Sun Financial Statements From 2010 to 2024
| SLF-PE Preferred Stock | CAD 20.65 0.14 0.67% |
Check Sun Life financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sun Life's main balance sheet or income statement drivers, such as , as well as many indicators such as . Sun financial statements analysis is a perfect complement when working with Sun Life Valuation or Volatility modules.
Sun |
Sun Life Financial Company Price To Earning Analysis
Sun Life's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Sun Life Price To Earning | 6.00 X |
Most of Sun Life's fundamental indicators, such as Price To Earning, 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, Sun Life Financial is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Sun Life Financial has a Price To Earning of 6.0 times. This is 67.18% lower than that of the Financial Services sector and significantly higher than that of the Insurance—Diversified industry. The price to earning for all Canada preferred stocks is 79.11% higher than that of the company.
Sun Life Financial Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Sun Life's current stock value. Our valuation model uses many indicators to compare Sun Life value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Sun Life competition to find correlations between indicators driving Sun Life's intrinsic value. More Info.Sun Life Financial is currently regarded as top stock in price to earning category among its peers. It also is currently regarded as top stock in price to sales category among its peers fabricating about 0.20 of Price To Sales per Price To Earning. The ratio of Price To Earning to Price To Sales for Sun Life Financial is roughly 5.12 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Sun Life by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Sun Life's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Sun Life Financial Statements
Sun Life stakeholders use historical fundamental indicators, such as Sun Life's revenue or net income, to determine how well the company is positioned to perform in the future. Although Sun Life investors may analyze each financial statement separately, they are all interrelated. For example, changes in Sun Life's assets and liabilities are reflected in the revenues and expenses on Sun Life's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Sun Life Financial. Please read more on our technical analysis and fundamental analysis pages.
Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients in the United States, the United Kingdom, Canada, and internationally. The company was founded in 1871 and is headquartered in Toronto, Canada. SUN LIFE operates under InsuranceDiversified classification in Canada and is traded on Toronto Stock Exchange. It employs 22719 people.
Pair Trading with Sun Life
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 Sun Life 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 Sun Life will appreciate offsetting losses from the drop in the long position's value.Moving together with Sun Preferred Stock
Moving against Sun Preferred Stock
| 0.66 | JPM | JPMorgan Chase | PairCorr |
| 0.66 | BOFA | Bank of America | PairCorr |
| 0.54 | IAG | iA Financial | PairCorr |
| 0.47 | SLF | Sun Life Financial | PairCorr |
| 0.45 | GOOG | Alphabet CDR | PairCorr |
The ability to find closely correlated positions to Sun Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sun Life 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 Sun Life - 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 Sun Life Financial to buy it.
The correlation of Sun Life 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 Sun Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sun Life Financial 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 Sun Life 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.Other Information on Investing in Sun Preferred Stock
Sun Life financial ratios help investors to determine whether Sun Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sun with respect to the benefits of owning Sun Life security.