Equinix Stock Market Value
EQIX Stock | USD 825.33 10.02 1.23% |
Symbol | Equinix |
Equinix Price To Book Ratio
Is Equinix's 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 Equinix. If investors know Equinix 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 Equinix 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 0.731 | Dividend Share 14.49 | Earnings Share 10.27 | Revenue Per Share 82.834 | Quarterly Revenue Growth 0.154 |
The market value of Equinix is measured differently than its book value, which is the value of Equinix that is recorded on the company's balance sheet. Investors also form their own opinion of Equinix's value that differs from its market value or its book value, called intrinsic value, which is Equinix'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 Equinix's market value can be influenced by many factors that don't directly affect Equinix'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 Equinix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equinix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equinix'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.
Equinix '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 Equinix'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 Equinix.
04/09/2022 |
| 03/29/2024 |
If you would invest 0.00 in Equinix on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Equinix or generate 0.0% return on investment in Equinix over 720 days. Equinix is related to or competes with Power REIT, EPR Properties, Iron Mountain, and Outfront Media. Equinix is the worlds digital infrastructure company, enabling digital leaders to harness a trusted platform to bring to... More
Equinix 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 Equinix'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 Equinix upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.32 | |||
Information Ratio | (0.05) | |||
Maximum Drawdown | 7.93 | |||
Value At Risk | (2.14) | |||
Potential Upside | 2.16 |
Equinix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equinix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equinix's standard deviation. In reality, there are many statistical measures that can use Equinix historical prices to predict the future Equinix's volatility.Risk Adjusted Performance | 0.0313 | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.27) | |||
Sortino Ratio | (0.05) | |||
Treynor Ratio | 0.0409 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equinix'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.
Equinix Backtested Returns
We consider Equinix very steady. Equinix secures Sharpe Ratio (or Efficiency) of 0.0326, which denotes the company had a 0.0326% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Equinix, which you can use to evaluate the volatility of the firm. Please confirm Equinix's Downside Deviation of 1.32, mean deviation of 1.13, and Coefficient Of Variation of 2210.44 to check if the risk estimate we provide is consistent with the expected return of 0.0486%. Equinix has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.36, 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, Equinix will likely underperform. Equinix right now shows a risk of 1.49%. Please confirm Equinix downside variance, as well as the relationship between the daily balance of power and relative strength index , to decide if Equinix will be following its price patterns.
Auto-correlation | 0.39 |
Below average predictability
Equinix has below average predictability. Overlapping area represents the amount of predictability between Equinix time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 Equinix price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Equinix price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.39 | |
Spearman Rank Test | 0.13 | |
Residual Average | 0.0 | |
Price Variance | 2894.52 |
Equinix lagged returns against current returns
Autocorrelation, which is Equinix 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 Equinix's stock expected returns. We can calculate the autocorrelation of Equinix returns to help us make a trade decision. For example, suppose you find that Equinix 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 |
Equinix 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 Equinix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equinix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equinix stock over time.
Current vs Lagged Prices |
Timeline |
Equinix Lagged Returns
When evaluating Equinix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equinix stock have on its future price. Equinix 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, Equinix autocorrelation shows the relationship between Equinix stock current value and its past values and can show if there is a momentum factor associated with investing in Equinix.
Regressed Prices |
Timeline |
Pair Trading with Equinix
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 Equinix 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 Equinix will appreciate offsetting losses from the drop in the long position's value.Moving against Equinix Stock
0.78 | RC | Ready Capital Corp Financial Report 13th of May 2024 | PairCorr |
0.72 | BDN | Brandywine Realty Trust Financial Report 17th of April 2024 | PairCorr |
0.7 | HR | Healthcare Realty Trust Financial Report 14th of May 2024 | PairCorr |
0.69 | HPP | Hudson Pacific Properties Financial Report 13th of May 2024 | PairCorr |
0.68 | KW | Kennedy-Wilson Holdings Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Equinix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equinix 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 Equinix - 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 Equinix to buy it.
The correlation of Equinix 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 Equinix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equinix 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 Equinix 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 Equinix Correlation, Equinix Volatility and Equinix Alpha and Beta module to complement your research on Equinix. For more information on how to buy Equinix Stock please use our How to Invest in Equinix guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Equinix Stock analysis
When running Equinix's price analysis, check to measure Equinix'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 Equinix is operating at the current time. Most of Equinix's value examination focuses on studying past and present price action to predict the probability of Equinix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equinix's price. Additionally, you may evaluate how the addition of Equinix to your portfolios can decrease your overall portfolio volatility.
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