Equinox Gold Corp Stock Market Value
| EQX Stock | CAD 8.84 0.25 2.91% |
| Symbol | Equinox |
Equinox Gold Corp Price To Book Ratio
Equinox Gold '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 Equinox Gold's stock 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 Equinox Gold.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Equinox Gold on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Equinox Gold Corp or generate 0.0% return on investment in Equinox Gold over 90 days. Equinox Gold is related to or competes with Fortuna Silver, Pan American, Sandstorm Gold, and SSR Mining. Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits More
Equinox Gold 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 Equinox Gold's stock 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 Equinox Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 13.46 | |||
| Value At Risk | (4.90) | |||
| Potential Upside | 3.29 |
Equinox Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equinox Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equinox Gold's standard deviation. In reality, there are many statistical measures that can use Equinox Gold historical prices to predict the future Equinox Gold's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.62) |
Equinox Gold Corp Backtested Returns
Equinox Gold Corp secures Sharpe Ratio (or Efficiency) of -0.0142, which denotes the company had a -0.0142 % return per unit of risk over the last 3 months. Equinox Gold Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Equinox Gold's Standard Deviation of 2.65, mean deviation of 1.95, and Variance of 7.04 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, 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. At this point, Equinox Gold Corp has a negative expected return of -0.0379%. Please make sure to confirm Equinox Gold's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day median price , to decide if Equinox Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Equinox Gold Corp has good predictability. Overlapping area represents the amount of predictability between Equinox Gold time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Equinox Gold Corp price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Equinox Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Equinox Gold Corp lagged returns against current returns
Autocorrelation, which is Equinox Gold stock'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 Equinox Gold's stock expected returns. We can calculate the autocorrelation of Equinox Gold returns to help us make a trade decision. For example, suppose you find that Equinox Gold has exhibited high autocorrelation historically, and you observe that the stock 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 |
Equinox Gold 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 Equinox Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equinox Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equinox Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Equinox Gold Lagged Returns
When evaluating Equinox Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equinox Gold stock have on its future price. Equinox Gold 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, Equinox Gold autocorrelation shows the relationship between Equinox Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Equinox Gold Corp.
Regressed Prices |
| Timeline |
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 together with Equinox Stock
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Moving against Equinox Stock
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| 0.64 | AMZN | Amazon CDR | PairCorr |
| 0.63 | MSFT | Microsoft Corp CDR Earnings Call This Week | PairCorr |
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 Equinox Gold Correlation, Equinox Gold Volatility and Equinox Gold Alpha and Beta module to complement your research on Equinox Gold. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Equinox Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.