Rexford Industrial Realty Stock Market Value
| REXR Stock | USD 42.08 0.11 0.26% |
| Symbol | Rexford |
Rexford Industrial Realty Price To Book Ratio
Is Diversified 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 Rexford Industrial. If investors know Rexford 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 Rexford Industrial 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 0.102 | Dividend Share 1.633 | Earnings Share 1.23 | Revenue Per Share 4.201 | Quarterly Revenue Growth 0.177 |
The market value of Rexford Industrial Realty is measured differently than its book value, which is the value of Rexford that is recorded on the company's balance sheet. Investors also form their own opinion of Rexford Industrial's value that differs from its market value or its book value, called intrinsic value, which is Rexford Industrial'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 Rexford Industrial's market value can be influenced by many factors that don't directly affect Rexford Industrial'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 Rexford Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rexford Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rexford Industrial'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.
Rexford Industrial '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 Rexford Industrial'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 Rexford Industrial.
| 05/05/2023 |
| 11/25/2024 |
If you would invest 0.00 in Rexford Industrial on May 5, 2023 and sell it all today you would earn a total of 0.00 from holding Rexford Industrial Realty or generate 0.0% return on investment in Rexford Industrial over 570 days. Rexford Industrial is related to or competes with Plymouth Industrial, EastGroup Properties, LXP Industrial, Terreno Realty, First Industrial, and Americold Realty. Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Sout... More
Rexford Industrial 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 Rexford Industrial'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 Rexford Industrial Realty upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 12.54 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 2.08 |
Rexford Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rexford Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rexford Industrial's standard deviation. In reality, there are many statistical measures that can use Rexford Industrial historical prices to predict the future Rexford Industrial's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.83) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rexford Industrial'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.
Rexford Industrial Realty Backtested Returns
Rexford Industrial Realty maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the firm had a -0.17% return per unit of risk over the last 3 months. Rexford Industrial Realty exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rexford Industrial's Coefficient Of Variation of (676.99), risk adjusted performance of (0.11), and Variance of 3.29 to confirm the risk estimate we provide. The company holds a Beta of 0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rexford Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rexford Industrial is expected to be smaller as well. At this point, Rexford Industrial Realty has a negative expected return of -0.31%. Please make sure to check Rexford Industrial's potential upside and day median price , to decide if Rexford Industrial Realty performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Rexford Industrial Realty has weak reverse predictability. Overlapping area represents the amount of predictability between Rexford Industrial time series from 5th of May 2023 to 14th of February 2024 and 14th of February 2024 to 25th 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 Rexford Industrial Realty price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Rexford Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 10.16 |
Rexford Industrial Realty lagged returns against current returns
Autocorrelation, which is Rexford Industrial 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 Rexford Industrial's stock expected returns. We can calculate the autocorrelation of Rexford Industrial returns to help us make a trade decision. For example, suppose you find that Rexford Industrial 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 |
Rexford Industrial 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 Rexford Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rexford Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rexford Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Rexford Industrial Lagged Returns
When evaluating Rexford Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rexford Industrial stock have on its future price. Rexford Industrial 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, Rexford Industrial autocorrelation shows the relationship between Rexford Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Rexford Industrial Realty.
Regressed Prices |
| Timeline |
Pair Trading with Rexford Industrial
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 Rexford Industrial 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 Rexford Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Rexford Stock
Moving against Rexford Stock
| 0.87 | UE | Urban Edge Properties | PairCorr |
| 0.86 | SKT | Tanger Factory Outlet | PairCorr |
| 0.82 | SPG | Simon Property Group | PairCorr |
| 0.77 | KIM | Kimco Realty | PairCorr |
| 0.75 | IVT | Inventrust Properties | PairCorr |
The ability to find closely correlated positions to Rexford Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rexford Industrial 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 Rexford Industrial - 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 Rexford Industrial Realty to buy it.
The correlation of Rexford Industrial 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 Rexford Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rexford Industrial Realty 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 Rexford Industrial 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.Additional Tools for Rexford Stock Analysis
When running Rexford Industrial's price analysis, check to measure Rexford Industrial'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 Rexford Industrial is operating at the current time. Most of Rexford Industrial's value examination focuses on studying past and present price action to predict the probability of Rexford Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rexford Industrial's price. Additionally, you may evaluate how the addition of Rexford Industrial to your portfolios can decrease your overall portfolio volatility.