Equinor ASA Risk Analysis And Volatility

EQNR -- USA Stock  

USD 19.66  0.42  2.09%

Macroaxis considers Equinor ASA to be not too volatile. Equinor ASA secures Sharpe Ratio (or Efficiency) of -0.0063 which denotes the organization had -0.0063% of return per unit of risk over the last 3 months. Macroaxis philosophy towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Equinor ASA exposes twenty-six different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Equinor ASA Coefficient Of Variation of 3396.16, Downside Deviation of 1.57 and Mean Deviation of 1.38 to check risk estimate we provide.

90 Days Market Risk

Not too volatile

Chance of Distress in 24 months

Below average

90 Days Economic Sensitivity

Responds to market
Horizon     30 Days    Login   to change

Equinor ASA Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Equinor ASA will likely underperform.
3 Months Beta |Analyze Equinor ASA Demand Trend
Check current 30 days Equinor ASA correlation with market (DOW)
β = 1.2303

Equinor ASA Central Daily Price Deviation

Equinor ASA Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Equinor ASA Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Equinor ASA Projected Return Density Against Market

Given the investment horizon of 30 days, the stock has beta coefficient of 1.2303 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Equinor ASA will likely underperform. Moreover, The company has an alpha of 0.0083 implying that it can potentially generate 0.0083% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of Equinor ASA is -15758.45. The daily returns are destributed with a variance of 3.48 and standard deviation of 1.86. The mean deviation of Equinor ASA is currently at 1.35. For similar time horizon, the selected benchmark (DOW) has volatility of 0.9
α
Alpha over DOW
=0.0083
β
Beta against DOW=1.23
σ
Overall volatility
=1.86
Ir
Information ratio =0.0081

Equinor ASA Return Volatility

the enterprise inherits 1.8645% risk (volatility on return distribution) over the 30 days horizon. the entity inherits 0.9088% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Equinor ASA Investment Opportunity

Equinor ASA has a volatility of 1.86 and is 2.04 times more volatile than DOW. 16% of all equities and portfolios are less risky than Equinor ASA. Compared to the overall equity markets, volatility of historical daily returns of Equinor ASA is lower than 16 (%) of all global equities and portfolios over the last 30 days. Use Equinor ASA to protect your portfolios against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Equinor ASA to be traded at $18.87 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Equinor ASA will likely underperform.

Equinor ASA correlation with market

correlation synergy
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Equinor ASA and equity matching DJI index in the same portfolio.

Equinor ASA Current Risk Indicators

Equinor ASA Suggested Diversification Pairs

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