Equity Residential Correlations

EQR
 Stock
  

USD 72.86  0.35  0.48%   

The correlation of Equity Residential is a statistical measure of how it moves in relation to other equities. 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 Equity Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equity 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.
Continue to Investing Opportunities.
  
Refresh
The ability to find closely correlated positions to Equity 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 Equity 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 Equity 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 Equity Residential to buy it.

Moving together with Equity Residential

0.99AIRCApartment Income REITPairCorr
0.89AIVApartment Investment AndPairCorr
0.93AMHAmerican Homes 4PairCorr
1.0AVBAvalonbay CommunitiesPairCorr
0.75BRTBRT Realty TrustPairCorr
0.98CPTCamden Property TrustPairCorr
0.98CSRCenterspacePairCorr
0.87ELSEquity Lifestyle ProPairCorr
0.97ESSEssex Property TrustPairCorr
0.94INVHInvitation HomesPairCorr
0.94IRTIndependence Realty TrustPairCorr
0.99MAAMid-America ApartmentPairCorr
0.92AATAmerican Assets TrustPairCorr
0.66ABRArbor Realty TrustPairCorr
0.9ACRAcres Commercial RealtyPairCorr

Moving against Equity Residential

0.69ACCAmerican Campus CommPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
DDBAC
DDJPM
BACJPM
MSFTBAC
MSFTDD
MSFTJPM
  
High negative correlations   
MSFTT
MSFTPLSQF
BACPLSQF
TBAC
DDPLSQF
DDT

Equity Residential Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Equity Residential stock performing well and Equity Residential company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Equity Residential's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
PLSQF 0.07  0.03  0.00  7.04  0.00  0.53  0.00  0.00  0.00  2.47 
CVX 1.80 (0.03)  0.00 (0.16)  0.00 (0.0062)  0.00  3.06 (4.60)  10.25 
JPM 1.46 (0.12)  0.00 (0.25)  0.00 (0.07)  0.00  2.98 (3.00)  10.78 
BAC 1.50 (0.27)  0.00 (0.38)  0.00 (0.14)  0.00  3.38 (3.49)  9.79 
T 1.29  0.37  0.25  0.44  1.38  0.23 (1.46)  2.99 (2.47)  12.23 
DD 1.60 (0.23)  0.00 (0.31)  0.00 (0.13)  0.00  3.00 (3.87)  9.53 
JNJ 0.94  0.14  0.21  0.15  0.90  0.18 (1.11)  2.23 (1.63)  5.06 
MCD 1.06  0.18  0.16  0.10  1.26  0.15 (1.14)  2.22 (1.98)  7.82 
MSFT 1.90  0.02  0.00 (0.12)  0.00 (0.0134)  0.00  2.97 (4.24)  9.36 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Equity Residential without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Idea Analyzer Now

   

Idea Analyzer

Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
All  Next Launch Module

Equity Residential Corporate Executives

Elected by the shareholders, the Equity Residential's board of directors comprises two types of representatives: Equity Residential inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Equity. The board's role is to monitor Equity Residential's management team and ensure that shareholders' interests are well served. Equity Residential's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Equity Residential's outside directors are responsible for providing unbiased perspectives on the board's policies.
David Santee - COO and Executive VPProfile

Investing Equity Residential

You need to understand the risk of investing before taking a position in Equity Residential. The danger of trading Equity Residential is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Equity Residential is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Equity Residential. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Equity Residential is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Investing Opportunities. Note that the Equity Residential information on this page should be used as a complementary analysis to other Equity Residential's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for Equity Stock analysis

When running Equity Residential price analysis, check to measure Equity Residential'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 Residential is operating at the current time. Most of Equity Residential's value examination focuses on studying past and present price action to predict the probability of Equity Residential's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Equity Residential's price. Additionally, you may evaluate how the addition of Equity Residential to your portfolios can decrease your overall portfolio volatility.
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Is Equity Residential's industry 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 Equity Residential. If investors know Equity 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 Equity 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 YOY
0.22
Market Capitalization
28.6 B
Quarterly Revenue Growth YOY
0.093
Return On Assets
0.0194
Return On Equity
0.13
The market value of Equity Residential is measured differently than its book value, which is the value of Equity that is recorded on the company's balance sheet. Investors also form their own opinion of Equity Residential's value that differs from its market value or its book value, called intrinsic value, which is Equity 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 Equity Residential's market value can be influenced by many factors that don't directly affect Equity 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 Equity Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine Equity Residential value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equity 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.