Ellington Residential Mortgage Stock Market Value
| EARN Stock | USD 6.76 0.11 1.65% |
| Symbol | Ellington |
Ellington Residential Price To Book Ratio
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.
Ellington 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 Ellington 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 Ellington Residential.
| 08/26/2024 |
| 11/24/2024 |
If you would invest 0.00 in Ellington Residential on August 26, 2024 and sell it all today you would earn a total of 0.00 from holding Ellington Residential Mortgage or generate 0.0% return on investment in Ellington Residential over 90 days. Ellington Residential is related to or competes with Dynex Capital, Orchid Island, ARMOUR Residential, Ready Capital, Ellington Financial, Apollo Commercial, and KKR Real. Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managin... More
Ellington 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 Ellington 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 Ellington Residential Mortgage upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.24 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.92 |
Ellington Residential Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ellington Residential's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ellington Residential's standard deviation. In reality, there are many statistical measures that can use Ellington Residential historical prices to predict the future Ellington Residential's volatility.| Risk Adjusted Performance | 0.0291 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0994 |
Ellington Residential Backtested Returns
As of now, Ellington Stock is not too volatile. Ellington Residential secures Sharpe Ratio (or Efficiency) of 0.0054, which denotes the company had a 0.0054% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ellington Residential Mortgage, which you can use to evaluate the volatility of the firm. Please confirm Ellington Residential's Downside Deviation of 1.11, mean deviation of 0.8524, and Coefficient Of Variation of 2949.26 to check if the risk estimate we provide is consistent with the expected return of 0.0059%. The firm shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Ellington Residential's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ellington Residential is expected to be smaller as well. Ellington Residential right now shows a risk of 1.1%. Please confirm Ellington Residential downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Ellington Residential will be following its price patterns.
Auto-correlation | -0.62 |
Very good reverse predictability
Ellington Residential Mortgage has very good reverse predictability. Overlapping area represents the amount of predictability between Ellington Residential time series from 26th of August 2024 to 10th of October 2024 and 10th of October 2024 to 24th of November 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 Ellington Residential price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Ellington Residential price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Ellington Residential lagged returns against current returns
Autocorrelation, which is Ellington 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 Ellington Residential's stock expected returns. We can calculate the autocorrelation of Ellington Residential returns to help us make a trade decision. For example, suppose you find that Ellington 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 |
Ellington 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 Ellington Residential stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ellington Residential stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ellington Residential stock over time.
Current vs Lagged Prices |
| Timeline |
Ellington Residential Lagged Returns
When evaluating Ellington Residential's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ellington Residential stock have on its future price. Ellington 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, Ellington Residential autocorrelation shows the relationship between Ellington Residential stock current value and its past values and can show if there is a momentum factor associated with investing in Ellington Residential Mortgage.
Regressed Prices |
| Timeline |
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
| 0.58 | LC | LendingClub Corp | PairCorr |
| 0.54 | DIST | Distoken Acquisition | PairCorr |
| 0.52 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.5 | V | Visa Class A | PairCorr |
| 0.5 | MS | Morgan Stanley Sell-off Trend | 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 Correlation, Ellington Residential Volatility and Ellington Residential Alpha and Beta module to complement your research on Ellington Residential. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Ellington 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.