Sun International's market value is the price at which a share of Sun International trades on a public exchange. It measures the collective expectations of Sun International investors about its performance. Sun International is trading at 4334.00 as of the 4th of January 2025, a 0.37 percent decrease since the beginning of the trading day. The stock's lowest day price was 4288.0. With this module, you can estimate the performance of a buy and hold strategy of Sun International and determine expected loss or profit from investing in Sun International over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.
Symbol
Sun
Sun International '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 International'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 International.
0.00
11/05/2024
No Change 0.00
0.0
In 2 months and 2 days
01/04/2025
0.00
If you would invest 0.00 in Sun International on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Sun International or generate 0.0% return on investment in Sun International over 60 days.
Sun International 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 International'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 International 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 International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sun International's standard deviation. In reality, there are many statistical measures that can use Sun International historical prices to predict the future Sun International's volatility.
Sun International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0858, which indicates the firm had a -0.0858% return per unit of risk over the last 3 months. Sun International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sun International's Coefficient Of Variation of (1,564), variance of 1.13, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.0519, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sun International are expected to decrease at a much lower rate. During the bear market, Sun International is likely to outperform the market. At this point, Sun International has a negative expected return of -0.0913%. Please make sure to validate Sun International's accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if Sun International performance from the past will be repeated at some point in the near future.
Auto-correlation
0.22
Weak predictability
Sun International has weak predictability. Overlapping area represents the amount of predictability between Sun International time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 International price movement. The serial correlation of 0.22 indicates that over 22.0% of current Sun International price fluctuation can be explain by its past prices.
Correlation Coefficient
0.22
Spearman Rank Test
0.51
Residual Average
0.0
Price Variance
1900.47
Sun International lagged returns against current returns
Autocorrelation, which is Sun International 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 International's stock expected returns. We can calculate the autocorrelation of Sun International returns to help us make a trade decision. For example, suppose you find that Sun International 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 International 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 International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sun International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sun International stock over time.
Current vs Lagged Prices
Timeline
Sun International Lagged Returns
When evaluating Sun International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sun International stock have on its future price. Sun International 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 International autocorrelation shows the relationship between Sun International stock current value and its past values and can show if there is a momentum factor associated with investing in Sun International.
Regressed Prices
Timeline
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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.