Sun Race's market value is the price at which a share of Sun Race trades on a public exchange. It measures the collective expectations of Sun Race Sturmey Archer investors about its performance. Sun Race is selling for under 24.60 as of the 2nd of January 2025; that is 1.03 percent increase since the beginning of the trading day. The stock's lowest day price was 24.1. With this module, you can estimate the performance of a buy and hold strategy of Sun Race Sturmey Archer and determine expected loss or profit from investing in Sun Race over a given investment horizon. Check out Sun Race Correlation, Sun Race Volatility and Sun Race Alpha and Beta module to complement your research on Sun Race.
Please note, there is a significant difference between Sun Race's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sun Race is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sun Race'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 Race '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 Race'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 Race.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sun Race'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 Race Sturmey Archer upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sun Race's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sun Race's standard deviation. In reality, there are many statistical measures that can use Sun Race historical prices to predict the future Sun Race's volatility.
Sun Race Sturmey owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Sun Race Sturmey Archer exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sun Race's Coefficient Of Variation of (963.51), risk adjusted performance of (0.08), and Variance of 4.21 to confirm the risk estimate we provide. The entity has a beta of -0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sun Race are expected to decrease at a much lower rate. During the bear market, Sun Race is likely to outperform the market. At this point, Sun Race Sturmey has a negative expected return of -0.22%. Please make sure to validate Sun Race's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Sun Race Sturmey performance from the past will be repeated at some point in the near future.
Auto-correlation
0.80
Very good predictability
Sun Race Sturmey Archer has very good predictability. Overlapping area represents the amount of predictability between Sun Race time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd of January 2025. 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 Race Sturmey price movement. The serial correlation of 0.8 indicates that around 80.0% of current Sun Race price fluctuation can be explain by its past prices.
Correlation Coefficient
0.8
Spearman Rank Test
0.77
Residual Average
0.0
Price Variance
10.76
Sun Race Sturmey lagged returns against current returns
Autocorrelation, which is Sun Race 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 Race's stock expected returns. We can calculate the autocorrelation of Sun Race returns to help us make a trade decision. For example, suppose you find that Sun Race 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 Race 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 Race stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sun Race stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sun Race stock over time.
Current vs Lagged Prices
Timeline
Sun Race Lagged Returns
When evaluating Sun Race's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sun Race stock have on its future price. Sun Race 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 Race autocorrelation shows the relationship between Sun Race stock current value and its past values and can show if there is a momentum factor associated with investing in Sun Race Sturmey Archer.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When running Sun Race's price analysis, check to measure Sun Race'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 Race is operating at the current time. Most of Sun Race's value examination focuses on studying past and present price action to predict the probability of Sun Race'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 Race's price. Additionally, you may evaluate how the addition of Sun Race to your portfolios can decrease your overall portfolio volatility.