Suncorp (Australia) Market Value
| SUN Stock | 19.03 0.32 1.65% |
| Symbol | Suncorp |
Suncorp '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 Suncorp'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 Suncorp.
| 12/25/2023 |
| 12/19/2024 |
If you would invest 0.00 in Suncorp on December 25, 2023 and sell it all today you would earn a total of 0.00 from holding Suncorp Group or generate 0.0% return on investment in Suncorp over 360 days. Suncorp is related to or competes with Dicker Data, Super Retail, MotorCycle Holdings, AiMedia Technologies, ABACUS STORAGE, and Hotel Property. Suncorp is entity of Australia. It is traded as Stock on AU exchange. More
Suncorp 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 Suncorp'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 Suncorp Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0661 | |||
| Maximum Drawdown | 6.15 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.08 |
Suncorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suncorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suncorp's standard deviation. In reality, there are many statistical measures that can use Suncorp historical prices to predict the future Suncorp's volatility.| Risk Adjusted Performance | 0.0771 | |||
| Jensen Alpha | 0.0835 | |||
| Total Risk Alpha | 0.0631 | |||
| Sortino Ratio | 0.0644 | |||
| Treynor Ratio | 0.3562 |
Suncorp Group Backtested Returns
Currently, Suncorp Group is very steady. Suncorp Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0699, which indicates the firm had a 0.0699% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Suncorp Group, which you can use to evaluate the volatility of the company. Please validate Suncorp's Semi Deviation of 0.9178, risk adjusted performance of 0.0771, and Coefficient Of Variation of 1064.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.0744%. Suncorp has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Suncorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Suncorp is expected to be smaller as well. Suncorp Group right now has a risk of 1.06%. Please validate Suncorp treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Suncorp will be following its existing price patterns.
Auto-correlation | 0.85 |
Very good predictability
Suncorp Group has very good predictability. Overlapping area represents the amount of predictability between Suncorp time series from 25th of December 2023 to 22nd of June 2024 and 22nd of June 2024 to 19th 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 Suncorp Group price movement. The serial correlation of 0.85 indicates that around 85.0% of current Suncorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 1.14 |
Suncorp Group lagged returns against current returns
Autocorrelation, which is Suncorp 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 Suncorp's stock expected returns. We can calculate the autocorrelation of Suncorp returns to help us make a trade decision. For example, suppose you find that Suncorp 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 |
Suncorp 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 Suncorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suncorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suncorp stock over time.
Current vs Lagged Prices |
| Timeline |
Suncorp Lagged Returns
When evaluating Suncorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suncorp stock have on its future price. Suncorp 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, Suncorp autocorrelation shows the relationship between Suncorp stock current value and its past values and can show if there is a momentum factor associated with investing in Suncorp Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Suncorp Stock Analysis
When running Suncorp's price analysis, check to measure Suncorp'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 Suncorp is operating at the current time. Most of Suncorp's value examination focuses on studying past and present price action to predict the probability of Suncorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Suncorp's price. Additionally, you may evaluate how the addition of Suncorp to your portfolios can decrease your overall portfolio volatility.