Equinox Gold Corp Stock Probability of Future Stock Price Finishing Over 16.74
| EQX Stock | USD 5.12 0.05 0.99% |
Equinox |
Equinox Gold Target Price Odds to finish over 16.74
The tendency of Equinox Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 16.74 or more in 90 days |
| 5.12 | 90 days | 16.74 | close to zero percent |
Based on a normal probability distribution, the odds of Equinox Gold to move over $ 16.74 or more in 90 days from now is close to zero percent (This Equinox Gold Corp probability density function shows the probability of Equinox Stock to fall within a particular range of prices over 90 days) . Probability of Equinox Gold Corp price to stay between its current price of $ 5.12 and $ 16.74 at the end of the 90-day period is under 95 .
Considering the 90-day investment horizon Equinox Gold has a beta of 0.32 suggesting as returns on the market go up, Equinox Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Equinox Gold Corp will be expected to be much smaller as well. Additionally Equinox Gold Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Equinox Gold Price Density |
| Price |
Predictive Modules for Equinox Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Equinox Gold Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Equinox Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Equinox Gold is not an exception. The market had few large corrections towards the Equinox Gold's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Equinox Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Equinox Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.29 | |
β | Beta against Dow Jones | 0.32 | |
σ | Overall volatility | 0.34 | |
Ir | Information ratio | -0.09 |
Equinox Gold Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Equinox Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Equinox Gold Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Equinox Gold Corp generated a negative expected return over the last 90 days | |
| Equinox Gold Corp has high historical volatility and very poor performance | |
| About 62.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Seize These TSX Stocks Before the New Year Bounce - The Motley Fool Canada |
Equinox Gold Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Equinox Stock often depends not only on the future outlook of the current and potential Equinox Gold's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Equinox Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 316.3 M | |
| Cash And Short Term Investments | 284.7 M |
Equinox Gold Technical Analysis
Equinox Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Equinox Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Equinox Gold Corp. In general, you should focus on analyzing Equinox Stock price patterns and their correlations with different microeconomic environments and drivers.
Equinox Gold Predictive Forecast Models
Equinox Gold's time-series forecasting models is one of many Equinox Gold's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Equinox Gold's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Equinox Gold Corp
Checking the ongoing alerts about Equinox Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Equinox Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Equinox Gold Corp generated a negative expected return over the last 90 days | |
| Equinox Gold Corp has high historical volatility and very poor performance | |
| About 62.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Seize These TSX Stocks Before the New Year Bounce - The Motley Fool Canada |
Additional Tools for Equinox Stock Analysis
When running Equinox Gold's price analysis, check to measure Equinox Gold'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 Equinox Gold is operating at the current time. Most of Equinox Gold's value examination focuses on studying past and present price action to predict the probability of Equinox Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equinox Gold's price. Additionally, you may evaluate how the addition of Equinox Gold to your portfolios can decrease your overall portfolio volatility.