EastGroup Return On Equity from 2010 to 2024
| EGP Stock | USD 175.22 0.92 0.53% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.07686575 | Current Value 0.1 | Quarterly Volatility 0.02615968 |
Check EastGroup Properties financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among EastGroup Properties' main balance sheet or income statement drivers, such as Interest Expense of 47.3 M, Total Revenue of 599.1 M or Gross Profit of 437.4 M, as well as many indicators such as Price To Sales Ratio of 15.27, Dividend Yield of 0.0258 or PTB Ratio of 1.77. EastGroup financial statements analysis is a perfect complement when working with EastGroup Properties Valuation or Volatility modules.
EastGroup | Return On Equity |
Latest EastGroup Properties' Return On Equity Growth Pattern
Below is the plot of the Return On Equity of EastGroup Properties over the last few years. Return on Equity is the amount of EastGroup Properties net income returned as a percentage of EastGroup Properties equity. Return on equity measures EastGroup Properties profitability by revealing how much profit EastGroup Properties generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. EastGroup Properties' Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in EastGroup Properties' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.0893 | 10 Years Trend |
|
Return On Equity |
| Timeline |
EastGroup Return On Equity Regression Statistics
| Arithmetic Mean | 0.08 | |
| Geometric Mean | 0.08 | |
| Coefficient Of Variation | 31.63 | |
| Mean Deviation | 0.02 | |
| Median | 0.08 | |
| Standard Deviation | 0.03 | |
| Sample Variance | 0.0007 | |
| Range | 0.105 | |
| R-Value | 0.34 | |
| Mean Square Error | 0.0007 | |
| R-Squared | 0.12 | |
| Significance | 0.21 | |
| Slope | 0 | |
| Total Sum of Squares | 0.01 |
EastGroup Return On Equity History
About EastGroup Properties Financial Statements
EastGroup Properties shareholders use historical fundamental indicators, such as Return On Equity, to determine how well the company is positioned to perform in the future. Although EastGroup Properties investors may analyze each financial statement separately, they are all interrelated. The changes in EastGroup Properties' assets and liabilities, for example, are also reflected in the revenues and expenses on on EastGroup Properties' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.08 | 0.10 |
Pair Trading with EastGroup Properties
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 EastGroup Properties 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 EastGroup Properties will appreciate offsetting losses from the drop in the long position's value.Moving together with EastGroup Stock
Moving against EastGroup Stock
| 0.59 | AKR | Acadia Realty Trust | PairCorr |
| 0.54 | UE | Urban Edge Properties | PairCorr |
| 0.49 | EQIX | Equinix | PairCorr |
| 0.48 | WELL | Welltower | PairCorr |
| 0.31 | AHR | American Healthcare REIT, | PairCorr |
The ability to find closely correlated positions to EastGroup Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EastGroup Properties 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 EastGroup Properties - 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 EastGroup Properties to buy it.
The correlation of EastGroup Properties 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 EastGroup Properties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EastGroup Properties 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 EastGroup Properties 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.Additional Tools for EastGroup Stock Analysis
When running EastGroup Properties' price analysis, check to measure EastGroup Properties' 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 EastGroup Properties is operating at the current time. Most of EastGroup Properties' value examination focuses on studying past and present price action to predict the probability of EastGroup Properties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EastGroup Properties' price. Additionally, you may evaluate how the addition of EastGroup Properties to your portfolios can decrease your overall portfolio volatility.