Sun Lif Non Preferred Stock Market Value
| SLF-PH Preferred Stock | CAD 21.00 0.85 4.22% |
| Symbol | Sun |
Sun Lif '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 Lif's preferred 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 Lif.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Sun Lif on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Sun Lif Non or generate 0.0% return on investment in Sun Lif over 90 days. Sun Lif is related to or competes with Conavi Medical, Canaf Investments, and Canadian General. Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to ind... More
Sun Lif 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 Lif's preferred 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 Lif Non upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | 0.2134 | |||
| Maximum Drawdown | 7.8 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 2.73 |
Sun Lif Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sun Lif's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sun Lif's standard deviation. In reality, there are many statistical measures that can use Sun Lif historical prices to predict the future Sun Lif's volatility.| Risk Adjusted Performance | 0.117 | |||
| Jensen Alpha | 0.1664 | |||
| Total Risk Alpha | 0.299 | |||
| Sortino Ratio | 0.1488 | |||
| Treynor Ratio | 0.8831 |
Sun Lif Non Backtested Returns
At this point, Sun Lif is very steady. Sun Lif Non 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. We have found twenty-eight technical indicators for Sun Lif Non, which you can use to evaluate the volatility of the company. Please validate Sun Lif's Coefficient Of Variation of 762.28, risk adjusted performance of 0.117, and Semi Deviation of 0.899 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Sun Lif has a performance score of 8 on a scale of 0 to 100. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sun Lif's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sun Lif is expected to be smaller as well. Sun Lif Non right now has a risk of 1.22%. Please validate Sun Lif expected short fall, day typical price, and the relationship between the potential upside and daily balance of power , to decide if Sun Lif will be following its existing price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
Sun Lif Non has poor reverse predictability. Overlapping area represents the amount of predictability between Sun Lif time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Lif Non price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Sun Lif price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Sun Lif Non lagged returns against current returns
Autocorrelation, which is Sun Lif preferred 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 Lif's preferred stock expected returns. We can calculate the autocorrelation of Sun Lif returns to help us make a trade decision. For example, suppose you find that Sun Lif has exhibited high autocorrelation historically, and you observe that the preferred 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 Lif 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 Lif preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sun Lif preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sun Lif preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Sun Lif Lagged Returns
When evaluating Sun Lif's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sun Lif preferred stock have on its future price. Sun Lif 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 Lif autocorrelation shows the relationship between Sun Lif preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Sun Lif Non.
Regressed Prices |
| Timeline |
Pair Trading with Sun Lif
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 Lif 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 Lif will appreciate offsetting losses from the drop in the long position's value.Moving together with Sun Preferred Stock
Moving against Sun Preferred Stock
The ability to find closely correlated positions to Sun Lif 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 Lif 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 Lif - 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 Lif Non to buy it.
The correlation of Sun Lif 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 Lif moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sun Lif Non 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 Lif 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 Lif 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 Lif security.