Equinox Gold Corp Stock Alpha and Beta Analysis
| EQX Stock | USD 5.72 0.24 4.38% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Equinox Gold Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Equinox Gold over a specified time horizon. Remember, high Equinox Gold's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Equinox Gold's market risk premium analysis include:
Beta 0.72 | Alpha (0.09) | Risk 3.51 | Sharpe Ratio 0.0032 | Expected Return 0.0113 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Equinox |
Equinox Gold Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Equinox Gold market risk premium is the additional return an investor will receive from holding Equinox Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Equinox Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Equinox Gold's performance over market.| α | -0.09 | β | 0.72 |
Equinox Gold expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Equinox Gold's Buy-and-hold return. Our buy-and-hold chart shows how Equinox Gold performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Equinox Gold Market Price Analysis
Market price analysis indicators help investors to evaluate how Equinox Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Equinox Gold shares will generate the highest return on investment. By understating and applying Equinox Gold stock market price indicators, traders can identify Equinox Gold position entry and exit signals to maximize returns.
Equinox Gold Return and Market Media
The median price of Equinox Gold for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 5.75 with a coefficient of variation of 5.76. The daily time series for the period is distributed with a sample standard deviation of 0.33, arithmetic mean of 5.75, and mean deviation of 0.27. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | EQX - Equinox Gold Corp. Latest Stock News Market Updates - StockTitan | 08/29/2024 |
2 | Sandstorm Gold Royalties Provides Updates on Near-Term Development Portfolio - StockTitan | 09/05/2024 |
3 | Equinox Gold Shares Down 2.8 percent - MarketBeat | 09/27/2024 |
4 | Hedge Funds Bet on Equinox Gold Corp. as Greenstone Mine Expands | 10/02/2024 |
5 | Why Equinox Gold Stock Is Falling | 10/03/2024 |
6 | Equinox Gold Corp. Top Pick Among Undervalued Gold Stocks | 10/14/2024 |
7 | Equinox Gold To Reveal Q3 2024 Results - TipRanks | 10/24/2024 |
8 | Equinox Gold Corp Q3 2024 Earnings Call Highlights Record Revenue and Strategic Advances ... | 11/08/2024 |
9 | Short Interest in Equinox Gold Corp. Increases By 27.7 percent - MarketBeat | 11/15/2024 |
About Equinox Gold Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Equinox or other stocks. Alpha measures the amount that position in Equinox Gold Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 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 |
Equinox Gold Upcoming Company Events
As portrayed in its financial statements, the presentation of Equinox Gold's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Equinox Gold's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Equinox Gold's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Equinox Gold. Please utilize our Beneish M Score to check the likelihood of Equinox Gold's management manipulating its earnings.
| 20th of February 2024 Upcoming Quarterly Report | View | |
| 7th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 20th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Equinox Gold
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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.