Equitable Group Stock Market Value
| EQB Stock | CAD 109.84 1.96 1.75% |
| Symbol | Equitable |
Equitable Group Price To Book Ratio
Equitable '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 Equitable'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 Equitable.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Equitable on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Equitable Group or generate 0.0% return on investment in Equitable over 30 days. Equitable is related to or competes with Goeasy, Canadian Western, TFI International, and Intact Financial. Equitable Group Inc., through its subsidiary, Equitable Bank, provides various financial services to retail and commerci... More
Equitable 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 Equitable'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 Equitable Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.1072 | |||
| Maximum Drawdown | 5.7 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 2.28 |
Equitable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equitable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equitable's standard deviation. In reality, there are many statistical measures that can use Equitable historical prices to predict the future Equitable's volatility.| Risk Adjusted Performance | 0.1661 | |||
| Jensen Alpha | 0.1611 | |||
| Total Risk Alpha | 0.0734 | |||
| Sortino Ratio | 0.1034 | |||
| Treynor Ratio | 0.4015 |
Equitable Group Backtested Returns
Equitable appears to be very steady, given 3 months investment horizon. Equitable Group secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23% return per unit of risk over the last 3 months. We have found thirty technical indicators for Equitable Group, which you can use to evaluate the volatility of the firm. Please utilize Equitable's Mean Deviation of 0.7961, coefficient of variation of 467.16, and Downside Deviation of 1.1 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Equitable holds a performance score of 18. The firm shows a Beta (market volatility) of 0.54, which means possible diversification benefits within a given portfolio. As returns on the market increase, Equitable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Equitable is expected to be smaller as well. Please check Equitable's skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether Equitable's price patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
Equitable Group has modest predictability. Overlapping area represents the amount of predictability between Equitable time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Equitable Group price movement. The serial correlation of 0.53 indicates that about 53.0% of current Equitable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 1.56 |
Equitable Group lagged returns against current returns
Autocorrelation, which is Equitable 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 Equitable's stock expected returns. We can calculate the autocorrelation of Equitable returns to help us make a trade decision. For example, suppose you find that Equitable 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 |
Equitable 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 Equitable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equitable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equitable stock over time.
Current vs Lagged Prices |
| Timeline |
Equitable Lagged Returns
When evaluating Equitable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equitable stock have on its future price. Equitable 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, Equitable autocorrelation shows the relationship between Equitable stock current value and its past values and can show if there is a momentum factor associated with investing in Equitable Group.
Regressed Prices |
| Timeline |
Other Information on Investing in Equitable Stock
Equitable financial ratios help investors to determine whether Equitable 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 Equitable with respect to the benefits of owning Equitable security.