Equinox Gold Corp Stock Performance
| EQX Stock | USD 6.20 0.24 4.03% |
On a scale of 0 to 100, Equinox Gold holds a performance score of 6. The firm shows a Beta (market volatility) of 0.0439, which means not very significant fluctuations relative to the market. As returns on the market increase, Equinox Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Equinox Gold is expected to be smaller as well. Please check Equinox Gold's total risk alpha, downside variance, as well as the relationship between the Downside Variance and daily balance of power , to make a quick decision on whether Equinox Gold's price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Equinox Gold Corp are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unsteady basic indicators, Equinox Gold showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 200.8 M |
Equinox |
Equinox Gold Relative Risk vs. Return Landscape
If you would invest 544.00 in Equinox Gold Corp on November 1, 2024 and sell it today you would earn a total of 77.00 from holding Equinox Gold Corp or generate 14.15% return on investment over 90 days. Equinox Gold Corp is generating 0.29% of daily returns assuming volatility of 3.7735% on return distribution over 90 days investment horizon. In other words, 33% of stocks are less volatile than Equinox, and above 95% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
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Equinox Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equinox Gold's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Equinox Gold Corp, and traders can use it to determine the average amount a Equinox Gold's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0768
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Estimated Market Risk
| 3.77 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Equinox Gold is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Equinox Gold by adding it to a well-diversified portfolio.
Equinox Gold Fundamentals Growth
Equinox Stock prices reflect investors' perceptions of the future prospects and financial health of Equinox Gold, and Equinox Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Equinox Stock performance.
| Return On Equity | 0.0872 | ||||
| Return On Asset | 0.0131 | ||||
| Profit Margin | 0.20 % | ||||
| Operating Margin | 0.20 % | ||||
| Current Valuation | 4.02 B | ||||
| Shares Outstanding | 455.4 M | ||||
| Price To Earning | 2.31 X | ||||
| Price To Book | 0.84 X | ||||
| Price To Sales | 2.19 X | ||||
| Revenue | 1.09 B | ||||
| EBITDA | 291.09 M | ||||
| Cash And Equivalents | 200.77 M | ||||
| Cash Per Share | 0.84 X | ||||
| Total Debt | 945.37 M | ||||
| Debt To Equity | 0.28 % | ||||
| Book Value Per Share | 7.58 X | ||||
| Cash Flow From Operations | 358.46 M | ||||
| Earnings Per Share | 0.55 X | ||||
| Total Asset | 4.35 B | ||||
| Retained Earnings | 348.55 M | ||||
| Current Asset | 105.76 M | ||||
| Current Liabilities | 55.65 M | ||||
About Equinox Gold Performance
Evaluating Equinox Gold's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Equinox Gold has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Equinox Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. Equinox Gold Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada. Equinox Gold is traded on AMEX Exchange in the United States.Things to note about Equinox Gold Corp performance evaluation
Checking the ongoing alerts about Equinox Gold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Equinox Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Equinox Gold Corp had very high historical volatility over the last 90 days | |
| About 63.0% of the company shares are held by institutions such as insurance companies |
- Analyzing Equinox Gold's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Equinox Gold's stock is overvalued or undervalued compared to its peers.
- Examining Equinox Gold's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Equinox Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Equinox Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Equinox Gold's stock. These opinions can provide insight into Equinox Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Equinox Stock Analysis
When running Equinox Gold's price analysis, check to measure Equinox Gold's 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 Equinox Gold is operating at the current time. Most of Equinox Gold's value examination focuses on studying past and present price action to predict the probability of Equinox Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equinox Gold's price. Additionally, you may evaluate how the addition of Equinox Gold to your portfolios can decrease your overall portfolio volatility.