Eqt Corporation Stock Market Value
| EQT Stock | USD 41.05 0.44 1.08% |
| Symbol | EQT |
EQT Corporation Price To Book Ratio
Is EQT'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 EQT. If investors know EQT 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 EQT 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 (0.93) | Dividend Share 0.615 | Earnings Share 1.35 | Revenue Per Share 11.028 | Quarterly Revenue Growth (0.31) |
The market value of EQT Corporation is measured differently than its book value, which is the value of EQT that is recorded on the company's balance sheet. Investors also form their own opinion of EQT's value that differs from its market value or its book value, called intrinsic value, which is EQT'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 EQT's market value can be influenced by many factors that don't directly affect EQT'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 EQT's value and its price as these two are different measures arrived at by different means. Investors typically determine if EQT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EQT'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.
EQT '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 EQT'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 EQT.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in EQT on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding EQT Corporation or generate 0.0% return on investment in EQT over 30 days. EQT is related to or competes with Southwestern Energy, Antero Resources, Chesapeake Energy, Matador Resources, Pioneer Natural, Devon Energy, and Diamondback Energy. EQT Corporation operates as a natural gas production company in the United States More
EQT 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 EQT'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 EQT Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.062 | |||
| Maximum Drawdown | 18.34 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 3.6 |
EQT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EQT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EQT's standard deviation. In reality, there are many statistical measures that can use EQT historical prices to predict the future EQT's volatility.| Risk Adjusted Performance | 0.0707 | |||
| Jensen Alpha | 0.142 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0716 | |||
| Treynor Ratio | 0.2261 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EQT'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.
EQT Corporation Backtested Returns
EQT appears to be very steady, given 3 months investment horizon. EQT Corporation secures Sharpe Ratio (or Efficiency) of 0.0942, which denotes the company had a 0.0942% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for EQT Corporation, which you can use to evaluate the volatility of the firm. Please utilize EQT's Market Risk Adjusted Performance of 0.2361, mean deviation of 1.45, and Downside Deviation of 1.94 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EQT holds a performance score of 7. The firm shows a Beta (market volatility) of 0.97, which means possible diversification benefits within a given portfolio. EQT returns are very sensitive to returns on the market. As the market goes up or down, EQT is expected to follow. Please check EQT's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether EQT's price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
EQT Corporation has weak predictability. Overlapping area represents the amount of predictability between EQT time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th 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 EQT Corporation price movement. The serial correlation of 0.23 indicates that over 23.0% of current EQT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 3.47 |
EQT Corporation lagged returns against current returns
Autocorrelation, which is EQT 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 EQT's stock expected returns. We can calculate the autocorrelation of EQT returns to help us make a trade decision. For example, suppose you find that EQT 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 |
EQT 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 EQT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EQT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EQT stock over time.
Current vs Lagged Prices |
| Timeline |
EQT Lagged Returns
When evaluating EQT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EQT stock have on its future price. EQT 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, EQT autocorrelation shows the relationship between EQT stock current value and its past values and can show if there is a momentum factor associated with investing in EQT Corporation.
Regressed Prices |
| Timeline |
Pair Trading with EQT
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 EQT 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 EQT will appreciate offsetting losses from the drop in the long position's value.Moving together with EQT Stock
| 0.71 | AR | Antero Resources Corp | PairCorr |
The ability to find closely correlated positions to EQT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EQT 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 EQT - 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 EQT Corporation to buy it.
The correlation of EQT 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 EQT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EQT Corporation 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 EQT 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 EQT Correlation, EQT Volatility and EQT Alpha and Beta module to complement your research on EQT. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for EQT Stock analysis
When running EQT's price analysis, check to measure EQT'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 EQT is operating at the current time. Most of EQT's value examination focuses on studying past and present price action to predict the probability of EQT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EQT's price. Additionally, you may evaluate how the addition of EQT to your portfolios can decrease your overall portfolio volatility.
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EQT 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.