Equinor Asa Adr Stock Beta

EQNR Stock

USD 27.10 0.02 0.07%

Equinor ASA ADR fundamentals help investors to digest information that contributes to Equinor ASA's financial success or failures. It also enables traders to predict the movement of Equinor Stock. The fundamental analysis module provides a way to measure Equinor ASA's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Equinor ASA stock.

Short Long Term Debt Total Total Assets

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Equinor ASA ADR Company Beta Analysis

Equinor ASA's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Equinor ASA Beta

0.35

Most of Equinor ASA's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Equinor ASA ADR is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Equinor Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Equinor ASA is extremely important. It helps to project a fair market value of Equinor Stock properly, considering its historical fundamentals such as Beta. Since Equinor ASA's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Equinor ASA's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Equinor ASA's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt	Short Term Investments	Intangible Assets	Property Plant Equipment	Treasury Stock	Good Will	Net Tangible Assets	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.91	0.54	0.35	0.73	0.75	0.79	0.97	0.66	0.48	0.74	0.65	0.38	0.44	0.84	-0.85	0.58	0.26	0.24	0.26	-0.14	0.22	0.28	0.42	0.03
Total Stockholder Equity	0.91		0.38	0.09	0.72	0.89	0.66	0.78	0.47	0.21	0.77	0.5	0.17	0.65	0.88	-0.79	0.51	0.34	-0.07	-0.01	0.06	-0.01	0.16	0.18	0.09
Current Deferred Revenue	0.54	0.38		-0.12	0.72	0.18	0.77	0.59	0.88	0.74	0.33	0.01	0.76	-0.09	0.21	-0.25	0.54	0.52	0.41	0.47	-0.44	0.39	0.7	0.75	-0.57
Net Debt	0.35	0.09	-0.12		0.0	0.03	-0.04	0.47	0.09	0.38	0.12	0.85	0.19	-0.02	0.37	-0.58	-0.13	-0.49	0.49	0.27	-0.32	0.43	-0.12	0.04	0.13
Retained Earnings	0.73	0.72	0.72	0.0		0.61	0.71	0.67	0.81	0.69	0.64	0.24	0.68	0.23	0.56	-0.57	0.54	0.49	0.38	0.35	-0.5	0.45	0.7	0.58	-0.55
Accounts Payable	0.75	0.89	0.18	0.03	0.61		0.56	0.6	0.3	0.12	0.76	0.38	0.01	0.77	0.8	-0.67	0.58	0.31	-0.21	0.01	0.23	-0.21	0.06	0.01	0.07
Net Receivables	0.79	0.66	0.77	-0.04	0.71	0.56		0.8	0.82	0.52	0.52	0.17	0.56	0.14	0.4	-0.45	0.66	0.6	0.27	0.4	-0.17	0.23	0.58	0.73	-0.14
Total Liab	0.97	0.78	0.59	0.47	0.67	0.6	0.8		0.71	0.59	0.66	0.69	0.48	0.28	0.74	-0.81	0.57	0.2	0.41	0.4	-0.24	0.33	0.33	0.52	0.0
Total Current Assets	0.66	0.47	0.88	0.09	0.81	0.3	0.82	0.71		0.82	0.31	0.25	0.91	-0.17	0.25	-0.39	0.47	0.5	0.52	0.48	-0.52	0.48	0.85	0.89	-0.58
