Equinix (Brazil) Market Value
| EQIX34 Stock | BRL 71.40 1.88 2.70% |
| Symbol | Equinix |
Equinix '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 Equinix'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 Equinix.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Equinix on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Equinix or generate 0.0% return on investment in Equinix over 180 days. Equinix is related to or competes with Iron Mountain, Fras Le, BTG Pactual, Telefonaktiebolaget, Cable One, Randon SA, and Alphabet. Equinix is the worlds digital infrastructure company, enabling digital leaders to harness a trusted platform to bring to... More
Equinix 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 Equinix'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 Equinix upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.1267 | |||
| Maximum Drawdown | 11.64 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 3.65 |
Equinix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equinix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equinix's standard deviation. In reality, there are many statistical measures that can use Equinix historical prices to predict the future Equinix's volatility.| Risk Adjusted Performance | 0.1546 | |||
| Jensen Alpha | 0.3176 | |||
| Total Risk Alpha | 0.0645 | |||
| Sortino Ratio | 0.137 | |||
| Treynor Ratio | 1.03 |
Equinix Backtested Returns
Equinix appears to be very steady, given 3 months investment horizon. Equinix secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Equinix, which you can use to evaluate the volatility of the firm. Please utilize Equinix's Downside Deviation of 1.76, mean deviation of 1.25, and Coefficient Of Variation of 514.31 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Equinix holds a performance score of 15. The firm shows a Beta (market volatility) of 0.35, which means possible diversification benefits within a given portfolio. As returns on the market increase, Equinix's returns are expected to increase less than the market. However, during the bear market, the loss of holding Equinix is expected to be smaller as well. Please check Equinix's treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to make a quick decision on whether Equinix's price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Equinix has very good predictability. Overlapping area represents the amount of predictability between Equinix time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Equinix price movement. The serial correlation of 0.8 indicates that around 80.0% of current Equinix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 11.49 |
Equinix lagged returns against current returns
Autocorrelation, which is Equinix 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 Equinix's stock expected returns. We can calculate the autocorrelation of Equinix returns to help us make a trade decision. For example, suppose you find that Equinix 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 |
Equinix 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 Equinix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equinix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equinix stock over time.
Current vs Lagged Prices |
| Timeline |
Equinix Lagged Returns
When evaluating Equinix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equinix stock have on its future price. Equinix 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, Equinix autocorrelation shows the relationship between Equinix stock current value and its past values and can show if there is a momentum factor associated with investing in Equinix.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in Equinix Stock
When determining whether Equinix offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Equinix'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 Equinix Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Equinix Stock:Check out Equinix Correlation, Equinix Volatility and Equinix Alpha and Beta module to complement your research on Equinix. For information on how to trade Equinix Stock refer to our How to Trade Equinix Stock guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Equinix 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.