Sunoco Lp Stock Market Value
| SUN Stock | USD 54.63 0.44 0.81% |
| Symbol | Sunoco |
Sunoco LP Price To Book Ratio
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sunoco LP. If investors know Sunoco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sunoco LP listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.936 | Dividend Share 3.469 | Earnings Share 3.91 | Revenue Per Share 218.578 | Quarterly Revenue Growth (0.09) |
The market value of Sunoco LP is measured differently than its book value, which is the value of Sunoco that is recorded on the company's balance sheet. Investors also form their own opinion of Sunoco LP's value that differs from its market value or its book value, called intrinsic value, which is Sunoco LP's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sunoco LP's market value can be influenced by many factors that don't directly affect Sunoco LP's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sunoco LP's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sunoco LP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sunoco LP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Sunoco LP '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 Sunoco LP'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 Sunoco LP.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Sunoco LP on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Sunoco LP or generate 0.0% return on investment in Sunoco LP over 30 days. Sunoco LP is related to or competes with Delek Energy, Crossamerica Partners, CVR Energy, Phillips, Valero Energy, Marathon Petroleum, and HF Sinclair. Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States More
Sunoco LP 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 Sunoco LP'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 Sunoco LP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.7 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 2.68 |
Sunoco LP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunoco LP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunoco LP's standard deviation. In reality, there are many statistical measures that can use Sunoco LP historical prices to predict the future Sunoco LP's volatility.| Risk Adjusted Performance | 0.0375 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0843 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sunoco LP'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.
Sunoco LP Backtested Returns
As of now, Sunoco Stock is very steady. Sunoco LP owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0371, which indicates the firm had a 0.0371% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sunoco LP, which you can use to evaluate the volatility of the company. Please validate Sunoco LP's Risk Adjusted Performance of 0.0375, semi deviation of 1.09, and Coefficient Of Variation of 2307.8 to confirm if the risk estimate we provide is consistent with the expected return of 0.047%. Sunoco LP has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sunoco LP's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunoco LP is expected to be smaller as well. Sunoco LP right now has a risk of 1.27%. Please validate Sunoco LP potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Sunoco LP will be following its existing price patterns.
Auto-correlation | 0.56 |
Modest predictability
Sunoco LP has modest predictability. Overlapping area represents the amount of predictability between Sunoco LP time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Sunoco LP price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Sunoco LP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 |
Sunoco LP lagged returns against current returns
Autocorrelation, which is Sunoco LP 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 Sunoco LP's stock expected returns. We can calculate the autocorrelation of Sunoco LP returns to help us make a trade decision. For example, suppose you find that Sunoco LP 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 |
Sunoco LP 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 Sunoco LP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunoco LP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunoco LP stock over time.
Current vs Lagged Prices |
| Timeline |
Sunoco LP Lagged Returns
When evaluating Sunoco LP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunoco LP stock have on its future price. Sunoco LP 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, Sunoco LP autocorrelation shows the relationship between Sunoco LP stock current value and its past values and can show if there is a momentum factor associated with investing in Sunoco LP.
Regressed Prices |
| Timeline |
Pair Trading with Sunoco LP
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 Sunoco LP 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 Sunoco LP will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Sunoco LP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sunoco LP 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 Sunoco LP - 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 Sunoco LP to buy it.
The correlation of Sunoco LP 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 Sunoco LP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunoco LP 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 Sunoco LP 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 Sunoco LP Correlation, Sunoco LP Volatility and Sunoco LP Alpha and Beta module to complement your research on Sunoco LP. To learn how to invest in Sunoco Stock, please use our How to Invest in Sunoco LP guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Sunoco LP 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.