Equity Residential (Brazil) Market Value
| E1QR34 Stock | BRL 220.82 0.00 0.00% |
| Symbol | Equity |
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.
| 02/07/2023 |
| 12/28/2024 |
If you would invest 0.00 in Equity Residential on February 7, 2023 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 690 days. Equity Residential is related to or competes with AvalonBay Communities, Mid America, Sun Communities, and Essex Property. 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 | 2.02 | |||
| Information Ratio | 0.0338 | |||
| Maximum Drawdown | 19.03 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 1.19 |
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 | 0.0448 | |||
| Jensen Alpha | 0.1067 | |||
| Total Risk Alpha | 0.0355 | |||
| Sortino Ratio | 0.0374 | |||
| Treynor Ratio | (0.24) |
Equity Residential Backtested Returns
At this point, Equity Residential is very steady. Equity Residential secures Sharpe Ratio (or Efficiency) of 0.0783, which denotes the company had a 0.0783% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Equity Residential, which you can use to evaluate the volatility of the firm. Please confirm Equity Residential's Coefficient Of Variation of 2076.53, mean deviation of 0.7956, and Downside Deviation of 2.02 to check if the risk estimate we provide is consistent with the expected return of 0.18%. Equity Residential has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Equity Residential are expected to decrease at a much lower rate. During the bear market, Equity Residential is likely to outperform the market. Equity Residential right now shows a risk of 2.31%. Please confirm Equity Residential sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Equity Residential will be following its price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
Equity Residential has poor reverse predictability. Overlapping area represents the amount of predictability between Equity Residential time series from 7th of February 2023 to 18th of January 2024 and 18th of January 2024 to 28th of December 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 -0.37 indicates that just about 37.0% of current Equity Residential price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 646.91 |
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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Equity Stock
When determining whether Equity Residential is a strong investment it is important to analyze Equity Residential's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Equity Residential's future performance. For an informed investment choice regarding Equity Stock, refer to the following important reports:Check out Equity Residential Correlation, Equity Residential Volatility and Equity Residential Alpha and Beta module to complement your research on Equity Residential. For information on how to trade Equity Stock refer to our How to Trade Equity Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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.