Equinox Gold Corp Stock Market Value
| EQX Stock | USD 5.65 0.02 0.36% |
| Symbol | Equinox |
Equinox Gold Corp Price To Book Ratio
Is Metals & Mining space 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 Equinox Gold. If investors know Equinox 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 Equinox Gold 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 (0.90) | Earnings Share 0.55 | Revenue Per Share 3.391 | Quarterly Revenue Growth 0.504 | Return On Assets 0.0131 |
The market value of Equinox Gold Corp is measured differently than its book value, which is the value of Equinox that is recorded on the company's balance sheet. Investors also form their own opinion of Equinox Gold's value that differs from its market value or its book value, called intrinsic value, which is Equinox Gold'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 Equinox Gold's market value can be influenced by many factors that don't directly affect Equinox Gold'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 Equinox Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equinox Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equinox Gold'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.
Equinox Gold 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Equinox Gold's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Equinox Gold.
| 06/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in Equinox Gold on June 12, 2023 and sell it all today you would earn a total of 0.00 from holding Equinox Gold Corp or generate 0.0% return on investment in Equinox Gold over 540 days. Equinox Gold is related to or competes with Coeur Mining, B2Gold Corp, Sandstorm Gold, Pan American, Osisko Gold, Wheaton Precious, and Franco Nevada. Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties More
Equinox Gold Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Equinox Gold's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Equinox Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.09 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 18.48 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 5.7 |
Equinox Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equinox Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equinox Gold's standard deviation. In reality, there are many statistical measures that can use Equinox Gold historical prices to predict the future Equinox Gold's volatility.| Risk Adjusted Performance | 0.0248 | |||
| Jensen Alpha | 0.0552 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.6522 |
Equinox Gold Corp Backtested Returns
At this stage we consider Equinox Stock to be slightly risky. Equinox Gold Corp secures Sharpe Ratio (or Efficiency) of 0.0375, which denotes the company had a 0.0375% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Equinox Gold Corp, which you can use to evaluate the volatility of the firm. Please confirm Equinox Gold's Mean Deviation of 2.44, downside deviation of 3.09, and Coefficient Of Variation of 4496.79 to check if the risk estimate we provide is consistent with the expected return of 0.13%. Equinox Gold has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, Equinox Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Equinox Gold is expected to be smaller as well. Equinox Gold Corp right now shows a risk of 3.47%. Please confirm Equinox Gold Corp total risk alpha, downside variance, as well as the relationship between the Downside Variance and daily balance of power , to decide if Equinox Gold Corp will be following its price patterns.
Auto-correlation | 0.20 |
Weak predictability
Equinox Gold Corp has weak predictability. Overlapping area represents the amount of predictability between Equinox Gold time series from 12th of June 2023 to 8th of March 2024 and 8th of March 2024 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Equinox Gold Corp price movement. The serial correlation of 0.2 indicates that over 20.0% of current Equinox Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Equinox Gold Corp lagged returns against current returns
Autocorrelation, which is Equinox Gold stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Equinox Gold's stock expected returns. We can calculate the autocorrelation of Equinox Gold returns to help us make a trade decision. For example, suppose you find that Equinox Gold has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Equinox Gold regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Equinox Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equinox Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equinox Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Equinox Gold Lagged Returns
When evaluating Equinox Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equinox Gold stock have on its future price. Equinox Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Equinox Gold autocorrelation shows the relationship between Equinox Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Equinox Gold Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.