EQUINOR ASA Market Value
| 29446MAH5 | 74.50 3.91 4.99% |
| Symbol | EQUINOR |
EQUINOR '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's bond 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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in EQUINOR on October 30, 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 over 30 days. EQUINOR is related to or competes with Vita Coco, Boston Beer, Trupanion, Siriuspoint, Fomento Economico, and Keurig Dr. More
EQUINOR 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's bond 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 | 22.38 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 2.32 |
EQUINOR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EQUINOR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EQUINOR's standard deviation. In reality, there are many statistical measures that can use EQUINOR historical prices to predict the future EQUINOR's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 2.8 |
EQUINOR ASA Backtested Returns
At this point, EQUINOR is very steady. EQUINOR ASA secures Sharpe Ratio (or Efficiency) of 0.0234, which denotes the bond had a 0.0234% return per unit of volatility over the last 3 months. We have found twenty-one technical indicators for EQUINOR ASA, which you can use to evaluate the volatility of the entity. Please confirm EQUINOR's Market Risk Adjusted Performance of 2.81, mean deviation of 1.28, and Standard Deviation of 2.4 to check if the risk estimate we provide is consistent with the expected return of 0.039%. The bond shows a Beta (market volatility) of -0.0377, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EQUINOR are expected to decrease at a much lower rate. During the bear market, EQUINOR is likely to outperform the market.
Auto-correlation | 0.05 |
Virtually no predictability
EQUINOR ASA has virtually no predictability. Overlapping area represents the amount of predictability between EQUINOR time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 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 EQUINOR ASA price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current EQUINOR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 2.15 |
EQUINOR ASA lagged returns against current returns
Autocorrelation, which is EQUINOR bond'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's bond expected returns. We can calculate the autocorrelation of EQUINOR returns to help us make a trade decision. For example, suppose you find that EQUINOR has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EQUINOR bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EQUINOR bond over time.
Current vs Lagged Prices |
| Timeline |
EQUINOR Lagged Returns
When evaluating EQUINOR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EQUINOR bond have on its future price. EQUINOR 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 autocorrelation shows the relationship between EQUINOR bond current value and its past values and can show if there is a momentum factor associated with investing in EQUINOR ASA.
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.Other Information on Investing in EQUINOR Bond
EQUINOR financial ratios help investors to determine whether EQUINOR Bond 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 security.