SUN ART's market value is the price at which a share of SUN ART trades on a public exchange. It measures the collective expectations of SUN ART RETAIL investors about its performance. SUN ART is trading at 0.32 as of the 18th of December 2024, a 3.03 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.32. With this module, you can estimate the performance of a buy and hold strategy of SUN ART RETAIL and determine expected loss or profit from investing in SUN ART over a given investment horizon. Check out SUN ART Correlation, SUN ART Volatility and SUN ART Alpha and Beta module to complement your research on SUN ART.
Please note, there is a significant difference between SUN ART's value and its price as these two are different measures arrived at by different means. Investors typically determine if SUN ART is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SUN ART'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.
SUN ART '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 ART'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 ART.
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06/21/2024
No Change 0.00
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In 5 months and 30 days
12/18/2024
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If you would invest 0.00 in SUN ART on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding SUN ART RETAIL or generate 0.0% return on investment in SUN ART over 180 days. SUN ART is related to or competes with Apple, Apple, Apple, Apple, and Microsoft. More
SUN ART 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 ART'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 ART RETAIL 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 ART's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SUN ART's standard deviation. In reality, there are many statistical measures that can use SUN ART historical prices to predict the future SUN ART's volatility.
SUN ART is out of control given 3 months investment horizon. SUN ART RETAIL owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the firm had a 0.26% return per unit of standard deviation over the last 3 months. We were able to collect and analyze data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.18% are justified by taking the suggested risk. Use SUN ART RETAIL coefficient of variation of 380.17, and Risk Adjusted Performance of 0.1993 to evaluate company specific risk that cannot be diversified away. SUN ART holds a performance score of 20 on a scale of zero to a hundred. The entity has a beta of -0.85, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SUN ART are expected to decrease at a much lower rate. During the bear market, SUN ART is likely to outperform the market. Use SUN ART RETAIL total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to analyze future returns on SUN ART RETAIL.
Auto-correlation
0.01
Virtually no predictability
SUN ART RETAIL has virtually no predictability. Overlapping area represents the amount of predictability between SUN ART time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 ART RETAIL price movement. The serial correlation of 0.01 indicates that just 1.0% of current SUN ART price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
0.21
Residual Average
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Price Variance
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SUN ART RETAIL lagged returns against current returns
Autocorrelation, which is SUN ART 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 ART's stock expected returns. We can calculate the autocorrelation of SUN ART returns to help us make a trade decision. For example, suppose you find that SUN ART 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
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SUN ART 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 ART stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SUN ART stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SUN ART stock over time.
Current vs Lagged Prices
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SUN ART Lagged Returns
When evaluating SUN ART's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SUN ART stock have on its future price. SUN ART 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 ART autocorrelation shows the relationship between SUN ART stock current value and its past values and can show if there is a momentum factor associated with investing in SUN ART RETAIL.
Regressed Prices
Timeline
Also Currently Popular
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.
SUN ART financial ratios help investors to determine whether SUN Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SUN with respect to the benefits of owning SUN ART security.