Elme Communities Stock Alpha and Beta Analysis
| ELME Stock | USD 16.95 0.26 1.56% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Elme Communities. It also helps investors analyze the systematic and unsystematic risks associated with investing in Elme Communities over a specified time horizon. Remember, high Elme Communities' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Elme Communities' market risk premium analysis include:
Beta 0.59 | Alpha (0.11) | Risk 1.29 | Sharpe Ratio (0.03) | Expected Return (0.04) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Elme Communities Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Elme Communities market risk premium is the additional return an investor will receive from holding Elme Communities long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Elme Communities. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Elme Communities' performance over market.| α | -0.11 | β | 0.59 |
Elme Communities expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Elme Communities' Buy-and-hold return. Our buy-and-hold chart shows how Elme Communities performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Elme Communities Market Price Analysis
Market price analysis indicators help investors to evaluate how Elme Communities stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elme Communities shares will generate the highest return on investment. By understating and applying Elme Communities stock market price indicators, traders can identify Elme Communities position entry and exit signals to maximize returns.
Elme Communities Return and Market Media
The median price of Elme Communities for the period between Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 17.25 with a coefficient of variation of 3.23. The daily time series for the period is distributed with a sample standard deviation of 0.55, arithmetic mean of 17.16, and mean deviation of 0.44. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Elme Communities Price Target Raised to 17.00 at Wells Fargo Company | 09/13/2024 |
2 | Acquisition by Banner Jennifer S of 781 shares of Elme Communities subject to Rule 16b-3 | 09/30/2024 |
| Elme Communities dividend paid on 3rd of October 2024 | 10/03/2024 |
3 | Acquisition by Butcher Benjamin S of 1492 shares of Elme Communities subject to Rule 16b-3 | 10/10/2024 |
4 | Elme Communities initiated with Peer Perform at Wolfe Research | 10/21/2024 |
5 | What To Expect From Elme Communities Q3 2024 Earnings | 11/04/2024 |
6 | Elme Communities Posts Quarterly Earnings Results, Misses Expectations By 0.27 EPS | 11/06/2024 |
7 | Elme Communities Q3 2024 Earnings Call Transcript | 11/07/2024 |
8 | Acquisition by Byrnes William G of 3084 shares of Elme Communities subject to Rule 16b-3 | 11/25/2024 |
About Elme Communities Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Elme or other stocks. Alpha measures the amount that position in Elme Communities has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0415 | 0.0382 | 0.0502 | 0.0573 | Price To Sales Ratio | 12.92 | 7.43 | 5.62 | 8.47 |
Elme Communities Upcoming Company Events
As portrayed in its financial statements, the presentation of Elme Communities' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Elme Communities' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Elme Communities' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Elme Communities. Please utilize our Beneish M Score to check the likelihood of Elme Communities' management manipulating its earnings.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Elme Communities
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
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Check out Elme Communities Backtesting, Elme Communities Valuation, Elme Communities Correlation, Elme Communities Hype Analysis, Elme Communities Volatility, Elme Communities History and analyze Elme Communities Performance. For information on how to trade Elme Stock refer to our How to Trade Elme Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Elme Communities 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.