Sun Country Airlines Stock Market Value
| SNCY Stock | USD 14.29 0.53 3.58% |
| Symbol | Sun |
Sun Country Airlines Price To Book Ratio
Is Sun Country'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 Sun Country. 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 Country 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 (0.18) | Earnings Share 1.23 | Revenue Per Share 18.91 | Quarterly Revenue Growth 0.081 | Return On Assets 0.0506 |
The market value of Sun Country Airlines 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 Country's value that differs from its market value or its book value, called intrinsic value, which is Sun Country'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 Sun Country's market value can be influenced by many factors that don't directly affect Sun Country'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 Sun Country's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sun Country is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sun Country'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.
Sun Country '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 Country'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 Sun Country.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Sun Country on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Sun Country Airlines or generate 0.0% return on investment in Sun Country over 30 days. Sun Country is related to or competes with Spirit Airlines, JetBlue Airways, Hawaiian Holdings, Allegiant Travel, Copa Holdings, SkyWest, and Air Transport. Sun Country Airlines Holdings, Inc., an air carrier company, provides scheduled passenger, air cargo, charter air transp... More
Sun Country 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 Country'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 Sun Country Airlines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | 0.0744 | |||
| Maximum Drawdown | 13.21 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 4.8 |
Sun Country Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sun Country's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sun Country's standard deviation. In reality, there are many statistical measures that can use Sun Country historical prices to predict the future Sun Country's volatility.| Risk Adjusted Performance | 0.078 | |||
| Jensen Alpha | 0.1058 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0759 | |||
| Treynor Ratio | 0.1409 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sun Country'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.
Sun Country Airlines Backtested Returns
We consider Sun Country not too volatile. Sun Country Airlines owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0193, which indicates the firm had a 0.0193% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sun Country Airlines, which you can use to evaluate the volatility of the company. Please validate Sun Country's Coefficient Of Variation of 884.1, risk adjusted performance of 0.078, and Semi Deviation of 2.18 to confirm if the risk estimate we provide is consistent with the expected return of 0.0461%. Sun Country has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 1.9, 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 Country will likely underperform. Sun Country Airlines right now has a risk of 2.39%. Please validate Sun Country potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if Sun Country will be following its existing price patterns.
Auto-correlation | -0.01 |
Very weak reverse predictability
Sun Country Airlines has very weak reverse predictability. Overlapping area represents the amount of predictability between Sun Country 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 Country Airlines price movement. The serial correlation of -0.01 indicates that just 1.0% of current Sun Country price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Sun Country Airlines lagged returns against current returns
Autocorrelation, which is Sun Country 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 Country's stock expected returns. We can calculate the autocorrelation of Sun Country returns to help us make a trade decision. For example, suppose you find that Sun Country 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 Country 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 Country stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sun Country stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sun Country stock over time.
Current vs Lagged Prices |
| Timeline |
Sun Country Lagged Returns
When evaluating Sun Country's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sun Country stock have on its future price. Sun Country 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 Country autocorrelation shows the relationship between Sun Country stock current value and its past values and can show if there is a momentum factor associated with investing in Sun Country Airlines.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Sun Country Airlines offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sun Country's 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 Country Airlines Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sun Country Airlines Stock:Check out Sun Country Correlation, Sun Country Volatility and Sun Country Alpha and Beta module to complement your research on Sun Country. Note that the Sun Country Airlines information on this page should be used as a complementary analysis to other Sun Country's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Sun Stock analysis
When running Sun Country's price analysis, check to measure Sun Country'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 Sun Country is operating at the current time. Most of Sun Country's value examination focuses on studying past and present price action to predict the probability of Sun Country's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sun Country's price. Additionally, you may evaluate how the addition of Sun Country to your portfolios can decrease your overall portfolio volatility.
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Sun Country 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.