ELS Stock | | | USD 66.61 0.43 0.65% |
Equity Lifestyle financial indicator trend analysis is much more than just examining Equity Lifestyle Pro latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equity Lifestyle Pro is a good investment. Please check the relationship between Equity Lifestyle Change Receivables and its Capital Expenditures accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Lifestyle Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Change Receivables vs Capital Expenditures
Change Receivables vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Equity Lifestyle Pro Change Receivables account and
Capital Expenditures. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Equity Lifestyle's Change Receivables and Capital Expenditures is -0.56. Overlapping area represents the amount of variation of Change Receivables that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Equity Lifestyle Properties, assuming nothing else is changed. The correlation between historical values of Equity Lifestyle's Change Receivables and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change Receivables of Equity Lifestyle Properties are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change Receivables i.e., Equity Lifestyle's Change Receivables and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.56 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Change Receivables
The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.
Capital Expenditures
Capital Expenditures are funds used by Equity Lifestyle Pro to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Equity Lifestyle operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Equity Lifestyle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equity Lifestyle Pro 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. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Lifestyle Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, Equity Lifestyle's
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 8.6
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Equity Lifestyle fundamental ratios Correlations
Click cells to compare fundamentals
Equity Lifestyle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equity Lifestyle fundamental ratios Accounts
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Additional Tools for Equity Stock Analysis
When running Equity Lifestyle's price analysis, check to
measure Equity Lifestyle'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 Lifestyle is operating at the current time. Most of Equity Lifestyle's value examination focuses on studying past and present price action to
predict the probability of Equity Lifestyle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equity Lifestyle's price. Additionally, you may evaluate how the addition of Equity Lifestyle to your portfolios can decrease your overall portfolio volatility.