Sun Communities (Germany) Market Value

SCZ Stock  EUR 118.00  2.00  1.72%   
Sun Communities' market value is the price at which a share of Sun Communities trades on a public exchange. It measures the collective expectations of Sun Communities investors about its performance. Sun Communities is trading at 118.00 as of the 23rd of December 2024. This is a 1.72 percent increase since the beginning of the trading day. The stock's lowest day price was 114.0.
With this module, you can estimate the performance of a buy and hold strategy of Sun Communities and determine expected loss or profit from investing in Sun Communities over a given investment horizon. Check out Sun Communities Correlation, Sun Communities Volatility and Sun Communities Alpha and Beta module to complement your research on Sun Communities.
For more detail on how to invest in Sun Stock please use our How to Invest in Sun Communities guide.
Symbol

Please note, there is a significant difference between Sun Communities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sun Communities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sun Communities' 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.

Sun Communities '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 Communities' 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 Communities.
0.00
06/26/2024
No Change 0.00  0.0 
In 5 months and 29 days
12/23/2024
0.00
If you would invest  0.00  in Sun Communities on June 26, 2024 and sell it all today you would earn a total of 0.00 from holding Sun Communities or generate 0.0% return on investment in Sun Communities over 180 days. Sun Communities is related to or competes with Equity Residential, AvalonBay Communities, UDR, INVITATION HOMES, Mid America, Essex Property, and Equity LifeStyle. Sun Communities, Inc. is a REIT that, as of March 31, 2019, owned, operated, or had an interest in a portfolio of 379 co... More

Sun Communities 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 Communities' 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 Communities upside and downside potential and time the market with a certain degree of confidence.

Sun Communities Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sun Communities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sun Communities' standard deviation. In reality, there are many statistical measures that can use Sun Communities historical prices to predict the future Sun Communities' volatility.
Hype
Prediction
LowEstimatedHigh
116.26118.00119.74
Details
Intrinsic
Valuation
LowRealHigh
98.43100.17129.80
Details

Sun Communities Backtested Returns

Sun Communities owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0284, which indicates the firm had a -0.0284% return per unit of risk over the last 3 months. Sun Communities exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sun Communities' Risk Adjusted Performance of (0.02), coefficient of variation of (2,848), and Variance of 2.98 to confirm the risk estimate we provide. The entity has a beta of -0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sun Communities are expected to decrease at a much lower rate. During the bear market, Sun Communities is likely to outperform the market. At this point, Sun Communities has a negative expected return of -0.0493%. Please make sure to validate Sun Communities' value at risk, accumulation distribution, day typical price, as well as the relationship between the skewness and rate of daily change , to decide if Sun Communities performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.34  

Poor reverse predictability

Sun Communities has poor reverse predictability. Overlapping area represents the amount of predictability between Sun Communities time series from 26th of June 2024 to 24th of September 2024 and 24th of September 2024 to 23rd 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 Sun Communities price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Sun Communities price fluctuation can be explain by its past prices.
Correlation Coefficient-0.34
Spearman Rank Test-0.33
Residual Average0.0
Price Variance10.07

Sun Communities lagged returns against current returns

Autocorrelation, which is Sun Communities 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 Communities' stock expected returns. We can calculate the autocorrelation of Sun Communities returns to help us make a trade decision. For example, suppose you find that Sun Communities 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 Communities 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 Communities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sun Communities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sun Communities stock over time.
   Current vs Lagged Prices   
       Timeline  

Sun Communities Lagged Returns

When evaluating Sun Communities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sun Communities stock have on its future price. Sun Communities 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 Communities autocorrelation shows the relationship between Sun Communities stock current value and its past values and can show if there is a momentum factor associated with investing in Sun Communities.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in Sun Stock

When determining whether Sun Communities offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sun Communities' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sun Communities Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sun Communities Stock:
Check out Sun Communities Correlation, Sun Communities Volatility and Sun Communities Alpha and Beta module to complement your research on Sun Communities.
For more detail on how to invest in Sun Stock please use our How to Invest in Sun Communities guide.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Sun Communities 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.
A focus of Sun Communities technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sun Communities trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...