Sun Communities Stock Market Value
| SUI Stock | USD 120.30 0.26 0.22% |
| Symbol | Sun |
Sun Communities Price To Book Ratio
Is Sun Communities' 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 Sun Communities. If investors know Sun 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 Sun Communities 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 (0.01) | Dividend Share 3.72 | Earnings Share (1.72) | Revenue Per Share 25.77 | Quarterly Revenue Growth 0.092 |
The market value of Sun Communities is measured differently than its book value, which is the value of Sun that is recorded on the company's balance sheet. Investors also form their own opinion of Sun Communities' value that differs from its market value or its book value, called intrinsic value, which is Sun Communities' 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 Sun Communities' market value can be influenced by many factors that don't directly affect Sun Communities' 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 Sun Communities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sun Communities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sun Communities' 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.
Sun Communities '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 Sun Communities' 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 Sun Communities.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Sun Communities on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Sun Communities or generate 0.0% return on investment in Sun Communities over 30 days. Sun Communities is related to or competes with Clipper Realty, UDR, UMH Properties, American Homes, Equity Lifestyle, Nexpoint Residential, and Equity Residential. Sun Communities, Inc. is a REIT that, as of March 31, 2022, owned, operated, or had an interest in a portfolio of 603 de... More
Sun Communities 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 Sun Communities' 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 Sun Communities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.68 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 1.81 |
Sun Communities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sun Communities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sun Communities' standard deviation. In reality, there are many statistical measures that can use Sun Communities historical prices to predict the future Sun Communities' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sun Communities' 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.
Sun Communities Backtested Returns
Sun Communities owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0214, which indicates the firm had a -0.0214% return per unit of risk over the last 3 months. Sun Communities exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sun Communities' Risk Adjusted Performance of (0.04), coefficient of variation of (1,498), and Variance of 1.85 to confirm the risk estimate we provide. The entity has a beta of 1.16, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sun Communities will likely underperform. Sun Communities has an expected return of -0.0288%. Please make sure to validate Sun Communities treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Sun Communities performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Sun Communities has below average predictability. Overlapping area represents the amount of predictability between Sun Communities time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Sun Communities price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Sun Communities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 3.57 |
Sun Communities lagged returns against current returns
Autocorrelation, which is Sun Communities 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 Sun Communities' stock expected returns. We can calculate the autocorrelation of Sun Communities returns to help us make a trade decision. For example, suppose you find that Sun Communities 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 |
Sun Communities 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 Sun Communities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sun Communities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sun Communities stock over time.
Current vs Lagged Prices |
| Timeline |
Sun Communities Lagged Returns
When evaluating Sun Communities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sun Communities stock have on its future price. Sun Communities 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, Sun Communities autocorrelation shows the relationship between Sun Communities stock current value and its past values and can show if there is a momentum factor associated with investing in Sun Communities.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Sun Communities offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sun Communities' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sun Communities Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sun Communities Stock:Check out Sun Communities Correlation, Sun Communities Volatility and Sun Communities Alpha and Beta module to complement your research on Sun Communities. For more detail on how to invest in Sun Stock please use our How to Invest in Sun Communities guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Sun Stock analysis
When running Sun Communities' price analysis, check to measure Sun Communities' 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 Sun Communities is operating at the current time. Most of Sun Communities' value examination focuses on studying past and present price action to predict the probability of Sun Communities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sun Communities' price. Additionally, you may evaluate how the addition of Sun Communities to your portfolios can decrease your overall portfolio volatility.
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Sun Communities 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.