Equinox Gold (Germany) Market Value
| 1LRC Stock | EUR 5.29 0.10 1.93% |
| Symbol | Equinox |
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.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Equinox Gold on December 10, 2022 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 720 days. Equinox Gold is related to or competes with Motorcar Parts, Austevoll Seafood, Astral Foods, National Retail, J+J SNACK, and GEELY AUTOMOBILE. Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits 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 | 3.07 | |||
| Information Ratio | 0.0047 | |||
| Maximum Drawdown | 17.02 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 6.8 |
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 | 0.0398 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0052 | |||
| Treynor Ratio | 0.1055 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equinox Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Equinox Gold Corp Backtested Returns
At this point, Equinox Gold is moderately volatile. Equinox Gold Corp secures Sharpe Ratio (or Efficiency) of 0.0368, which denotes the company had a 0.0368% return per unit of risk over the last 3 months. We have found thirty technical indicators for Equinox Gold Corp, which you can use to evaluate the volatility of the firm. Please confirm Equinox Gold's Coefficient Of Variation of 2385.77, mean deviation of 2.61, and Downside Deviation of 3.07 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Equinox Gold has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.24, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Equinox Gold will likely underperform. Equinox Gold Corp right now shows a risk of 3.39%. Please confirm Equinox Gold Corp total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Equinox Gold Corp will be following its price patterns.
Auto-correlation | 0.61 |
Good predictability
Equinox Gold Corp has good predictability. Overlapping area represents the amount of predictability between Equinox Gold time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th of November 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 0.61 indicates that roughly 61.0% of current Equinox Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Equinox Stock
When determining whether Equinox Gold Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Equinox Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Equinox Gold Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Equinox Gold Corp Stock:Check out Equinox Gold Correlation, Equinox Gold Volatility and Equinox Gold Alpha and Beta module to complement your research on Equinox Gold. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Equinox Gold 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.