SUNEX SA (Poland) Market Value
| SNX Stock | 7.57 0.19 2.45% |
| Symbol | SUNEX |
SUNEX SA '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 SUNEX SA'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 SUNEX SA.
| 02/04/2023 |
| 01/24/2025 |
If you would invest 0.00 in SUNEX SA on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding SUNEX SA or generate 0.0% return on investment in SUNEX SA over 720 days.
SUNEX SA 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 SUNEX SA'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 SUNEX SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 31.93 | |||
| Value At Risk | (5.49) | |||
| Potential Upside | 5.63 |
SUNEX SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SUNEX SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SUNEX SA's standard deviation. In reality, there are many statistical measures that can use SUNEX SA historical prices to predict the future SUNEX SA's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SUNEX SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SUNEX SA Backtested Returns
SUNEX SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.018, which indicates the firm had a -0.018 % return per unit of standard deviation over the last 3 months. SUNEX SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SUNEX SA's risk adjusted performance of (0.03), and Variance of 17.57 to confirm the risk estimate we provide. The entity has a beta of 0.98, which indicates possible diversification benefits within a given portfolio. SUNEX SA returns are very sensitive to returns on the market. As the market goes up or down, SUNEX SA is expected to follow. At this point, SUNEX SA has a negative expected return of -0.081%. Please make sure to validate SUNEX SA's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if SUNEX SA performance from the past will be repeated at some future point.
Auto-correlation | 0.61 |
Good predictability
SUNEX SA has good predictability. Overlapping area represents the amount of predictability between SUNEX SA time series from 4th of February 2023 to 30th of January 2024 and 30th of January 2024 to 24th 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 SUNEX SA price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current SUNEX SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 3.58 |
SUNEX SA lagged returns against current returns
Autocorrelation, which is SUNEX SA 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 SUNEX SA's stock expected returns. We can calculate the autocorrelation of SUNEX SA returns to help us make a trade decision. For example, suppose you find that SUNEX SA 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 |
SUNEX SA 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 SUNEX SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SUNEX SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SUNEX SA stock over time.
Current vs Lagged Prices |
| Timeline |
SUNEX SA Lagged Returns
When evaluating SUNEX SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SUNEX SA stock have on its future price. SUNEX SA 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, SUNEX SA autocorrelation shows the relationship between SUNEX SA stock current value and its past values and can show if there is a momentum factor associated with investing in SUNEX SA.
Regressed Prices |
| Timeline |
Pair Trading with SUNEX SA
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 SUNEX SA 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 SUNEX SA will appreciate offsetting losses from the drop in the long position's value.Moving together with SUNEX Stock
Moving against SUNEX Stock
The ability to find closely correlated positions to SUNEX SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SUNEX SA 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 SUNEX SA - 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 SUNEX SA to buy it.
The correlation of SUNEX SA 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 SUNEX SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SUNEX SA 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 SUNEX SA 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.Additional Tools for SUNEX Stock Analysis
When running SUNEX SA's price analysis, check to measure SUNEX SA'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 SUNEX SA is operating at the current time. Most of SUNEX SA's value examination focuses on studying past and present price action to predict the probability of SUNEX SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SUNEX SA's price. Additionally, you may evaluate how the addition of SUNEX SA to your portfolios can decrease your overall portfolio volatility.