Ellington Residential Mortgage Stock Beta
| EARN Stock | USD 6.65 0.08 1.22% |
Ellington Residential Mortgage fundamentals help investors to digest information that contributes to Ellington Residential's financial success or failures. It also enables traders to predict the movement of Ellington Stock. The fundamental analysis module provides a way to measure Ellington Residential's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ellington Residential stock.
Ellington | Beta |
Ellington Residential Mortgage Company Beta Analysis
Ellington Residential's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Ellington Residential Beta | 1.91 |
Most of Ellington Residential's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ellington Residential Mortgage is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Ellington Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Ellington Residential is extremely important. It helps to project a fair market value of Ellington Stock properly, considering its historical fundamentals such as Beta. Since Ellington Residential's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ellington Residential's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ellington Residential's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Ellington Residential Mortgage has a Beta of 1.905. This is 164.58% higher than that of the Mortgage Real Estate Investment Trusts (REITs) sector and significantly higher than that of the Financials industry. The beta for all United States stocks is notably lower than that of the firm.
Ellington Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ellington Residential's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ellington Residential could also be used in its relative valuation, which is a method of valuing Ellington Residential by comparing valuation metrics of similar companies.Ellington Residential is currently under evaluation in beta category among its peers.
Ellington Residential Current Valuation Drivers
We derive many important indicators used in calculating different scores of Ellington Residential from analyzing Ellington Residential's financial statements. These drivers represent accounts that assess Ellington Residential's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ellington Residential's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 135.2M | 161.1M | 131.8M | 90.3M | 91.2M | 92.9M | |
| Enterprise Value | 1.4B | 1.1B | 1.1B | 897.9M | 782.2M | 663.1M |
Ellington Residential ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Ellington Residential's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Ellington Residential's managers, analysts, and investors.Environmental | Governance | Social |
Ellington Residential Institutional Holders
Institutional Holdings refers to the ownership stake in Ellington Residential that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ellington Residential's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ellington Residential's value.| Shares | State Street Corp | 2024-06-30 | 68.1 K | International Assets Investment Management, Llc | 2024-09-30 | 67 K | Envestnet Asset Management Inc | 2024-06-30 | 61.2 K | Northern Trust Corp | 2024-09-30 | 60.5 K | Millennium Management Llc | 2024-06-30 | 41.8 K | Jane Street Group Llc | 2024-06-30 | 39.4 K | Royal Bank Of Canada | 2024-06-30 | 32.1 K | T. Rowe Price Associates, Inc. | 2024-06-30 | 27.6 K | Deprince Race & Zollo Inc | 2024-06-30 | 26.6 K | Vanguard Group Inc | 2024-09-30 | 933.7 K | Renaissance Technologies Corp | 2024-09-30 | 905.4 K |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ellington Residential will likely underperform.
Ellington Fundamentals
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.0232 | ||||
| Operating Margin | 0.43 % | ||||
| Current Valuation | 606.66 M | ||||
| Shares Outstanding | 28.8 M | ||||
| Shares Owned By Insiders | 1.58 % | ||||
| Shares Owned By Institutions | 23.80 % | ||||
| Number Of Shares Shorted | 535.36 K | ||||
| Price To Earning | 2.40 X | ||||
| Price To Book | 0.99 X | ||||
| Price To Sales | 8.92 X | ||||
| Revenue | (2.71 M) | ||||
| Gross Profit | 84.58 M | ||||
| EBITDA | 49.81 M | ||||
| Net Income | 4.56 M | ||||
| Cash And Equivalents | 83 M | ||||
| Cash Per Share | 6.35 X | ||||
| Total Debt | 729.54 M | ||||
| Debt To Equity | 8.04 % | ||||
| Current Ratio | 0.17 X | ||||
| Book Value Per Share | 6.85 X | ||||
| Cash Flow From Operations | (10.02 M) | ||||
| Short Ratio | 1.42 X | ||||
| Earnings Per Share | 1.25 X | ||||
| Price To Earnings To Growth | (1.79) X | ||||
| Target Price | 7.25 | ||||
| Beta | 1.91 | ||||
| Market Capitalization | 189.22 M | ||||
| Total Asset | 945.69 M | ||||
| Retained Earnings | (138.65 M) | ||||
| Working Capital | (1.19 B) | ||||
| Current Asset | 131.7 M | ||||
| Current Liabilities | 1.32 B | ||||
| Annual Yield | 0.15 % | ||||
| Five Year Return | 12.31 % | ||||
| Net Asset | 945.69 M | ||||
| Last Dividend Paid | 0.96 |
About Ellington Residential Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ellington Residential Mortgage's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ellington Residential using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ellington Residential Mortgage based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Ellington 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 Ellington 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 Ellington Residential will appreciate offsetting losses from the drop in the long position's value.Moving against Ellington Stock
| 0.62 | LC | LendingClub Corp | PairCorr |
| 0.57 | DIST | Distoken Acquisition | PairCorr |
| 0.56 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.52 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
| 0.5 | V | Visa Class A | PairCorr |
The ability to find closely correlated positions to Ellington 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 Ellington 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 Ellington 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 Ellington Residential Mortgage to buy it.
The correlation of Ellington 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 Ellington Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ellington 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 Ellington 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 Ellington Residential Piotroski F Score and Ellington Residential Altman Z Score analysis. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Mortgage Real Estate Investment Trusts (REITs) space 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 Ellington Residential. If investors know Ellington 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 Ellington 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 0.185 | Dividend Share 0.96 | Earnings Share 1.25 | Revenue Per Share (0.92) | Quarterly Revenue Growth (0.78) |
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington 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 Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington 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 Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington 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.