Sun Life Financial Stock Market Value
| SLF Stock | CAD 79.50 1.12 1.43% |
| Symbol | Sun |
Sun Life Financial Price To Book Ratio
Sun Life '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 Life'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 Life.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Sun Life on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Sun Life Financial or generate 0.0% return on investment in Sun Life over 90 days. Sun Life is related to or competes with Manulife Financial, Great West, National Bank, Canadian Imperial, and Bank of Montreal. Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to ind... More
Sun Life 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 Life'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 Life Financial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.43 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.43 |
Sun Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sun Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sun Life's standard deviation. In reality, there are many statistical measures that can use Sun Life historical prices to predict the future Sun Life's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | 0.0292 | |||
| Treynor Ratio | (0.40) |
Sun Life Financial Backtested Returns
Sun Life Financial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0717, which indicates the firm had a -0.0717 % return per unit of risk over the last 3 months. Sun Life Financial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sun Life's Coefficient Of Variation of (1,060), variance of 1.62, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sun Life's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sun Life is expected to be smaller as well. At this point, Sun Life Financial has a negative expected return of -0.0935%. Please make sure to validate Sun Life's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Sun Life Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Sun Life Financial has modest predictability. Overlapping area represents the amount of predictability between Sun Life time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Life Financial price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Sun Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 5.07 |
Sun Life Financial lagged returns against current returns
Autocorrelation, which is Sun Life 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 Life's stock expected returns. We can calculate the autocorrelation of Sun Life returns to help us make a trade decision. For example, suppose you find that Sun Life 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 Life 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 Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sun Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sun Life stock over time.
Current vs Lagged Prices |
| Timeline |
Sun Life Lagged Returns
When evaluating Sun Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sun Life stock have on its future price. Sun Life 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 Life autocorrelation shows the relationship between Sun Life stock current value and its past values and can show if there is a momentum factor associated with investing in Sun Life Financial.
Regressed Prices |
| Timeline |
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 Stock
Moving against Sun Stock
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.Check out Sun Life Correlation, Sun Life Volatility and Sun Life Alpha and Beta module to complement your research on Sun Life. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Sun Life 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.