Short Term Debt	0.48	0.21	0.74	0.38	0.69	0.12	0.52	0.59	0.82		0.28	0.3	0.88	-0.24	0.22	-0.36	0.42	0.23	0.78	0.76	-0.75	0.71	0.7	0.71	-0.7
Common Stock	0.74	0.77	0.33	0.12	0.64	0.76	0.52	0.66	0.31	0.28		0.37	0.01	0.74	0.83	-0.76	0.58	-0.01	0.14	0.18	-0.09	0.09	-0.01	-0.01	0.0
Long Term Debt	0.65	0.5	0.01	0.85	0.24	0.38	0.17	0.69	0.25	0.3	0.37		0.18	0.28	0.69	-0.83	0.02	-0.38	0.26	0.05	-0.13	0.2	-0.09	0.05	0.15
Short Term Investments	0.38	0.17	0.76	0.19	0.68	0.01	0.56	0.48	0.91	0.88	0.01	0.18		-0.45	0.0	-0.2	0.24	0.43	0.66	0.53	-0.72	0.67	0.91	0.89	-0.73
Intangible Assets	0.44	0.65	-0.09	-0.02	0.23	0.77	0.14	0.28	-0.17	-0.24	0.74	0.28	-0.45		0.77	-0.59	0.31	-0.12	-0.47	-0.35	0.42	-0.44	-0.44	-0.52	0.25
Property Plant Equipment	0.84	0.88	0.21	0.37	0.56	0.8	0.4	0.74	0.25	0.22	0.83	0.69	0.0	0.77		-0.9	0.43	-0.04	0.01	0.01	0.01	0.02	-0.12	-0.11	0.11
Treasury Stock	-0.85	-0.79	-0.25	-0.58	-0.57	-0.67	-0.45	-0.81	-0.39	-0.36	-0.76	-0.83	-0.2	-0.59	-0.9		-0.25	0.17	-0.21	-0.02	0.18	-0.22	-0.04	-0.08	-0.05
Good Will	0.58	0.51	0.54	-0.13	0.54	0.58	0.66	0.57	0.47	0.42	0.58	0.02	0.24	0.31	0.43	-0.25		0.46	0.17	0.54	-0.03	0.06	0.26	0.32	-0.14
Net Tangible Assets	0.26	0.34	0.52	-0.49	0.49	0.31	0.6	0.2	0.5	0.23	-0.01	-0.38	0.43	-0.12	-0.04	0.17	0.46		-0.02	0.26	-0.06	0.09	0.58	0.58	-0.23
Long Term Investments	0.24	-0.07	0.41	0.49	0.38	-0.21	0.27	0.41	0.52	0.78	0.14	0.26	0.66	-0.47	0.01	-0.21	0.17	-0.02		0.76	-0.89	0.92	0.49	0.59	-0.41
Short Long Term Debt	0.26	-0.01	0.47	0.27	0.35	0.01	0.4	0.4	0.48	0.76	0.18	0.05	0.53	-0.35	0.01	-0.02	0.54	0.26	0.76		-0.53	0.58	0.4	0.54	-0.33
Long Term Debt Total	-0.14	0.06	-0.44	-0.32	-0.5	0.23	-0.17	-0.24	-0.52	-0.75	-0.09	-0.13	-0.72	0.42	0.01	0.18	-0.03	-0.06	-0.89	-0.53		-0.96	-0.61	-0.53	0.63
Capital Surpluse	0.22	-0.01	0.39	0.43	0.45	-0.21	0.23	0.33	0.48	0.71	0.09	0.2	0.67	-0.44	0.02	-0.22	0.06	0.09	0.92	0.58	-0.96		0.54	0.55	-0.43
Net Invested Capital	0.28	0.16	0.7	-0.12	0.7	0.06	0.58	0.33	0.85	0.7	-0.01	-0.09	0.91	-0.44	-0.12	-0.04	0.26	0.58	0.49	0.4	-0.61	0.54		0.88	-0.7
Net Working Capital	0.42	0.18	0.75	0.04	0.58	0.01	0.73	0.52	0.89	0.71	-0.01	0.05	0.89	-0.52	-0.11	-0.08	0.32	0.58	0.59	0.54	-0.53	0.55	0.88		-0.45
Capital Stock	0.03	0.09	-0.57	0.13	-0.55	0.07	-0.14	0.0	-0.58	-0.7	0.0	0.15	-0.73	0.25	0.11	-0.05	-0.14	-0.23	-0.41	-0.33	0.63	-0.43	-0.7	-0.45

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Equinor ASA

In accordance with the recently published financial statements, Equinor ASA ADR has a Beta of 0.348. This is 79.53% lower than that of the Oil, Gas & Consumable Fuels sector and 68.93% lower than that of the Energy industry. The beta for all United States stocks is notably lower than that of the firm.

