Suncor Price Earnings Ratio from 2010 to 2024
| SU Stock | CAD 55.71 0.06 0.11% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter 6.69374322 | Current Value 6.36 | Quarterly Volatility 41.43020223 |
Check Suncor Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Suncor Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 7.3 B, Interest Expense of 413.2 M or Selling General Administrative of 5 B, as well as many indicators such as Price To Sales Ratio of 2.05, Dividend Yield of 0.052 or PTB Ratio of 1.22. Suncor financial statements analysis is a perfect complement when working with Suncor Energy Valuation or Volatility modules.
Suncor | Price Earnings Ratio |
Pair Trading with Suncor Energy
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 Suncor Energy 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 Suncor Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Suncor Stock
Moving against Suncor Stock
The ability to find closely correlated positions to Suncor Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Suncor Energy 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 Suncor Energy - 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 Suncor Energy to buy it.
The correlation of Suncor Energy 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 Suncor Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Suncor Energy 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 Suncor Energy 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 Suncor Energy Correlation against competitors. To learn how to invest in Suncor Stock, please use our How to Invest in Suncor Energy guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.