Eqb Inc Stock Market Value
| EQB Stock | CAD 94.50 1.19 1.28% |
| Symbol | EQB |
EQB Inc Price To Book Ratio
EQB '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 EQB'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 EQB.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in EQB on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding EQB Inc or generate 0.0% return on investment in EQB over 90 days. EQB is related to or competes with Goeasy, TFI International, and Intact Financial. Equitable Group Inc., through its subsidiary, Equitable Bank, provides various financial services to retail and commerci... More
EQB 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 EQB'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 EQB Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0031 | |||
| Maximum Drawdown | 11.19 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 1.84 |
EQB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EQB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EQB's standard deviation. In reality, there are many statistical measures that can use EQB historical prices to predict the future EQB's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.0993 | |||
| Treynor Ratio | (0.17) |
EQB Inc Backtested Returns
EQB Inc retains Efficiency (Sharpe Ratio) of -0.0432, which denotes the company had a -0.0432 % return per unit of risk over the last 3 months. EQB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EQB's Variance of 2.64, market risk adjusted performance of (0.16), and Standard Deviation of 1.62 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.6, which means possible diversification benefits within a given portfolio. As returns on the market increase, EQB's returns are expected to increase less than the market. However, during the bear market, the loss of holding EQB is expected to be smaller as well. At this point, EQB Inc has a negative expected return of -0.0707%. Please make sure to confirm EQB's coefficient of variation, value at risk, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if EQB Inc performance from the past will be repeated in the future.
Auto-correlation | -0.86 |
Excellent reverse predictability
EQB Inc has excellent reverse predictability. Overlapping area represents the amount of predictability between EQB time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 EQB Inc price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current EQB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 20.77 |
EQB Inc lagged returns against current returns
Autocorrelation, which is EQB 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 EQB's stock expected returns. We can calculate the autocorrelation of EQB returns to help us make a trade decision. For example, suppose you find that EQB 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 |
EQB 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 EQB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EQB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EQB stock over time.
Current vs Lagged Prices |
| Timeline |
EQB Lagged Returns
When evaluating EQB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EQB stock have on its future price. EQB 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, EQB autocorrelation shows the relationship between EQB stock current value and its past values and can show if there is a momentum factor associated with investing in EQB Inc.
Regressed Prices |
| Timeline |
Other Information on Investing in EQB Stock
EQB financial ratios help investors to determine whether EQB 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 EQB with respect to the benefits of owning EQB security.