Equinox Gold Corp Stock Math Operators Price Series Summation
| EQX Stock | CAD 8.00 0.34 4.44% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. Equinox Gold Corp Price Series Summation is a cross summation of Equinox Gold price series and its benchmark/peer.
Equinox Gold Technical Analysis Modules
Most technical analysis of Equinox Gold help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Equinox from various momentum indicators to cycle indicators. When you analyze Equinox charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Equinox Gold Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Equinox Gold Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Equinox Gold Corp based on widely used predictive technical indicators. In general, we focus on analyzing Equinox Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Equinox Gold's daily price indicators and compare them against related drivers, such as math operators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Equinox Gold's intrinsic value. In addition to deriving basic predictive indicators for Equinox Gold, we also check how macroeconomic factors affect Equinox Gold price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 4.79 | 3.14 | 3.27 | 3.1 | PTB Ratio | 0.75 | 0.42 | 0.63 | 0.6 |
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Equinox Gold Corp pair trading
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.Equinox Gold Pair Trading
Equinox Gold Corp Pair Trading Analysis
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 Commodity Directory module to find actively traded commodities issued by global exchanges.