Equity Metals Corp Stock Market Value
| EQTY Stock | CAD 0.17 0.02 10.53% |
| Symbol | Equity |
Equity Metals Corp Price To Book Ratio
Equity Metals '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 Equity Metals' 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 Equity Metals.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in Equity Metals on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding Equity Metals Corp or generate 0.0% return on investment in Equity Metals over 30 days. Equity Metals is related to or competes with Firan Technology, Canlan Ice, Constellation Software, Storage Vault, and Andean Precious. Equity Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada More
Equity Metals 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 Equity Metals' 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 Equity Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.1 | |||
| Information Ratio | 0.0227 | |||
| Maximum Drawdown | 30.69 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 10.0 |
Equity Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equity Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equity Metals' standard deviation. In reality, there are many statistical measures that can use Equity Metals historical prices to predict the future Equity Metals' volatility.| Risk Adjusted Performance | 0.0193 | |||
| Jensen Alpha | 0.2502 | |||
| Total Risk Alpha | 0.5549 | |||
| Sortino Ratio | 0.019 | |||
| Treynor Ratio | 0.0255 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equity Metals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Equity Metals Corp Backtested Returns
Equity Metals Corp secures Sharpe Ratio (or Efficiency) of -0.0337, which denotes the company had a -0.0337 % return per unit of risk over the last 3 months. Equity Metals Corp exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Equity Metals' Coefficient Of Variation of 7057.1, mean deviation of 4.02, and Downside Deviation of 7.1 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.91, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Equity Metals will likely underperform. At this point, Equity Metals Corp has a negative expected return of -0.19%. Please make sure to confirm Equity Metals' downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to decide if Equity Metals Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Equity Metals Corp has poor predictability. Overlapping area represents the amount of predictability between Equity Metals time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th 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 Equity Metals Corp price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Equity Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Equity Metals Corp lagged returns against current returns
Autocorrelation, which is Equity Metals 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 Equity Metals' stock expected returns. We can calculate the autocorrelation of Equity Metals returns to help us make a trade decision. For example, suppose you find that Equity Metals 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 |
Equity Metals 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 Equity Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equity Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equity Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Equity Metals Lagged Returns
When evaluating Equity Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equity Metals stock have on its future price. Equity Metals 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, Equity Metals autocorrelation shows the relationship between Equity Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Equity Metals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Equity Stock Analysis
When running Equity Metals' price analysis, check to measure Equity Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Equity Metals is operating at the current time. Most of Equity Metals' value examination focuses on studying past and present price action to predict the probability of Equity Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equity Metals' price. Additionally, you may evaluate how the addition of Equity Metals to your portfolios can decrease your overall portfolio volatility.