Equity Total Liabilities vs Return on Average Assets Analysis

EQR -  USA Stock  

USD 71.82  0.22  0.31%

Equity Residential financial indicator trend analysis is much more than just examining Equity Residential latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equity Residential is a good investment. Please check the relationship between Equity Residential Total Liabilities and its Return on Average Assets accounts. Continue to Investing Opportunities.

Total Liabilities vs Return on Average Assets

Total Liabilities vs Return on Average Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equity Residential Total Liabilities account and Return on Average Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Equity Residential's Total Liabilities and Return on Average Assets is -0.13. Overlapping area represents the amount of variation of Total Liabilities that can explain the historical movement of Return on Average Assets in the same time period over historical financial statements of Equity Residential, assuming nothing else is changed. The correlation between historical values of Equity Residential's Total Liabilities and Return on Average Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liabilities of Equity Residential are associated (or correlated) with its Return on Average Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Return on Average Assets has no effect on the direction of Total Liabilities i.e., Equity Residential's Total Liabilities and Return on Average Assets go up and down completely randomly.

Correlation Coefficient

-0.13
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Liabilities

Deferred Income Tax is recorded on Equity Residential balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Equity Residential books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.

Return on Average Assets

Return on assets measures how profitable a company is Net Income Common Stock relative to its total assets [AssetsAvg].
Most indicators from Equity Residential fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equity Residential current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Investing Opportunities.Equity Residential Selling General and Administrative Expense is relatively stable at the moment as compared to the past year. Equity Residential reported last year Selling General and Administrative Expense of 56.51 Million. As of 06/25/2022, Issuance Purchase of Equity Shares is likely to grow to about 131.9 M, while Net Cash Flow Business Acquisitions and Disposals is likely to drop (84.5 M).
 2019 2020 2021 2022 (projected)
Consolidated Income1.01 B962.5 M1.4 B1.29 B
Direct Expenses908.33 M916.38 M948.79 M856.92 M

Equity Residential fundamental ratios Correlations

Equity Residential Account Relationship Matchups

Equity Residential fundamental ratios Accounts

201720182019202020212022 (projected)
Accounts Payable114.77 M102.47 M94.35 M107.37 M107.01 M100.04 M
Accumulated Other Comprehensive Income(88.61 M)(64.99 M)(77.56 M)(43.67 M)(34.27 M)(36.98 M)
Total Assets20.57 B20.39 B21.17 B20.29 B21.17 B23.09 B
Current Assets100.76 M116.31 M117 M99.73 M360.24 M361.95 M
Cash and Equivalents100.76 M116.31 M117 M99.73 M360.24 M388.68 M
Cash and Equivalents USD100.76 M116.31 M117 M99.73 M360.24 M388.68 M
Total Debt8.96 B8.82 B9.37 B8.37 B8.65 B8.53 B
Total Debt USD8.96 B8.82 B9.37 B8.37 B8.65 B8.53 B
Deposit Liabilities65.01 M67.26 M70.06 M60.48 M66.14 M63.47 M
Shareholders Equity10.24 B10.17 B10.32 B10.53 B10.95 B11.38 B
Shareholders Equity USD10.24 B10.17 B10.32 B10.53 B10.95 B11.38 B
Investments58.25 M58.35 M52.24 M52.78 M127.45 M108.73 M
Total Liabilities9.73 B9.62 B10.16 B9.18 B9.48 B9.31 B
Current Liabilities430.64 M438.95 M449.59 M466 M476.17 M441.94 M
Trade and Non Trade Payables307.59 M309.07 M312.68 M339.63 M340.51 M366.75 M
Property Plant and Equipment Net19.99 B19.81 B20.77 B19.84 B20.39 B22.29 B
Accumulated Retained Earnings Deficit1.4 B1.26 B1.39 B1.4 B1.83 B1.82 B

Equity Residential Investors Sentiment

The influence of Equity Residential's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Equity. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Equity Residential Implied Volatility

    
  21.62  
Equity Residential's implied volatility exposes the market's sentiment of Equity Residential stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Equity Residential's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Equity Residential stock will not fluctuate a lot when Equity Residential's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Equity Residential in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Equity Residential's short interest history, or implied volatility extrapolated from Equity Residential options trading.

Current Sentiment - EQR

Equity Residential Investor Sentiment

Greater number of Macroaxis users are currently bullish on Equity Residential. What is your opinion about investing in Equity Residential? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Equity 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 Equity 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 Equity Residential will appreciate offsetting losses from the drop in the long position's value.

Equity Residential Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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.
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.
Correlation analysis and pair trading evaluation for Equity 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.
Pair CorrelationCorrelation Matching
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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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.
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
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
28.3 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.