Equitable Group Stock Price on April 25, 2024
| EQB Stock | CAD 89.25 1.63 1.86% |
If you're considering investing in Equitable Stock, it is important to understand the factors that can impact its price. As of today, the current price of Equitable stands at 89.25, as last reported on the 4th of June, with the highest price reaching 90.24 and the lowest price hitting 88.48 during the day. We consider Equitable very steady. Equitable Group secures Sharpe Ratio (or Efficiency) of 0.0568, which denotes the company had a 0.0568% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Equitable Group, which you can use to evaluate the volatility of the firm. Please confirm Equitable's Downside Deviation of 1.66, mean deviation of 1.4, and Coefficient Of Variation of 1922.86 to check if the risk estimate we provide is consistent with the expected return of 0.13%.
Equitable Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Equitable |
Sharpe Ratio = 0.0568
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Estimated Market Risk
| 2.31 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Equitable is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Equitable by adding it to a well-diversified portfolio.
Equitable Valuation on April 25, 2024
It is possible to determine the worth of Equitable on a given historical date. On April 25, 2024 Equitable was worth 87.76 at the beginning of the trading date compared to the closed value of 88.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Equitable stock. Still, in general, we apply an absolute valuation method to find Equitable's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Equitable where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Equitable's related companies.
| Open | High | Low | Close | Volume | |
| 88.64 | 89.63 | 87.95 | 89.00 | 36,217 | |
04/25/2024 | 87.76 | 89.00 | 86.88 | 88.80 | 39,391 |
| 88.85 | 89.25 | 87.35 | 87.42 | 32,989 |
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Equitable Trading Date Momentum on April 25, 2024
| On April 26 2024 Equitable Group was traded for 87.42 at the closing time. The maximum traded price for the trading interval was 89.25 and the lowest daily price was 87.35 . The daily volume was recorded at 33 K. The volume of trading on 26th of April 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.55% . The overall trading delta to the closing price today is 3.06% . |
Equitable Group Fundamentals Correlations and Trends
By evaluating Equitable's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Equitable's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Equitable financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Equitable Stock history
Equitable investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Equitable is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Equitable Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Equitable stock prices may prove useful in developing a viable investing in Equitable
Equitable Group Inc., through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. Equitable Group Inc. was founded in 1970 and is headquartered in Toronto, Canada. EQUITABLE GROUP operates under Mortgage Finance classification in Canada and is traded on Toronto Stock Exchange. It employs 882 people.
Equitable Stock Technical Analysis
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.
Price Boundaries
Equitable Period Price Range
Low | April 25, 2024
| High |
87.76 | 88.80 |
Equitable June 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Equitable stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Equitable shares will generate the highest return on investment. By undertsting and applying Equitable stock market strength indicators, traders can identify Equitable Group entry and exit signals to maximize returns
Equitable Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Equitable's price direction in advance. Along with the technical and fundamental analysis of Equitable Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Equitable to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0399 | |||
| Jensen Alpha | 0.083 | |||
| Total Risk Alpha | 0.0145 | |||
| Sortino Ratio | 0.0503 | |||
| Treynor Ratio | 0.1075 |
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Other Information on Investing in Equitable Stock
Equitable financial ratios help investors to determine whether Equitable 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 Equitable with respect to the benefits of owning Equitable security.