Equity Bancshares Correlations
| EQBK Stock | USD 34.04 0.10 0.29% |
The correlation of Equity Bancshares 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 Equity Bancshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equity Bancshares 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.
Very weak diversification
The correlation between Equity Bancshares and NYA is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Bancshares and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Equity Bancshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equity Bancshares 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 Equity Bancshares - 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 Equity Bancshares to buy it.
Moving together with Equity Stock
| 0.68 | PB | Prosperity Bancshares Financial Report 24th of July 2024 | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Equity Stock performing well and Equity Bancshares Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Equity Bancshares' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Be your own money manager
Our tools can tell you how much better you can do entering a position in Equity Bancshares without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Equity Bancshares Corporate Management
Elected by the shareholders, the Equity Bancshares' board of directors comprises two types of representatives: Equity Bancshares inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Equity. The board's role is to monitor Equity Bancshares' management team and ensure that shareholders' interests are well served. Equity Bancshares' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Equity Bancshares' outside directors are responsible for providing unbiased perspectives on the board's policies.
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The danger of trading Equity Bancshares is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Equity Bancshares is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Equity Bancshares. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Equity Bancshares is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Equity Bancshares is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Equity Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Equity Bancshares Stock. Highlighted below are key reports to facilitate an investment decision about Equity Bancshares Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Bancshares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Equity Stock please use our How to buy in Equity Stock guide.Note that the Equity Bancshares information on this page should be used as a complementary analysis to other Equity Bancshares' 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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When running Equity Bancshares' price analysis, check to measure Equity Bancshares' 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 Bancshares is operating at the current time. Most of Equity Bancshares' value examination focuses on studying past and present price action to predict the probability of Equity Bancshares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equity Bancshares' price. Additionally, you may evaluate how the addition of Equity Bancshares to your portfolios can decrease your overall portfolio volatility.
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Is Equity Bancshares' industry 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 Equity Bancshares. If investors know Equity 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 Equity Bancshares 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 0.169 | Dividend Share 0.46 | Earnings Share 0.63 | Revenue Per Share 9.316 | Quarterly Revenue Growth 0.105 |
The market value of Equity Bancshares is measured differently than its book value, which is the value of Equity that is recorded on the company's balance sheet. Investors also form their own opinion of Equity Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Equity Bancshares' 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 Equity Bancshares' market value can be influenced by many factors that don't directly affect Equity Bancshares' 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 Equity Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Equity Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equity Bancshares' 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.