Equinor Stock Market Value

EQNR
 Stock
  

USD 32.54  2.84  8.03%   

Equinor ASA's market value is the price at which a share of Equinor ASA stock trades on a public exchange. It measures the collective expectations of Equinor ASA ADR investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Equinor ASA ADR and determine expected loss or profit from investing in Equinor ASA over a given investment horizon. Continue to Equinor ASA Hype Analysis, Equinor ASA Correlation, Equinor ASA Valuation, Equinor ASA Volatility, as well as analyze Equinor ASA Alpha and Beta and Equinor ASA Performance.
Symbol
Backtest


Is Equinor ASA'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 Equinor ASA. If investors know Equinor 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 Equinor ASA 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 YOY
1.56
Market Capitalization
113.8 B
Quarterly Revenue Growth YOY
1.24
Return On Assets
0.2
Return On Equity
0.29
The market value of Equinor ASA ADR is measured differently than its book value, which is the value of Equinor that is recorded on the company's balance sheet. Investors also form their own opinion of Equinor ASA's value that differs from its market value or its book value, called intrinsic value, which is Equinor ASA'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 Equinor ASA's market value can be influenced by many factors that don't directly affect Equinor ASA'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 Equinor ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine Equinor ASA value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equinor ASA'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.

Equinor ASA '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 Equinor ASA'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 Equinor ASA.
0.00
07/09/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
06/29/2022
0.00
If you would invest  0.00  in Equinor ASA on July 9, 2020 and sell it all today you would earn a total of 0.00 from holding Equinor ASA ADR or generate 0.0% return on investment in Equinor ASA over 720 days. Equinor ASA is related to or competes with Cenovus Energy, Chevron Corp, ConocoPhillips, Antero Resources, Disney, JP Morgan, and Home Depot. Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petro...More

Equinor ASA 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 Equinor ASA'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 Equinor ASA ADR upside and downside potential and time the market with a certain degree of confidence.

Equinor ASA Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Equinor ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equinor ASA's standard deviation. In reality, there are many statistical measures that can use Equinor ASA historical prices to predict the future Equinor ASA's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Equinor ASA'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. Please use the tools below to analyze the current value of Equinor ASA in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
32.5435.2537.96
Details
Intrinsic
Valuation
LowReal ValueHigh
30.1632.8735.58
Details
Naive
Forecast
LowNext ValueHigh
30.8133.5336.24
Details
8 Analysts
Consensus
LowTarget PriceHigh
28.0030.4334.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Equinor ASA. Your research has to be compared to or analyzed against Equinor ASA's peers to derive any actionable benefits. When done correctly, Equinor ASA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Equinor ASA ADR.

Equinor ASA ADR Backtested Returns

Equinor ASA ADR secures Sharpe Ratio (or Efficiency) of -0.0143, which denotes the company had -0.0143% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Equinor ASA ADR exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Equinor ASA ADR mean deviation of 2.18, and Coefficient Of Variation of (101,622) to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.7895, which means possible diversification benefits within a given portfolio. Let's try to break down what Equinor's beta means in this case. As returns on the market increase, Equinor ASA returns are expected to increase less than the market. However, during the bear market, the loss on holding Equinor ASA will be expected to be smaller as well. Even though it is essential to pay attention to Equinor ASA ADR historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Equinor ASA ADR exposes twenty-one different technical indicators, which can help you to evaluate its performance. Equinor ASA ADR has an expected return of -0.039%. Please be advised to confirm Equinor ASA ADR information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Equinor ASA ADR performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.83  

Very good predictability

Equinor ASA ADR has very good predictability. Overlapping area represents the amount of predictability between Equinor ASA time series from 9th of July 2020 to 4th of July 2021 and 4th of July 2021 to 29th of June 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Equinor ASA ADR price movement. The serial correlation of 0.83 indicates that around 83.0% of current Equinor ASA price fluctuation can be explain by its past prices.
Correlation Coefficient0.83
Spearman Rank Test0.82
Residual Average0.0
Price Variance33.81

Equinor ASA ADR lagged returns against current returns

Autocorrelation, which is Equinor ASA 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 Equinor ASA's stock expected returns. We can calculate the autocorrelation of Equinor ASA returns to help us make a trade decision. For example, suppose you find that Equinor ASA stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Equinor ASA 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 Equinor ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equinor ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equinor ASA stock over time.
 Current vs Lagged Prices 
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      Timeline 

Equinor ASA Lagged Returns

When evaluating Equinor ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equinor ASA stock have on its future price. Equinor ASA 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, Equinor ASA autocorrelation shows the relationship between Equinor ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Equinor ASA ADR.
 Regressed Prices 
Share
      Timeline 

Equinor ASA Investors Sentiment

The influence of Equinor ASA's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Equinor. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Equinor ASA Implied Volatility

    
  47.22  
Equinor ASA's implied volatility exposes the market's sentiment of Equinor ASA ADR stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Equinor ASA's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Equinor ASA stock will not fluctuate a lot when Equinor ASA's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Equinor ASA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Equinor ASA's short interest history, or implied volatility extrapolated from Equinor ASA options trading.

Current Sentiment - EQNR

Equinor ASA ADR Investor Sentiment

Most of Macroaxis portfolio users are currently bearish on Equinor ASA ADR. What is your opinion about investing in Equinor ASA ADR? Are you bullish or bearish?
Bullish
Bearish
3% Bullish
97% Bearish

Pair Trading with Equinor ASA

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 Equinor ASA 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 Equinor ASA will appreciate offsetting losses from the drop in the long position's value.

Equinor ASA Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Equinor ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equinor ASA 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 Equinor ASA - 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 Equinor ASA ADR to buy it.
The correlation of Equinor ASA is a statistical measure of how it moves in relation to other equities. 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 Equinor ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equinor ASA ADR 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 Equinor ASA 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.
Pair CorrelationCorrelation Matching
Continue to Equinor ASA Hype Analysis, Equinor ASA Correlation, Equinor ASA Valuation, Equinor ASA Volatility, as well as analyze Equinor ASA Alpha and Beta and Equinor ASA Performance. Note that the Equinor ASA ADR information on this page should be used as a complementary analysis to other Equinor ASA's 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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When running Equinor ASA ADR price analysis, check to measure Equinor ASA'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 Equinor ASA is operating at the current time. Most of Equinor ASA's value examination focuses on studying past and present price action to predict the probability of Equinor ASA's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Equinor ASA's price. Additionally, you may evaluate how the addition of Equinor ASA to your portfolios can decrease your overall portfolio volatility.
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Equinor ASA 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.
A focus of Equinor ASA technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Equinor ASA trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...