Eqva ASA (Norway) Market Value
| EQVA Stock | 5.02 0.04 0.79% |
| Symbol | Eqva |
Eqva 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 Eqva 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 Eqva ASA.
| 03/27/2023 |
| 03/16/2025 |
If you would invest 0.00 in Eqva ASA on March 27, 2023 and sell it all today you would earn a total of 0.00 from holding Eqva ASA or generate 0.0% return on investment in Eqva ASA over 720 days. Eqva ASA is related to or competes with Equinor ASA, DnB ASA, Aker BP, Telenor ASA, Norsk Hydro, Yara International, and Mowi ASA. More
Eqva 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 Eqva 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 Eqva ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.1001 | |||
| Maximum Drawdown | 10.89 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 4.84 |
Eqva ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eqva ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eqva ASA's standard deviation. In reality, there are many statistical measures that can use Eqva ASA historical prices to predict the future Eqva ASA's volatility.| Risk Adjusted Performance | 0.0582 | |||
| Jensen Alpha | 0.0823 | |||
| Total Risk Alpha | 0.4402 | |||
| Sortino Ratio | 0.1235 | |||
| Treynor Ratio | (0.28) |
Eqva ASA Backtested Returns
As of now, Eqva Stock is slightly risky. Eqva ASA secures Sharpe Ratio (or Efficiency) of 0.0484, which denotes the company had a 0.0484 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Eqva ASA, which you can use to evaluate the volatility of the firm. Please confirm Eqva ASA's Mean Deviation of 1.71, downside deviation of 1.98, and Coefficient Of Variation of 1682.62 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Eqva ASA has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eqva ASA are expected to decrease at a much lower rate. During the bear market, Eqva ASA is likely to outperform the market. Eqva ASA right now shows a risk of 2.36%. Please confirm Eqva ASA maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Eqva ASA will be following its price patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
Eqva ASA has poor reverse predictability. Overlapping area represents the amount of predictability between Eqva ASA time series from 27th of March 2023 to 21st of March 2024 and 21st of March 2024 to 16th 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 Eqva ASA price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Eqva ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Eqva ASA lagged returns against current returns
Autocorrelation, which is Eqva 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 Eqva ASA's stock expected returns. We can calculate the autocorrelation of Eqva ASA returns to help us make a trade decision. For example, suppose you find that Eqva 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 |
Eqva 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 Eqva ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eqva ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eqva ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Eqva ASA Lagged Returns
When evaluating Eqva ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eqva ASA stock have on its future price. Eqva 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, Eqva ASA autocorrelation shows the relationship between Eqva ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Eqva ASA.
Regressed Prices |
| Timeline |
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Eqva ASA financial ratios help investors to determine whether Eqva 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 Eqva with respect to the benefits of owning Eqva ASA security.