ELS Stock | | | USD 71.33 0.76 1.05% |
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 Ptb Ratio and its Net Income 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.
Ptb Ratio vs Net Income
Ptb Ratio vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Equity Lifestyle Pro Ptb Ratio account and
Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Equity Lifestyle's Ptb Ratio and Net Income is 0.78. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Net Income 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 Ptb Ratio and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Equity Lifestyle Properties are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Ptb Ratio i.e., Equity Lifestyle's Ptb Ratio and Net Income go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Equity Lifestyle Pro financial statement analysis. It represents the amount of money remaining after all of Equity Lifestyle Properties operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
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.