Equinor Asa Adr Stock Short Ratio
| EQNR Stock | USD 28.66 0.01 0.03% |
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.
Equinor | Short Ratio |
Equinor ASA ADR Company Short Ratio Analysis
Equinor ASA's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Equinor ASA Short Ratio | 3.72 X |
Most of Equinor ASA's fundamental indicators, such as Short Ratio, 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 Short Ratio 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 Short Ratio. 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.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
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Equinor Price To Sales Ratio
Price To Sales Ratio |
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Based on the latest financial disclosure, Equinor ASA ADR has a Short Ratio of 3.72 times. This is 27.63% lower than that of the Oil, Gas & Consumable Fuels sector and 13.41% higher than that of the Energy industry. The short ratio for all United States stocks is 7.0% higher than that of the company.
Equinor Short Ratio 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 Short Ratio 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 short ratio category among related companies.
Equinor ASA ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Equinor ASA's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Equinor ASA's managers, analysts, and investors.Environmental | Governance | Social |
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 | 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 | Pacer Advisors, Inc. | 2023-12-31 | 694.8 K | Folketrygdfondet | 2024-03-31 | 105.1 M | Fmr Inc | 2023-12-31 | 10.7 M |
Equinor Fundamentals
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.13 | ||||
| Profit Margin | 0.09 % | ||||
| Operating Margin | 0.30 % | ||||
| Current Valuation | 75.48 B | ||||
| Shares Outstanding | 2.93 B | ||||
| Shares Owned By Institutions | 5.66 % | ||||
| Number Of Shares Shorted | 13.34 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 | 17.04 X | ||||
| Cash Flow From Operations | 24.7 B | ||||
| Short Ratio | 3.72 X | ||||
| Earnings Per Share | 3.25 X | ||||
| Price To Earnings To Growth | 3.57 X | ||||
| Target Price | 31.48 | ||||
| Number Of Employees | 23.45 K | ||||
| Beta | 0.34 | ||||
| Market Capitalization | 84.36 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 | 1.3 |
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 together with Equinor Stock
| 0.85 | E | Eni SpA ADR | PairCorr |
| 0.87 | BP | BP PLC ADR | PairCorr |
| 0.87 | SU | Suncor Energy | PairCorr |
Moving against Equinor Stock
| 0.53 | NC | NACCO Industries | PairCorr |
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.Check out Equinor ASA Piotroski F Score and Equinor ASA Altman Z Score analysis. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
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 (0.43) | Dividend Share 1.3 | Earnings Share 3.25 | Revenue Per Share 17.259 | Quarterly Revenue Growth (0.14) |
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.