ELS Stock | | | USD 71.37 0.26 0.37% |
Equity Lifestyle financial indicator trend analysis is much more than just examining Equity Lifestyle Pro latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equity Lifestyle Pro is a good investment. Please check the relationship between Equity Lifestyle Total Current Assets and its Gross Profit Margin accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Lifestyle Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Total Current Assets vs Gross Profit Margin
Total Current Assets vs Gross Profit Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Equity Lifestyle Pro Total Current Assets account and
Gross Profit Margin. At this time, the significance of the direction appears to have no relationship.
The correlation between Equity Lifestyle's Total Current Assets and Gross Profit Margin is 0.05. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Equity Lifestyle Properties, assuming nothing else is changed. The correlation between historical values of Equity Lifestyle's Total Current Assets and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Equity Lifestyle Properties are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Total Current Assets i.e., Equity Lifestyle's Total Current Assets and Gross Profit Margin go up and down completely randomly.
Correlation Coefficient | 0.05 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Gross Profit Margin
Most indicators from Equity Lifestyle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equity Lifestyle Pro current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Lifestyle Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, Equity Lifestyle's
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 8.6
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 628.2M | 700.7M | 672.5M | 369.1M | Total Revenue | 1.3B | 1.4B | 1.4B | 1.5B |
Equity Lifestyle fundamental ratios Correlations
Click cells to compare fundamentals
Equity Lifestyle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equity Lifestyle fundamental ratios Accounts
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Additional Tools for Equity Stock Analysis
When running Equity Lifestyle's price analysis, check to
measure Equity Lifestyle'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 Lifestyle is operating at the current time. Most of Equity Lifestyle's value examination focuses on studying past and present price action to
predict the probability of Equity Lifestyle'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 Lifestyle's price. Additionally, you may evaluate how the addition of Equity Lifestyle to your portfolios can decrease your overall portfolio volatility.