Equitable Group Stock Market Value
| EQB Stock | CAD 89.00 0.59 0.67% |
| Symbol | Equitable |
Equitable Group Price To Book Ratio
Equitable '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 Equitable'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 Equitable.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Equitable on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Equitable Group or generate 0.0% return on investment in Equitable over 30 days. Equitable is related to or competes with Element Fleet, Martinrea International, and Mullen. Equitable Group Inc., through its subsidiary, Equitable Bank, provides various financial services to retail and commerci... More
Equitable 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 Equitable'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 Equitable Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.49 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.81 |
Equitable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equitable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equitable's standard deviation. In reality, there are many statistical measures that can use Equitable historical prices to predict the future Equitable's volatility.| Risk Adjusted Performance | 0.0099 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.0002) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equitable's 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.
Equitable Group Backtested Returns
Equitable Group secures Sharpe Ratio (or Efficiency) of -0.0242, which denotes the company had a -0.0242% return per unit of risk over the last 3 months. Equitable Group exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Equitable's Mean Deviation of 1.4, downside deviation of 2.2, and Coefficient Of Variation of 19977.28 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.29, 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, Equitable will likely underperform. Equitable Group has an expected return of -0.0474%. Please make sure to confirm Equitable Group skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if Equitable Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Equitable Group has below average predictability. Overlapping area represents the amount of predictability between Equitable time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Equitable Group price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Equitable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 2.62 |
Equitable Group lagged returns against current returns
Autocorrelation, which is Equitable 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 Equitable's stock expected returns. We can calculate the autocorrelation of Equitable returns to help us make a trade decision. For example, suppose you find that Equitable 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 |
Equitable 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 Equitable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equitable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equitable stock over time.
Current vs Lagged Prices |
| Timeline |
Equitable Lagged Returns
When evaluating Equitable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equitable stock have on its future price. Equitable 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, Equitable autocorrelation shows the relationship between Equitable stock current value and its past values and can show if there is a momentum factor associated with investing in Equitable Group.
Regressed Prices |
| Timeline |
Pair Trading with Equitable
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 Equitable 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 Equitable will appreciate offsetting losses from the drop in the long position's value.Moving against Equitable Stock
| 0.74 | CYB | Cymbria | PairCorr |
| 0.62 | CNQ | Canadian Natural Res Earnings Call This Week | PairCorr |
| 0.51 | ARX | ARC Resources Earnings Call This Week | PairCorr |
| 0.49 | MNT | Royal Canadian Mint | PairCorr |
| 0.43 | IVN | Ivanhoe Mines Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Equitable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equitable 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 Equitable - 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 Equitable Group to buy it.
The correlation of Equitable 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 Equitable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equitable Group 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 Equitable 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.Check out Equitable Correlation, Equitable Volatility and Equitable Alpha and Beta module to complement your research on Equitable. Note that the Equitable Group information on this page should be used as a complementary analysis to other Equitable's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Equitable Stock analysis
When running Equitable's price analysis, check to measure Equitable'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 Equitable is operating at the current time. Most of Equitable's value examination focuses on studying past and present price action to predict the probability of Equitable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equitable's price. Additionally, you may evaluate how the addition of Equitable to your portfolios can decrease your overall portfolio volatility.
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Equitable technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.