Equinor ASA (Norway) Market Value
| EQNR Stock | NOK 266.00 5.20 1.92% |
| Symbol | Equinor |
Equinor ASA '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 Equinor ASA'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 Equinor ASA.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Equinor ASA on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Equinor ASA or generate 0.0% return on investment in Equinor ASA over 90 days. Equinor ASA is related to or competes with DnB ASA, Mowi ASA, Yara International, Telenor ASA, and Aker BP. Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petro... More
Equinor ASA 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 Equinor ASA'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 Equinor ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.36 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 2.88 |
Equinor ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equinor ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equinor ASA's standard deviation. In reality, there are many statistical measures that can use Equinor ASA historical prices to predict the future Equinor ASA's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.1301 |
Equinor ASA Backtested Returns
Equinor ASA secures Sharpe Ratio (or Efficiency) of -0.0277, which denotes the company had a -0.0277% return per unit of risk over the last 3 months. Equinor ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Equinor ASA's Standard Deviation of 1.85, variance of 3.41, and Mean Deviation of 1.36 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Equinor ASA are expected to decrease at a much lower rate. During the bear market, Equinor ASA is likely to outperform the market. At this point, Equinor ASA has a negative expected return of -0.0522%. Please make sure to confirm Equinor ASA's maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Equinor ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Equinor ASA has below average predictability. Overlapping area represents the amount of predictability between Equinor ASA time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Equinor ASA price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Equinor ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 87.27 |
Equinor ASA lagged returns against current returns
Autocorrelation, which is Equinor ASA 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 Equinor ASA's stock expected returns. We can calculate the autocorrelation of Equinor ASA returns to help us make a trade decision. For example, suppose you find that Equinor ASA 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 |
Equinor ASA 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 Equinor ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equinor ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equinor ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Equinor ASA Lagged Returns
When evaluating Equinor ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equinor ASA stock have on its future price. Equinor ASA 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, Equinor ASA autocorrelation shows the relationship between Equinor ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Equinor ASA.
Regressed Prices |
| Timeline |
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Equinor ASA financial ratios help investors to determine whether Equinor Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Equinor with respect to the benefits of owning Equinor ASA security.