities and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Elme and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Elme Communities does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Elme Stock performing well and Elme Communities Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Elme Communities' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PGRE | 0.15 | 0.01 | (0.21) | 0.45 | 0.08 | 0.31 | 0.92 | |||
| ARR | 0.99 | 0.29 | 0.20 | (3.62) | 0.88 | 2.17 | 6.26 | |||
| JBGS | 1.22 | (0.38) | 0.00 | (0.73) | 0.00 | 1.97 | 6.30 | |||
| EPR | 0.99 | 0.02 | (0.01) | 0.21 | 1.61 | 2.03 | 6.05 | |||
| TRTX | 0.86 | 0.07 | 0.04 | 0.15 | 1.03 | 1.54 | 6.00 | |||
| IIPR | 1.87 | (0.09) | 0.00 | (0.06) | 0.00 | 4.46 | 14.66 | |||
| UNIT | 2.28 | 0.37 | 0.12 | 0.79 | 2.44 | 5.21 | 16.92 | |||
| PDM | 1.31 | (0.04) | (0.03) | (0.01) | 1.80 | 2.42 | 7.58 | |||
| GTY | 0.89 | 0.09 | 0.04 | 2.48 | 0.91 | 1.93 | 4.47 | |||
| EFC | 0.75 | 0.04 | 0.01 | 0.14 | 1.06 | 1.27 | 8.52 |
Cross Equities Net Income Analysis
Compare Elme Communities and related stocks such as Paramount Group, ARMOUR Residential REIT, and JBG SMITH Properties Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ARR | 867.3 K | (9.4 M) | 220.3 M | (201.3 M) | (194.7 M) | (46.8 M) | (61.1 M) | 165.3 M | (123 M) | (265.5 M) | (224.9 M) | 3.9 M | (229.9 M) | (67.9 M) | (14.4 M) | (13 M) | (13.6 M) |
| JBGS | 88.7 M | 88.7 M | 88.7 M | 88.7 M | 81.3 M | 46.3 M | 62 M | (71.8 M) | 39.9 M | 65.6 M | (62.3 M) | (79.3 M) | 85.4 M | (80 M) | (143.5 M) | (129.2 M) | (122.7 M) |
| EPR | 1.4 M | 115.2 M | 121.6 M | 180.2 M | 179.6 M | 194.5 M | 225 M | 263 M | 267 M | 154.6 M | (131.7 M) | 98.6 M | 176.2 M | 173 M | 146.1 M | 168 M | 113.4 M |
| TRTX | (8.2 M) | (8.2 M) | (8.2 M) | (8.2 M) | (8.2 M) | 59.4 M | 70 M | 94.4 M | 106.9 M | 126.3 M | (136.8 M) | 138.6 M | (60.1 M) | (116.6 M) | 74.3 M | 66.9 M | 70.2 M |
| IIPR | 5 M | 5 M | 5 M | 5 M | 5 M | 5 M | (4.4 M) | (72 K) | 7 M | 23.5 M | 65.7 M | 114 M | 154.4 M | 165.6 M | 161.7 M | 185.9 M | 195.2 M |
| UNIT | 24.5 M | 24.5 M | 24.5 M | 16.5 M | 12.3 M | 24.9 M | (212 K) | (9.4 M) | 16.2 M | 10.6 M | (706.3 M) | 123.7 M | (8.3 M) | (81.7 M) | 93.4 M | 84.1 M | 88.3 M |
| PDM | 59.9 M | 225 M | 93.2 M | 98.7 M | 43.3 M | 173 M | 107.9 M | 133.6 M | 130.3 M | 229.3 M | 232.7 M | (1.2 M) | 146.8 M | (48.4 M) | (79.1 M) | (71.2 M) | (67.6 M) |
| GTY | 11.5 M | 12.5 M | 12.4 M | 70 M | 23.4 M | 37.4 M | 38.4 M | 47.2 M | 47.7 M | 49.7 M | 69.4 M | 62.9 M | 90 M | 60.2 M | 71.1 M | 81.7 M | 85.8 M |
| EFC | (2.4 M) | 10.3 M | 97.1 M | 78.5 M | 59.2 M | 38.1 M | (16 M) | 6.2 M | 46.7 M | 57.9 M | (9.6 M) | 82.5 M | (70 M) | 84.1 M | 145.9 M | 167.7 M | 176.1 M |
Elme Communities and related stocks such as Paramount Group, ARMOUR Residential REIT, and JBG SMITH Properties Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Elme Communities financial statement analysis. It represents the amount of money remaining after all of Elme Communities operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Elme Communities Competitive Analysis
The better you understand Elme Communities competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Elme Communities' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Elme Communities' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Elme Communities Competition Performance Charts
Five steps to successful analysis of Elme Communities Competition
Elme Communities' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Elme Communities in relation to its competition. Elme Communities' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Elme Communities in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Elme Communities' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Elme Communities, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Elme Communities Correlation with its peers. For information on how to trade Elme Stock refer to our How to Trade Elme Stock guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Will Multi-Family Residential REITs sector continue expanding? Could Elme diversify its offerings? Factors like these will boost the valuation of Elme Communities. Projected growth potential of Elme fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Elme Communities data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Dividend Share 0.72 | Earnings Share (1.53) | Revenue Per Share | Quarterly Revenue Growth 0.017 | Return On Assets |
Elme Communities's market price often diverges from its book value, the accounting figure shown on Elme's balance sheet. Smart investors calculate Elme Communities' intrinsic value—its true economic worth—which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Elme Communities' trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between Elme Communities' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Elme Communities should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Elme Communities' 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.