Sun Communities (Brazil) Market Value
| S2UI34 Stock | BRL 36.64 0.20 0.54% |
| Symbol | Sun |
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.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Sun Communities on December 26, 2022 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 720 days. Sun Communities is related to or competes with AvalonBay Communities, Mid America, Essex Property, and Apartment Investment. Sun Communities, Inc. is a REIT that, as of September 30, 2020, owned, operated, or had an interest in a portfolio of 43... 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 | (0.1) | |||
| Maximum Drawdown | 10.83 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 3.15 |
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 | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 1.31 |
Sun Communities Backtested Returns
Sun Communities owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0541, which indicates the firm had a -0.0541% 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' Coefficient Of Variation of (2,141), risk adjusted performance of (0.03), and Variance of 4.29 to confirm the risk estimate we provide. The entity has a beta of -0.0817, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sun Communities are expected to decrease at a much lower rate. During the bear market, Sun Communities is likely to outperform the market. At this point, Sun Communities has a negative expected return of -0.11%. Please make sure to validate Sun Communities' maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Sun Communities performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Sun Communities has very good reverse predictability. Overlapping area represents the amount of predictability between Sun Communities time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th of December 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 -0.64 indicates that roughly 64.0% of current Sun Communities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 9.64 |
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 |
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.Additional Information and Resources on Investing in Sun Stock
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 information on how to trade Sun Stock refer to our How to Trade Sun Stock guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.