Sun Price Earnings Ratio from 2010 to 2024
| SLF Stock | CAD 85.53 0.21 0.24% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter 12.72351343 | Current Value 18.44 | Quarterly Volatility 30.72203255 |
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 627.9 M, Interest Expense of 315.1 M or Total Revenue of 25.2 B, as well as many indicators such as Price To Sales Ratio of 0.84, Dividend Yield of 0.0275 or PTB Ratio of 1.06. Sun financial statements analysis is a perfect complement when working with Sun Life Valuation or Volatility modules.
Sun | Price Earnings Ratio |
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.Moving against Sun Stock
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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.