Suncor Energy Stock Market Value
| SU Stock | CAD 52.99 0.60 1.15% |
| Symbol | Suncor |
Suncor Energy Price To Book Ratio
Suncor Energy '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 Suncor Energy'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 Suncor Energy.
| 03/21/2024 |
| 04/20/2024 |
If you would invest 0.00 in Suncor Energy on March 21, 2024 and sell it all today you would earn a total of 0.00 from holding Suncor Energy or generate 0.0% return on investment in Suncor Energy over 30 days. Suncor Energy is related to or competes with Enbridge, Canadian Natural, Toronto Dominion, Bank of Nova Scotia, and Royal Bank. Suncor Energy Inc. operates as an integrated energy company More
Suncor Energy 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 Suncor Energy'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 Suncor Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.0 | |||
| Information Ratio | 0.2209 | |||
| Maximum Drawdown | 6.81 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 2.3 |
Suncor Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suncor Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suncor Energy's standard deviation. In reality, there are many statistical measures that can use Suncor Energy historical prices to predict the future Suncor Energy's volatility.| Risk Adjusted Performance | 0.1825 | |||
| Jensen Alpha | 0.3248 | |||
| Total Risk Alpha | 0.196 | |||
| Sortino Ratio | 0.2722 | |||
| Treynor Ratio | 1.13 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Suncor Energy'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.
Suncor Energy Backtested Returns
Suncor Energy appears to be very steady, given 3 months investment horizon. Suncor Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.29, which indicates the firm had a 0.29% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Suncor Energy, which you can use to evaluate the volatility of the company. Please review Suncor Energy's Coefficient Of Variation of 344.73, semi deviation of 0.5974, and Risk Adjusted Performance of 0.1825 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Suncor Energy holds a performance score of 22. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Suncor Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Suncor Energy is expected to be smaller as well. Please check Suncor Energy's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Suncor Energy's existing price patterns will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
Suncor Energy has weak reverse predictability. Overlapping area represents the amount of predictability between Suncor Energy time series from 21st of March 2024 to 5th of April 2024 and 5th of April 2024 to 20th 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 Suncor Energy price movement. The serial correlation of -0.21 indicates that over 21.0% of current Suncor Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Suncor Energy lagged returns against current returns
Autocorrelation, which is Suncor Energy 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 Suncor Energy's stock expected returns. We can calculate the autocorrelation of Suncor Energy returns to help us make a trade decision. For example, suppose you find that Suncor Energy 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 |
Suncor Energy 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 Suncor Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suncor Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suncor Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Suncor Energy Lagged Returns
When evaluating Suncor Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suncor Energy stock have on its future price. Suncor Energy 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, Suncor Energy autocorrelation shows the relationship between Suncor Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Suncor Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Suncor Energy is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Suncor Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Suncor Energy Stock. Highlighted below are key reports to facilitate an investment decision about Suncor Energy Stock:Check out Suncor Energy Correlation, Suncor Energy Volatility and Suncor Energy Alpha and Beta module to complement your research on Suncor Energy. To learn how to invest in Suncor Stock, please use our How to Invest in Suncor Energy guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Suncor Stock analysis
When running Suncor Energy's price analysis, check to measure Suncor Energy'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 Suncor Energy is operating at the current time. Most of Suncor Energy's value examination focuses on studying past and present price action to predict the probability of Suncor Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Suncor Energy's price. Additionally, you may evaluate how the addition of Suncor Energy to your portfolios can decrease your overall portfolio volatility.
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Suncor Energy 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.