Equinox Gold Corp Stock Probability of Future Stock Price Finishing Under 5.66

EQX Stock  CAD 9.07  0.60  7.08%   
Equinox Gold's future price is the expected price of Equinox Gold instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Equinox Gold Corp performance during a given time horizon utilizing its historical volatility. Check out Equinox Gold Backtesting, Equinox Gold Valuation, Equinox Gold Correlation, Equinox Gold Hype Analysis, Equinox Gold Volatility, Equinox Gold History as well as Equinox Gold Performance.
  
At this time, Equinox Gold's Price Earnings Ratio is very stable compared to the past year. As of the 11th of December 2024, Price To Operating Cash Flows Ratio is likely to grow to 4.48, while Price To Sales Ratio is likely to drop 1.34. Please specify Equinox Gold's target price for which you would like Equinox Gold odds to be computed.

Equinox Gold Target Price Odds to finish below 5.66

The tendency of Equinox Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to drop to C$ 5.66  or more in 90 days
 9.07 90 days 5.66 
near 1
Based on a normal probability distribution, the odds of Equinox Gold to drop to C$ 5.66  or more in 90 days from now is near 1 (This Equinox Gold Corp probability density function shows the probability of Equinox Stock to fall within a particular range of prices over 90 days) . Probability of Equinox Gold Corp price to stay between C$ 5.66  and its current price of C$9.07 at the end of the 90-day period is close to 99 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.16 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Equinox Gold will likely underperform. Additionally Equinox Gold Corp has an alpha of 0.2443, implying that it can generate a 0.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Equinox Gold Price Density   
       Price  

Predictive Modules for Equinox Gold

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Equinox Gold Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
5.348.4811.62
Details
Intrinsic
Valuation
LowRealHigh
3.766.9010.04
Details
Naive
Forecast
LowNextHigh
5.478.6111.75
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.060.070.08
Details

Equinox Gold Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Equinox Gold is not an exception. The market had few large corrections towards the Equinox Gold's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Equinox Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Equinox Gold within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.24
β
Beta against Dow Jones1.16
σ
Overall volatility
0.40
Ir
Information ratio 0.08

Equinox Gold Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Equinox Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Equinox Gold Corp can help investors quickly react to important events or material 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 62.0% of the company shares are held by institutions such as insurance companies
Latest headline from news.google.com: Gordian Capital Singapore Pte Ltd Increases Position in Equinox Gold Corp. - MarketBeat

Equinox Gold Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Equinox Stock often depends not only on the future outlook of the current and potential Equinox Gold's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Equinox Gold's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding316.3 M
Cash And Short Term Investments284.7 M

Equinox Gold Technical Analysis

Equinox Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Equinox Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Equinox Gold Corp. In general, you should focus on analyzing Equinox Stock price patterns and their correlations with different microeconomic environments and drivers.

Equinox Gold Predictive Forecast Models

Equinox Gold's time-series forecasting models is one of many Equinox Gold's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Equinox Gold's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Equinox Gold Corp

Checking the ongoing alerts about Equinox Gold for important developments is a great way to find new opportunities for your next move. Our 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 62.0% of the company shares are held by institutions such as insurance companies
Latest headline from news.google.com: Gordian Capital Singapore Pte Ltd Increases Position in Equinox Gold Corp. - MarketBeat
When determining whether Equinox Gold Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Equinox Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Equinox Gold Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Equinox Gold Corp Stock:
Please note, there is a significant difference between Equinox Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equinox Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equinox Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.