Equinox Gold Shares Down 2.8 percent - MarketBeat
| EQX Stock | USD 5.85 0.33 5.98% |
Slightly above 54% of Equinox Gold's investors are presently thinking to get in. The current sentiment regarding investing in Equinox Gold Corp stock implies that some traders are interested. Equinox Gold's investing sentiment can be driven by a variety of factors including economic data, Equinox Gold's earnings reports, geopolitical events, and overall market trends.
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Equinox Gold Shares Down 2.8 MarketBeat
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Equinox Gold Fundamental Analysis
We analyze Equinox Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Equinox Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Equinox Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Equinox Gold is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Equinox Gold Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Equinox Gold stock to make a market-neutral strategy. Peer analysis of Equinox Gold could also be used in its relative valuation, which is a method of valuing Equinox Gold by comparing valuation metrics with similar companies.
Peers
Equinox Gold Related Equities
| FSM | Fortuna Silver | 9.47 | ||||
| CDE | Coeur Mining | 8.56 | ||||
| PAAS | Pan American | 5.95 | ||||
| LGDTF | Liberty Gold | 5.00 | ||||
| AGI | Alamos Gold | 4.48 | ||||
| WPM | Wheaton Precious | 2.64 | ||||
| SAND | Sandstorm Gold | 2.49 | ||||
| ORLA | Orla Mining | 1.67 | ||||
| SA | Seabridge Gold | 1.64 | ||||
| BTG | B2Gold Corp | 1.45 | ||||
| KNTNF | K92 Mining | 1.43 | ||||
| FNV | Franco Nevada | 1.02 | ||||
| OR | Osisko Gold | 0.73 | ||||
| RGLD | Royal Gold | 0.70 | ||||
| DC | Dakota Gold | 0.47 | ||||
| CTGO | Contango ORE | 0.87 |
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.