Essex Total Revenue vs Net Receivables Analysis
ESS Stock | USD 259.79 4.19 1.64% |
Essex Property financial indicator trend analysis is much more than just examining Essex Property Trust latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Essex Property Trust is a good investment. Please check the relationship between Essex Property Total Revenue and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Essex Property Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Total Revenue vs Net Receivables
Total Revenue vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Essex Property Trust Total Revenue account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Essex Property's Total Revenue and Net Receivables is 0.57. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Essex Property Trust, assuming nothing else is changed. The correlation between historical values of Essex Property's Total Revenue and Net Receivables 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 Revenue of Essex Property Trust are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Revenue i.e., Essex Property's Total Revenue and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Revenue
Total revenue comprises all receipts Essex Property Trust generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Net Receivables
Most indicators from Essex Property's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Essex Property Trust 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 Essex Property Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Essex Property's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 22.9 B in 2024, whereas Selling General Administrative is likely to drop slightly above 32.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 959.1M | 1.1B | 639.3M | 500.7M | Total Revenue | 1.4B | 1.6B | 1.7B | 1.8B |
Essex Property fundamental ratios Correlations
Click cells to compare fundamentals
Essex Property Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Essex Property fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 12.7B | 12.9B | 13.0B | 12.4B | 12.4B | 13.0B | |
Short Long Term Debt Total | 5.9B | 6.3B | 6.4B | 6.0B | 6.3B | 6.6B | |
Other Current Liab | (161.9M) | (176.8M) | (183.2M) | (167.2M) | (403.1M) | (383.0M) | |
Total Current Liabilities | 55M | 182.7M | 341.3M | 52.1M | 352.8M | 213.4M | |
Total Stockholder Equity | 6.2B | 6.0B | 6.0B | 5.7B | 5.4B | 2.8B | |
Net Debt | 5.8B | 6.2B | 6.3B | 6.0B | 5.9B | 2.9B | |
Retained Earnings | (887.6M) | (861.2M) | (916.8M) | (1.1B) | (1.3B) | (1.2B) | |
Non Current Assets Total | 12.3B | 12.5B | 12.4B | 12.1B | 11.7B | 12.3B | |
Non Currrent Assets Other | 10.9B | 11.4B | 11.2B | 10.9B | 10.5B | 11.0B | |
Common Stock Shares Outstanding | 65.9M | 65.6M | 65.1M | 65.1M | 64.3M | 39.7M | |
Liabilities And Stockholders Equity | 12.7B | 12.9B | 13.0B | 12.4B | 12.4B | 13.0B | |
Non Current Liabilities Total | 6.2B | 6.7B | 6.4B | 6.4B | 6.4B | 6.7B | |
Other Stockholder Equity | 7.1B | 6.9B | 6.9B | 6.8B | 6.7B | 7.0B | |
Total Liab | 6.3B | 6.7B | 6.8B | 6.5B | 6.7B | 7.1B | |
Short Term Debt | 55M | 203.5M | 341.3M | 52.1M | 403.1M | 240.6M | |
Accounts Payable | 158.0M | 152.9M | 180.8M | 165.5M | 176.4M | 185.2M | |
Cash | 81.1M | 84.0M | 58.6M | 42.7M | 400.3M | 420.4M | |
Other Assets | 3.8M | 12.7B | 11.8B | 11.1B | 12.4B | 13.0B | |
Cash And Short Term Investments | 225.3M | 231.8M | 250.5M | 155.4M | 400.3M | 420.4M | |
Net Receivables | 134.4M | 195.1M | 341.0M | 103.0M | 174.6M | 183.4M | |
Total Current Assets | 359.7M | 484.9M | 591.5M | 258.5M | 662.8M | 695.9M | |
Accumulated Other Comprehensive Income | (13.9M) | (14.7M) | (5.6M) | 46.5M | 33.6M | 35.2M | |
Other Liab | 36.4M | 36.7M | 393.1M | 37.8M | 43.5M | 86.9M | |
Long Term Debt | 5.8B | 6.3B | 6.3B | 6.0B | 6.2B | 3.6B | |
Short Term Investments | 144.2M | 147.8M | 191.8M | 112.7M | 87.8M | 96.7M | |
Inventory | (1M) | 57.9M | 1.0 | (9.4M) | (4.3M) | (4.1M) | |
Other Current Assets | (215.5M) | (279.1M) | (399.7M) | 9.4M | (575.0M) | (546.2M) | |
Net Tangible Assets | 6.3B | 6.0B | 6.0B | 5.7B | 6.6B | 5.5B | |
Noncontrolling Interest In Consolidated Entity | 183.1M | 182.8M | 182.9M | 178.7M | 205.6M | 126.4M | |
Long Term Debt Total | 5.8B | 6.3B | 6.3B | 6.0B | 6.9B | 5.4B | |
Capital Surpluse | 7.1B | 6.9B | 6.9B | 6.8B | 7.8B | 6.2B | |
Deferred Long Term Liab | 3.8M | 3.7M | 4.4M | 5.1M | 5.9M | 6.2M |
Pair Trading with Essex Property
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 Essex Property 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 Essex Property will appreciate offsetting losses from the drop in the long position's value.Moving together with Essex Stock
0.74 | O | Realty Income Corp | PairCorr |
0.93 | HR | Healthcare Realty Trust | PairCorr |
Moving against Essex Stock
0.72 | WHLR | Wheeler Real Estate | PairCorr |
0.66 | WY | Weyerhaeuser Financial Report 25th of July 2024 | PairCorr |
0.57 | PK | Park Hotels Resorts | PairCorr |
0.56 | FR | First Industrial Realty | PairCorr |
0.49 | OZ | Belpointe PREP LLC | PairCorr |
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.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Essex Property moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Essex Property Trust 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 Essex Property 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Essex Property Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Essex Stock analysis
When running Essex Property's price analysis, check to measure Essex Property'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 Essex Property is operating at the current time. Most of Essex Property's value examination focuses on studying past and present price action to predict the probability of Essex Property's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Essex Property's price. Additionally, you may evaluate how the addition of Essex Property to your portfolios can decrease your overall portfolio volatility.
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |
Is Essex Property'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 Essex Property. If investors know Essex 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 Essex Property 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 0.785 | Dividend Share 9.38 | Earnings Share 8.18 | Revenue Per Share 26.421 | Quarterly Revenue Growth 0.038 |
The market value of Essex Property Trust is measured differently than its book value, which is the value of Essex that is recorded on the company's balance sheet. Investors also form their own opinion of Essex Property's value that differs from its market value or its book value, called intrinsic value, which is Essex Property'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 Essex Property's market value can be influenced by many factors that don't directly affect Essex Property'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 Essex Property's value and its price as these two are different measures arrived at by different means. Investors typically determine if Essex Property is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essex Property'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.