Suncor Energy Stock Probability of Future Stock Price Finishing Under 37.17
| SU Stock | USD 37.69 0.67 1.75% |
Closest to current price Suncor long CALL Option Payoff at Expiration
Suncor |
Suncor Energy Target Price Odds to finish below 37.17
The tendency of Suncor Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 37.17 or more in 90 days |
| 37.69 | 90 days | 37.17 | about 87.67 |
Based on a normal probability distribution, the odds of Suncor Energy to drop to $ 37.17 or more in 90 days from now is about 87.67 (This Suncor Energy probability density function shows the probability of Suncor Stock to fall within a particular range of prices over 90 days) . Probability of Suncor Energy price to stay between $ 37.17 and its current price of $37.69 at the end of the 90-day period is under 4.
Allowing for the 90-day total investment horizon Suncor Energy has a beta of 0.89. This usually implies Suncor Energy market returns are related to returns on the market. As the market goes up or down, Suncor Energy is expected to follow. Additionally Suncor Energy has an alpha of 0.198, implying that it can generate a 0.2 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Suncor Energy Price Density |
| Price |
Predictive Modules for Suncor Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Suncor Energy. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Suncor Energy is not an exception. The market had few large corrections towards the Suncor Energy's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Suncor Energy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Suncor Energy within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.20 | |
β | Beta against NYSE Composite | 0.89 | |
σ | Overall volatility | 2.51 | |
Ir | Information ratio | 0.14 |
Suncor Energy Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Suncor Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Suncor Energy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Suncor Energy has a strong financial position based on the latest SEC filings | |
| About 67.0% of the company shares are owned by institutional investors | |
| On 25th of March 2024 Suncor Energy paid $ 0.4033 per share dividend to its current shareholders | |
| Latest headline from phys.org: More than two dozen Colorado water systems exceed EPAs new limits on forever chemicals |
Suncor Energy Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Suncor Stock often depends not only on the future outlook of the current and potential Suncor Energy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Suncor Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.3 B | |
| Cash And Short Term Investments | 1.7 B |
Suncor Energy Technical Analysis
Suncor Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Suncor Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Suncor Energy. In general, you should focus on analyzing Suncor Stock price patterns and their correlations with different microeconomic environments and drivers.
Suncor Energy Predictive Forecast Models
Suncor Energy's time-series forecasting models is one of many Suncor Energy's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Suncor Energy's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Suncor Energy
Checking the ongoing alerts about Suncor Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Suncor Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Suncor Energy has a strong financial position based on the latest SEC filings | |
| About 67.0% of the company shares are owned by institutional investors | |
| On 25th of March 2024 Suncor Energy paid $ 0.4033 per share dividend to its current shareholders | |
| Latest headline from phys.org: More than two dozen Colorado water systems exceed EPAs new limits on forever chemicals |
Check out Suncor Energy Backtesting, Suncor Energy Valuation, Suncor Energy Correlation, Suncor Energy Hype Analysis, Suncor Energy Volatility, Suncor Energy History as well as Suncor Energy Performance. For more information on how to buy Suncor Stock please use our How to Invest in Suncor Energy guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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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Is Suncor Energy'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 Suncor Energy. If investors know Suncor 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 Suncor Energy 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 0.066 | Dividend Share 2.105 | Earnings Share 4.6 | Revenue Per Share 37.532 | Quarterly Revenue Growth (0.08) |
The market value of Suncor Energy is measured differently than its book value, which is the value of Suncor that is recorded on the company's balance sheet. Investors also form their own opinion of Suncor Energy's value that differs from its market value or its book value, called intrinsic value, which is Suncor Energy'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 Suncor Energy's market value can be influenced by many factors that don't directly affect Suncor Energy'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 Suncor Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Suncor Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Suncor Energy'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.