Essex Property Correlations
| E1SS34 Stock | BRL 175.67 4.77 2.64% |
The current 90-days correlation between Essex Property Trust and AvalonBay Communities is 0.19 (i.e., Average diversification). The correlation of Essex Property 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Essex Property Correlation With Market
Good diversification
The correlation between Essex Property Trust and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Essex Property Trust and DJI in the same portfolio, assuming nothing else is changed.
Essex |
The ability to find closely correlated positions to Essex Property could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Essex Property 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 Essex Property - 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 Essex Property Trust to buy it.
Moving together with Essex Stock
| 0.61 | E1QR34 | Equity Residential | PairCorr |
| 0.88 | A1VB34 | AvalonBay Communities | PairCorr |
| 0.83 | A1IV34 | Apartment Investment and | PairCorr |
| 0.78 | N1OW34 | ServiceNow | PairCorr |
| 0.82 | NFLX34 | Netflix | PairCorr |
| 0.77 | E1OG34 | EOG Resources | PairCorr |
| 0.8 | CAON34 | Capital One Financial | PairCorr |
| 0.73 | AAPL34 | Apple Inc | PairCorr |
| 0.84 | COWC34 | Costco Wholesale | PairCorr |
| 0.76 | SSFO34 | salesforce inc | PairCorr |
| 0.69 | MSBR34 | Morgan Stanley | PairCorr |
| 0.74 | TSLA34 | Tesla Inc | PairCorr |
| 0.84 | MRFG3 | Marfrig Global Foods | PairCorr |
| 0.82 | WALM34 | Walmart | PairCorr |
| 0.83 | CTKA3 | Karsten SA | PairCorr |
| 0.78 | A1TM34 | A1TM34 | PairCorr |
| 0.8 | S1MF34 | Sumitomo Mitsui Financial | PairCorr |
| 0.7 | GGBR3 | Gerdau SA | PairCorr |
| 0.78 | MSFT34 | Microsoft | PairCorr |
| 0.63 | A1VY34 | A1VY34 | PairCorr |
| 0.76 | AMZO34 | Amazon Inc | PairCorr |
| 0.74 | JBSS3 | JBS SA | PairCorr |
Moving against Essex Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Essex Stock performing well and Essex Property Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Essex Property's multiple risk-adjusted performance indicators across the competitive landscape. 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 | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| A1VB34 | 1.20 | 0.10 | 0.04 | 0.84 | 1.48 | 3.34 | 10.06 | |||
| S2UI34 | 1.59 | (0.03) | 0.00 | 0.22 | 0.00 | 3.15 | 10.83 | |||
| E1SS34 | 0.77 | 0.03 | 0.00 | (0.31) | 1.40 | 3.13 | 10.77 | |||
| A1IV34 | 1.09 | 0.01 | (0.01) | (0.26) | 1.45 | 2.37 | 10.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Essex Property without increasing your portfolio risk or giving up the 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?
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Essex Property Corporate Management
Elected by the shareholders, the Essex Property's board of directors comprises two types of representatives: Essex Property inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Essex. The board's role is to monitor Essex Property's management team and ensure that shareholders' interests are well served. Essex Property'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, Essex Property's outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Farias | VP Officer | Profile | |
| Sudarshana Rangachary | VP HR | Profile | |
| Anne Morrison | Sec VP | Profile | |
| Jeff Lambert | VP Devel | Profile | |
| Adam Berry | Ex Officer | Profile |