EQUINOR ASA's market value is the price at which a share of EQUINOR ASA trades on a public exchange. It measures the collective expectations of EQUINOR ASA DRN investors about its performance. EQUINOR ASA is trading at 77.00 as of the 9th of January 2025, a 3.02% down since the beginning of the trading day. The stock's open price was 79.4. With this module, you can estimate the performance of a buy and hold strategy of EQUINOR ASA DRN and determine expected loss or profit from investing in EQUINOR ASA over a given investment horizon. Check out EQUINOR ASA Correlation, EQUINOR ASA Volatility and EQUINOR ASA Alpha and Beta module to complement your research on EQUINOR ASA.
Please note, there is a significant difference between EQUINOR ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if EQUINOR ASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EQUINOR ASA'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.
EQUINOR ASA '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 EQUINOR ASA'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 EQUINOR ASA.
0.00
01/20/2023
No Change 0.00
0.0
In 1 year 11 months and 21 days
01/09/2025
0.00
If you would invest 0.00 in EQUINOR ASA on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding EQUINOR ASA DRN or generate 0.0% return on investment in EQUINOR ASA over 720 days. EQUINOR ASA is related to or competes with GP Investments, Metalrgica Riosulense, STMicroelectronics, Waste Management, and Ross Stores. More
EQUINOR ASA 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 EQUINOR ASA'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 EQUINOR ASA DRN upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for EQUINOR ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EQUINOR ASA's standard deviation. In reality, there are many statistical measures that can use EQUINOR ASA historical prices to predict the future EQUINOR ASA's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as EQUINOR ASA. Your research has to be compared to or analyzed against EQUINOR ASA's peers to derive any actionable benefits. When done correctly, EQUINOR ASA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in EQUINOR ASA DRN.
EQUINOR ASA DRN Backtested Returns
At this point, EQUINOR ASA is very steady. EQUINOR ASA DRN secures Sharpe Ratio (or Efficiency) of 0.0764, which denotes the company had a 0.0764% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for EQUINOR ASA DRN, which you can use to evaluate the volatility of the firm. Please confirm EQUINOR ASA's Mean Deviation of 2.06, market risk adjusted performance of (0.79), and Downside Deviation of 2.39 to check if the risk estimate we provide is consistent with the expected return of 0.19%. EQUINOR ASA has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EQUINOR ASA are expected to decrease at a much lower rate. During the bear market, EQUINOR ASA is likely to outperform the market. EQUINOR ASA DRN currently shows a risk of 2.48%. Please confirm EQUINOR ASA DRN maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if EQUINOR ASA DRN will be following its price patterns.
Auto-correlation
-0.01
Very weak reverse predictability
EQUINOR ASA DRN has very weak reverse predictability. Overlapping area represents the amount of predictability between EQUINOR ASA time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th of January 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 EQUINOR ASA DRN price movement. The serial correlation of -0.01 indicates that just 1.0% of current EQUINOR ASA price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.01
Spearman Rank Test
0.22
Residual Average
0.0
Price Variance
18.74
EQUINOR ASA DRN lagged returns against current returns
Autocorrelation, which is EQUINOR ASA 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 EQUINOR ASA's stock expected returns. We can calculate the autocorrelation of EQUINOR ASA returns to help us make a trade decision. For example, suppose you find that EQUINOR ASA 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
EQUINOR ASA 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 EQUINOR ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EQUINOR ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EQUINOR ASA stock over time.
Current vs Lagged Prices
Timeline
EQUINOR ASA Lagged Returns
When evaluating EQUINOR ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EQUINOR ASA stock have on its future price. EQUINOR ASA 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, EQUINOR ASA autocorrelation shows the relationship between EQUINOR ASA stock current value and its past values and can show if there is a momentum factor associated with investing in EQUINOR ASA DRN.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
EQUINOR ASA financial ratios help investors to determine whether EQUINOR Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in EQUINOR with respect to the benefits of owning EQUINOR ASA security.