Equinox Historical Valuation
| EQX Stock | CAD 7.67 0.05 0.65% |
Some fundamental drivers such as market cap or Equinox Gold enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Equinox Gold Corp valuation indicators such as Enterprise Value of 2.4 B to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Equinox Gold's future value.
Equinox |
About Equinox Valuation Data Analysis
Valuation is the financial process of determining what Equinox Gold is worth. Equinox Gold valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Equinox Gold valuation ratios help investors to determine whether Equinox 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 Equinox with respect to the benefits of owning Equinox Gold security.
Equinox Gold Valuation Data Chart
Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.Enterprise Value
Enterprise Value (or EV) is usually referred to as Equinox Gold theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Equinox Gold Corp debt, but would also pocket its cash. Enterprise Value is more accurate representation of Equinox Gold value than its market capitalization because it takes into account all of Equinox Gold Corp existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Most indicators from Equinox Gold's valuation accounts are interrelated and interconnected. However, analyzing valuation accounts indicators one by one will only give a small insight into Equinox Gold Corp current financial condition. On the other hand, looking into the entire matrix of valuation accounts indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinox Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of the 27th of November 2024, Market Cap is likely to grow to about 1.6 B. Also, Enterprise Value is likely to grow to about 2.4 B
| 2023 | 2024 (projected) | Working Capital | 87.0K | 77.4K | Market Cap | 1.5B | 1.6B |
Equinox Gold valuation accounts Correlations
Equinox Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equinox Gold valuation accounts Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 862.4M | 2.2B | 1.9B | 997.1M | 1.5B | 1.6B | |
| Enterprise Value | 1.1B | 2.4B | 2.2B | 1.6B | 2.3B | 2.4B |
Pair Trading with Equinox Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Equinox Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Equinox Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Equinox Stock
The ability to find closely correlated positions to Equinox Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equinox Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Equinox Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Equinox Gold Corp to buy it.
The correlation of Equinox Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Equinox Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equinox Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Equinox Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinox Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.