Essex Property Trust Stock Market Value
| ESS Stock | USD 309.60 4.07 1.33% |
| Symbol | Essex |
Essex Property Trust Price To Book Ratio
Is Multi-Family Residential 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 Essex Property. If investors know Essex 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 Essex Property 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 0.353 | Dividend Share 9.66 | Earnings Share 8.55 | Revenue Per Share 27.293 | Quarterly Revenue Growth 0.076 |
The market value of Essex Property Trust is measured differently than its book value, which is the value of Essex that is recorded on the company's balance sheet. Investors also form their own opinion of Essex Property's value that differs from its market value or its book value, called intrinsic value, which is Essex Property'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 Essex Property's market value can be influenced by many factors that don't directly affect Essex Property'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 Essex Property's value and its price as these two are different measures arrived at by different means. Investors typically determine if Essex Property is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essex Property'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.
Essex Property '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 Essex Property'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 Essex Property.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Essex Property on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Essex Property Trust or generate 0.0% return on investment in Essex Property over 510 days. Essex Property is related to or competes with Equity Residential, Mid America, Camden Property, UDR, AvalonBay Communities, and Nexpoint Residential. Essex Property Trust, Inc., an SP 500 company, is a fully integrated real estate investment trust that acquires, develop... More
Essex Property 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 Essex Property'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 Essex Property Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.2 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 2.24 |
Essex Property Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Essex Property's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Essex Property's standard deviation. In reality, there are many statistical measures that can use Essex Property historical prices to predict the future Essex Property's volatility.| Risk Adjusted Performance | 0.0555 | |||
| Jensen Alpha | 0.0111 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1381 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Essex Property's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Essex Property Trust Backtested Returns
Currently, Essex Property Trust is very steady. Essex Property Trust secures Sharpe Ratio (or Efficiency) of 0.0681, which denotes the company had a 0.0681% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Essex Property Trust, which you can use to evaluate the volatility of the firm. Please confirm Essex Property's Mean Deviation of 0.9968, downside deviation of 1.44, and Coefficient Of Variation of 1492.46 to check if the risk estimate we provide is consistent with the expected return of 0.0917%. Essex Property has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.57, which means possible diversification benefits within a given portfolio. As returns on the market increase, Essex Property's returns are expected to increase less than the market. However, during the bear market, the loss of holding Essex Property is expected to be smaller as well. Essex Property Trust right now shows a risk of 1.35%. Please confirm Essex Property Trust value at risk, as well as the relationship between the skewness and day median price , to decide if Essex Property Trust will be following its price patterns.
Auto-correlation | 0.12 |
Insignificant predictability
Essex Property Trust has insignificant predictability. Overlapping area represents the amount of predictability between Essex Property time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Essex Property Trust price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Essex Property price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 564.07 |
Essex Property Trust lagged returns against current returns
Autocorrelation, which is Essex Property 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 Essex Property's stock expected returns. We can calculate the autocorrelation of Essex Property returns to help us make a trade decision. For example, suppose you find that Essex Property 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 |
Essex Property 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 Essex Property stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Essex Property stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Essex Property stock over time.
Current vs Lagged Prices |
| Timeline |
Essex Property Lagged Returns
When evaluating Essex Property's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Essex Property stock have on its future price. Essex Property 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, Essex Property autocorrelation shows the relationship between Essex Property stock current value and its past values and can show if there is a momentum factor associated with investing in Essex Property Trust.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Essex Stock Analysis
When running Essex Property's price analysis, check to measure Essex Property'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 Essex Property is operating at the current time. Most of Essex Property's value examination focuses on studying past and present price action to predict the probability of Essex Property's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Essex Property's price. Additionally, you may evaluate how the addition of Essex Property to your portfolios can decrease your overall portfolio volatility.