Sun Inventory Turnover from 2010 to 2026
| SLF Stock | CAD 87.47 0.26 0.30% |
Inventory Turnover | First Reported 2010-12-31 | Previous Quarter (1.13) | Current Value (1.19) | Quarterly Volatility 24.06027458 |
Check Sun Life financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sun Life's main balance sheet or income statement drivers, such as Depreciation And Amortization of 722.1 M, Interest Expense of 801.8 M or Total Revenue of 25.2 B, as well as many indicators such as Price To Sales Ratio of 1.11, Dividend Yield of 0.0277 or PTB Ratio of 1.09. Sun financial statements analysis is a perfect complement when working with Sun Life Valuation or Volatility modules.
Sun | Inventory Turnover |
Latest Sun Life's Inventory Turnover Growth Pattern
Below is the plot of the Inventory Turnover of Sun Life Financial over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. Sun Life's Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Sun Life's overall financial position and show how it may be relating to other accounts over time.
| Inventory Turnover | 10 Years Trend |
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Inventory Turnover |
| Timeline |
Sun Inventory Turnover Regression Statistics
| Arithmetic Mean | (18.52) | |
| Coefficient Of Variation | (129.90) | |
| Mean Deviation | 22.31 | |
| Median | (1.25) | |
| Standard Deviation | 24.06 | |
| Sample Variance | 578.90 | |
| Range | 48.9968 | |
| R-Value | 0.83 | |
| Mean Square Error | 191.39 | |
| R-Squared | 0.69 | |
| Significance | 0.000036 | |
| Slope | 3.96 | |
| Total Sum of Squares | 9,262 |
Sun Inventory Turnover History
About Sun Life Financial Statements
Sun Life investors utilize fundamental indicators, such as Inventory Turnover, to predict how Sun Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Inventory Turnover | (1.13) | (1.19) |
Pair Trading with Sun Life
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 Sun Life 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 Sun Life will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Sun Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sun Life 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 Sun Life - 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 Sun Life Financial to buy it.
The correlation of Sun Life 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 Sun Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sun Life Financial 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 Sun Life 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 the analysis of Sun Life Correlation against competitors. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.