Equity Metals Corp Stock Market Value
| EQTY Stock | CAD 0.21 0.02 8.70% |
| Symbol | Equity |
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.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Equity Metals on November 12, 2024 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 Caribbean Utilities, Maple Leaf, Vizsla Silver, Metalero Mining, and Ramp Metals. 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 | 7.42 | |||
| Information Ratio | 0.0071 | |||
| Maximum Drawdown | 31.63 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 14.29 |
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 | 0.0258 | |||
| Jensen Alpha | 0.1098 | |||
| Total Risk Alpha | (0.83) | |||
| Sortino Ratio | 0.0067 | |||
| Treynor Ratio | 0.3722 |
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
At this stage we consider Equity Stock to be out of control. Equity Metals Corp secures Sharpe Ratio (or Efficiency) of 0.0231, which denotes the company had a 0.0231% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Equity Metals Corp, which you can use to evaluate the volatility of the firm. Please confirm Equity Metals' Coefficient Of Variation of 4323.19, downside deviation of 7.42, and Mean Deviation of 4.98 to check if the risk estimate we provide is consistent with the expected return of 0.16%. Equity Metals has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, Equity Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Equity Metals is expected to be smaller as well. Equity Metals Corp right now shows a risk of 6.97%. Please confirm Equity Metals Corp downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to decide if Equity Metals Corp will be following its price patterns.
Auto-correlation | -0.67 |
Very good reverse predictability
Equity Metals Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Equity Metals time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Equity Metals Corp price movement. The serial correlation of -0.67 indicates that around 67.0% of current Equity Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.69 | |
| 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.