Equinor Asa Adr Stock Market Value
| EQNR Stock | USD 22.29 0.04 0.18% |
| Symbol | Equinor |
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Equinor ASA. If investors know Equinor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Equinor ASA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.02) | Dividend Share 1.4 | Earnings Share 3.27 | Revenue Per Share 18.2245 | Quarterly Revenue Growth (0.02) |
The market value of Equinor ASA ADR is measured differently than its book value, which is the value of Equinor that is recorded on the company's balance sheet. Investors also form their own opinion of Equinor ASA's value that differs from its market value or its book value, called intrinsic value, which is Equinor ASA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Equinor ASA's market value can be influenced by many factors that don't directly affect Equinor ASA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Equinor ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equinor ASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equinor ASA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Equinor 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 Equinor 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 Equinor ASA.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Equinor ASA on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Equinor ASA ADR or generate 0.0% return on investment in Equinor ASA over 30 days. Equinor ASA is related to or competes with Shell PLC, BP PLC, Eni SPA, Galp Energa, TotalEnergies, Ecopetrol, and National Fuel. Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petro... More
Equinor 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 Equinor 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 Equinor ASA ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.46 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 3.3 |
Equinor ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equinor ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equinor ASA's standard deviation. In reality, there are many statistical measures that can use Equinor ASA historical prices to predict the future Equinor ASA's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.6536 |
Equinor ASA ADR Backtested Returns
Equinor ASA ADR secures Sharpe Ratio (or Efficiency) of -0.0621, which denotes the company had a -0.0621% return per unit of risk over the last 3 months. Equinor ASA ADR exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Equinor ASA's Standard Deviation of 2.12, variance of 4.51, and Mean Deviation of 1.68 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Equinor ASA are expected to decrease at a much lower rate. During the bear market, Equinor ASA is likely to outperform the market. At this point, Equinor ASA ADR has a negative expected return of -0.13%. Please make sure to confirm Equinor ASA's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Equinor ASA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Equinor ASA ADR has average predictability. Overlapping area represents the amount of predictability between Equinor ASA time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Equinor ASA ADR price movement. The serial correlation of 0.48 indicates that about 48.0% of current Equinor ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Equinor ASA ADR lagged returns against current returns
Autocorrelation, which is Equinor 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 Equinor ASA's stock expected returns. We can calculate the autocorrelation of Equinor ASA returns to help us make a trade decision. For example, suppose you find that Equinor 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 |
Equinor 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 Equinor ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equinor ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equinor ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Equinor ASA Lagged Returns
When evaluating Equinor ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equinor ASA stock have on its future price. Equinor 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, Equinor ASA autocorrelation shows the relationship between Equinor ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Equinor ASA ADR.
Regressed Prices |
| Timeline |
Pair Trading with Equinor ASA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Equinor ASA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Equinor ASA will appreciate offsetting losses from the drop in the long position's value.Moving together with Equinor Stock
Moving against Equinor Stock
| 0.43 | CGBS | Crown LNG Holdings | PairCorr |
| 0.39 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.37 | TGS | Transportadora de Gas | PairCorr |
| 0.37 | CGBSW | Crown LNG Holdings | PairCorr |
| 0.35 | EE | Excelerate Energy | PairCorr |
The ability to find closely correlated positions to Equinor ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equinor ASA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Equinor ASA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Equinor ASA ADR to buy it.
The correlation of Equinor ASA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Equinor ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equinor ASA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Equinor ASA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Equinor Stock Analysis
When running Equinor ASA's price analysis, check to measure Equinor ASA's 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 Equinor ASA is operating at the current time. Most of Equinor ASA's value examination focuses on studying past and present price action to predict the probability of Equinor ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equinor ASA's price. Additionally, you may evaluate how the addition of Equinor ASA to your portfolios can decrease your overall portfolio volatility.