Equinor Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Equinor ASA's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Equinor ASA could also be used in its relative valuation, which is a method of valuing Equinor ASA by comparing valuation metrics of similar companies.

Equinor ASA is currently under evaluation in beta category among related companies.

Equinor ASA Institutional Holders

Institutional Holdings refers to the ownership stake in Equinor ASA that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Equinor ASA's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Equinor ASA's value.

		Shares
Optiver Holding B.v.	2023-12-31	1.3 M
Teachers Retirement System Of The State Of Kentucky	2023-12-31	1.1 M
Atlantic Trust Group, Llc	2023-12-31	1 M
Van Eck Associates Corporation	2023-12-31	1 M
Citigroup Inc	2023-12-31	1 M
Royal Bank Of Canada	2023-12-31	892.6 K
Sei Investments Co	2023-12-31	838 K
F.l.putnam Investment Management	2023-12-31	805.3 K
Ci Investments Inc	2023-12-31	744.4 K
Folketrygdfondet	2023-12-31	108 M
Fmr Inc	2023-12-31	10.7 M

As returns on the market increase, Equinor ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Equinor ASA is expected to be smaller as well.

Equinor Fundamentals

	Return On Equity	0.23
	Return On Asset	0.15
	Profit Margin	0.11 %
	Operating Margin	0.28 %
	Current Valuation	72.83 B
	Shares Outstanding	2.93 B
	Shares Owned By Institutions	5.79 %
	Number Of Shares Shorted	11.2 M
	Price To Earning	4.99 X
	Price To Book	1.70 X
	Price To Sales	0.79 X
	Revenue	106.85 B
	Gross Profit	85.59 B
	EBITDA	46.08 B
	Net Income	11.88 B
	Cash And Equivalents	44.34 B
	Cash Per Share	14.09 X
	Total Debt	31.8 B
	Debt To Equity	0.75 %
	Current Ratio	1.65 X
	Book Value Per Share	16.47 X
	Cash Flow From Operations	24.7 B
	Short Ratio	3.10 X
	Earnings Per Share	3.93 X
	Price To Earnings To Growth	3.57 X
	Target Price	31.85
	Number Of Employees	23.45 K
	Beta	0.35
	Market Capitalization	79.37 B
	Total Asset	143.58 B
	Retained Earnings	56.52 B
	Working Capital	25.86 B
	Current Asset	27.95 B
	Current Liabilities	19.14 B
	Annual Yield	0.05 %
	Five Year Return	3.93 %
	Net Asset	143.58 B
	Last Dividend Paid	1.25

About Equinor ASA Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Equinor ASA ADR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Equinor ASA using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Equinor ASA ADR based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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.

Moving against Equinor Stock

0.66

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Pair Corr

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 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 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 Correlation Correlation Matching

When determining whether Equinor ASA ADR is a strong investment it is important to analyze Equinor ASA's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Equinor ASA's future performance. For an informed investment choice regarding Equinor Stock, refer to the following important reports:

How To Invest In Equinor

Details

Is Equinor Stock a good investment?

Details

What is Equinor ASA's Net Worth?

Details

Largest Oil, Gas & Consumable Fuels Companies

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Largest Oil & Gas Integrated Companies

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Check out Equinor ASA Piotroski F Score and Equinor ASA Altman Z Score analysis.

You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for Equinor Stock analysis

When running Equinor ASA's 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 the 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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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

(0.65)

Dividend Share

1.25

Earnings Share

3.93

Revenue Per Share

17.684

Quarterly Revenue Growth

(0.15)

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 if Equinor ASA is a good investment 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Equinor Asa Adr Stock Beta

Equinor ASA ADR Company Beta Analysis

Beta

Covariance

Variance

Current Equinor ASA Beta

Equinor Beta Driver Correlations

Equinor Beta Peer Comparison

Equinor ASA Institutional Holders

Equinor Fundamentals

About Equinor ASA Fundamental Analysis

Pair Trading with Equinor ASA

Moving against Equinor Stock

Complementary Tools for Equinor Stock analysis

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