Essex Property (Brazil) Market Value
| E1SS34 Stock | BRL 175.67 4.77 2.64% |
| Symbol | Essex |
Essex Property 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Essex Property's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Essex Property.
| 09/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Essex Property on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding Essex Property Trust or generate 0.0% return on investment in Essex Property over 90 days. Essex Property is related to or competes with Equity Residential, AvalonBay Communities, Mid America, Sun Communities, Apartment Investment. Essex Property Trust, Inc., an SP 500 company, is a fully integrated real estate investment trust that acquires, develop... More
Essex Property Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Essex Property's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Essex Property Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | 0.0017 | |||
| Maximum Drawdown | 10.77 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 3.13 |
Essex Property Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Essex Property's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Essex Property's standard deviation. In reality, there are many statistical measures that can use Essex Property historical prices to predict the future Essex Property's volatility.| Risk Adjusted Performance | 0.0219 | |||
| Jensen Alpha | 0.0235 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 8.0E-4 | |||
| Treynor Ratio | 0.3712 |
Essex Property Trust Backtested Returns
At this point, Essex Property is very steady. Essex Property Trust secures Sharpe Ratio (or Efficiency) of 0.0369, which denotes the company had a 0.0369% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Essex Property Trust, which you can use to evaluate the volatility of the firm. Please confirm Essex Property's Mean Deviation of 0.7668, downside deviation of 3.4, and Coefficient Of Variation of 4751.94 to check if the risk estimate we provide is consistent with the expected return of 0.0619%. Essex Property has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0673, which means not very significant fluctuations relative to the market. As returns on the market increase, Essex Property's returns are expected to increase less than the market. However, during the bear market, the loss of holding Essex Property is expected to be smaller as well. Essex Property Trust right now shows a risk of 1.67%. Please confirm Essex Property Trust treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Essex Property Trust will be following its price patterns.
Auto-correlation | -0.24 |
Weak reverse predictability
Essex Property Trust has weak reverse predictability. Overlapping area represents the amount of predictability between Essex Property time series from 23rd of September 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Essex Property Trust price movement. The serial correlation of -0.24 indicates that over 24.0% of current Essex Property price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 40.32 |
Essex Property Trust lagged returns against current returns
Autocorrelation, which is Essex Property stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Essex Property's stock expected returns. We can calculate the autocorrelation of Essex Property returns to help us make a trade decision. For example, suppose you find that Essex Property has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Essex Property regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Essex Property stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Essex Property stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Essex Property stock over time.
Current vs Lagged Prices |
| Timeline |
Essex Property Lagged Returns
When evaluating Essex Property's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Essex Property stock have on its future price. Essex Property autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Essex Property autocorrelation shows the relationship between Essex Property stock current value and its past values and can show if there is a momentum factor associated with investing in Essex Property Trust.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Essex Stock
When determining whether Essex Property Trust is a strong investment it is important to analyze Essex Property's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Essex Property's future performance. For an informed investment choice regarding Essex Stock, refer to the following important reports:Check out Essex Property Correlation, Essex Property Volatility and Essex Property Alpha and Beta module to complement your research on Essex Property. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Essex Property technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.