EQ Resources (Australia) Market Value
| EQR Stock | 0.05 0 1.92% |
| Symbol | EQR |
EQ Resources '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 EQ Resources' 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 EQ Resources.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in EQ Resources on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding EQ Resources or generate 0.0% return on investment in EQ Resources over 720 days. EQ Resources is related to or competes with Ainsworth Game, COAST ENTERTAINMENT, Homeco Daily, Seven West, Aurelia Metals, and Computershare. EQ Resources is entity of Australia. It is traded as Stock on AU exchange. More
EQ Resources 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 EQ Resources' 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 EQ Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.4 | |||
| Information Ratio | 0.062 | |||
| Maximum Drawdown | 27.62 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 9.76 |
EQ Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EQ Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EQ Resources' standard deviation. In reality, there are many statistical measures that can use EQ Resources historical prices to predict the future EQ Resources' volatility.| Risk Adjusted Performance | 0.0752 | |||
| Jensen Alpha | 0.4714 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0728 | |||
| Treynor Ratio | (1.74) |
EQ Resources Backtested Returns
EQ Resources appears to be out of control, given 3 months investment horizon. EQ Resources retains Efficiency (Sharpe Ratio) of 0.09, which denotes the company had a 0.09% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for EQ Resources, which you can use to evaluate the volatility of the firm. Please utilize EQ Resources' Market Risk Adjusted Performance of (1.73), standard deviation of 5.17, and Downside Deviation of 4.4 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EQ Resources holds a performance score of 7. The firm owns a Beta (Systematic Risk) of -0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EQ Resources are expected to decrease at a much lower rate. During the bear market, EQ Resources is likely to outperform the market. Please check EQ Resources' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether EQ Resources' current price history will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
EQ Resources has almost perfect reverse predictability. Overlapping area represents the amount of predictability between EQ Resources time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 EQ Resources price movement. The serial correlation of -0.76 indicates that around 76.0% of current EQ Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EQ Resources lagged returns against current returns
Autocorrelation, which is EQ Resources 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 EQ Resources' stock expected returns. We can calculate the autocorrelation of EQ Resources returns to help us make a trade decision. For example, suppose you find that EQ Resources 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 |
EQ Resources 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 EQ Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EQ Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EQ Resources stock over time.
Current vs Lagged Prices |
| Timeline |
EQ Resources Lagged Returns
When evaluating EQ Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EQ Resources stock have on its future price. EQ Resources 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, EQ Resources autocorrelation shows the relationship between EQ Resources stock current value and its past values and can show if there is a momentum factor associated with investing in EQ Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for EQR Stock Analysis
When running EQ Resources' price analysis, check to measure EQ Resources' 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 EQ Resources is operating at the current time. Most of EQ Resources' value examination focuses on studying past and present price action to predict the probability of EQ Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EQ Resources' price. Additionally, you may evaluate how the addition of EQ Resources to your portfolios can decrease your overall portfolio volatility.