Sun Retained Earnings vs Other Stockholder Equity Analysis

SLF Stock

CAD 85.53 0.21 0.24%

Sun Life financial indicator trend analysis is much more than just breaking down Sun Life Financial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sun Life Financial is a good investment. Please check the relationship between Sun Life Retained Earnings and its Other Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Life Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Retained Earnings vs Other Stockholder Equity

Retained Earnings vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sun Life Financial Retained Earnings account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Sun Life's Retained Earnings and Other Stockholder Equity is -0.63. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Sun Life Financial, assuming nothing else is changed. The correlation between historical values of Sun Life's Retained Earnings and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Sun Life Financial are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Retained Earnings i.e., Sun Life's Retained Earnings and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.63

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Other Stockholder Equity

Most indicators from Sun Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sun Life Financial current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Life Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Sun Life's Tax Provision is very stable compared to the past year. As of the 23rd of November 2024, Enterprise Value Over EBITDA is likely to grow to 14.53, while Selling General Administrative is likely to drop about 3.3 B.

	2021	2022	2023	2024 (projected)
Total Revenue	35.7B	23.2B	32.7B	25.2B
Interest Expense	327M	445M	552M	315.1M

Total Revenue Interest Expense

Sun Life fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Non Current Assets Total	Cash And Short Term Investments	Short Term Investments	Total Current Assets	Cash	Good Will	Intangible Assets	Property Plant And Equipment Net	Retained Earnings	Property Plant And Equipment Gross	Short Term Debt	Other Current Liab	Total Current Liabilities	Accounts Payable	Net Receivables	Common Stock Total Equity
Total Assets		0.88	0.95	-0.41	0.13	0.67	0.63	0.15	-0.67	1.0	0.97	0.17	-0.26	0.14	0.8	0.67	0.57	-0.29	0.71	-0.29	0.11	-0.29	0.24	0.01	0.43	0.59
Short Long Term Debt Total	0.88		0.84	-0.01	0.24	0.57	0.58	0.25	-0.43	0.88	0.83	0.22	-0.12	0.1	0.62	0.77	0.66	-0.2	0.63	-0.22	0.26	-0.47	0.28	0.02	0.64	0.55
Total Stockholder Equity	0.95	0.84		-0.38	0.17	0.73	0.69	0.18	-0.71	0.94	0.95	0.1	-0.35	0.26	0.73	0.59	0.55	-0.42	0.69	-0.42	-0.01	-0.26	0.34	-0.02	0.5	0.63
Net Debt	-0.41	-0.01	-0.38		0.19	-0.29	0.08	0.38	0.7	-0.41	-0.38	0.05	0.28	0.02	-0.67	-0.13	-0.03	-0.16	-0.53	-0.18	0.24	-0.14	0.08	-0.11	0.06	0.04
Non Currrent Assets Other	0.13	0.24	0.17	0.19		0.21	0.08	0.02	0.08	0.13	0.15	0.38	0.32	0.21	0.24	0.46	0.51	0.14	0.36	0.13	0.15	-0.58	0.41	0.4	0.62	0.31
Other Assets	0.67	0.57	0.73	-0.29	0.21		0.41	0.03	-0.37	0.66	0.65	-0.06	-0.38	0.8	0.46	0.4	0.26	-0.3	0.52	-0.3	-0.16	-0.08	0.8	0.09	0.46	0.38
Common Stock Shares Outstanding	0.63	0.58	0.69	0.08	0.08	0.41		0.72	-0.36	0.63	0.73	0.2	-0.11	0.23	0.22	0.24	0.37	-0.78	0.06	-0.81	0.06	-0.13	0.23	-0.19	0.11	0.9
Non Current Liabilities Total	0.15	0.25	0.18	0.38	0.02	0.03	0.72		0.06	0.15	0.28	0.54	0.39	0.16	-0.05	0.18	0.4	-0.46	-0.22	-0.51	0.22	-0.38	0.22	0.1	0.02	0.77
Other Stockholder Equity	-0.67	-0.43	-0.71	0.7	0.08	-0.37	-0.36	0.06		-0.66	-0.63	0.0	0.34	0.09	-0.69	-0.34	-0.29	0.11	-0.63	0.1	0.46	0.03	0.07	0.06	-0.22	-0.32
Total Liab	1.0	0.88	0.94	-0.41	0.13	0.66	0.63	0.15	-0.66		0.97	0.18	-0.25	0.13	0.8	0.67	0.57	-0.28	0.7	-0.29	0.12	-0.29	0.23	0.02	0.42	0.58
Non Current Assets Total	0.97	0.83	0.95	-0.38	0.15	0.65	0.73	0.28	-0.63	0.97		0.24	-0.2	0.18	0.76	0.6	0.58	-0.39	0.63	-0.4	0.12	-0.28	0.25	0.0	0.37	0.7
Cash And Short Term Investments	0.17	0.22	0.1	0.05	0.38	-0.06	0.2	0.54	0.0	0.18	0.24		0.88	-0.06	0.41	0.63	0.82	0.31	0.36	0.27	0.35	-0.76	0.12	0.34	0.25	0.56
Short Term Investments	-0.26	-0.12	-0.35	0.28	0.32	-0.38	-0.11	0.39	0.34	-0.25	-0.2	0.88		-0.18	0.03	0.35	0.53	0.5	0.03	0.45	0.3	-0.58	-0.05	0.26	0.03	0.26
Total Current Assets	0.14	0.1	0.26	0.02	0.21	0.8	0.23	0.16	0.09	0.13	0.18	-0.06	-0.18		-0.03	0.06	-0.02	-0.28	0.06	-0.29	-0.22	0.04	0.93	0.12	0.26	0.27
Cash	0.8	0.62	0.73	-0.67	0.24	0.46	0.22	-0.05	-0.69	0.8	0.76	0.41	0.03	-0.03		0.77	0.68	0.21	0.91	0.21	0.11	-0.49	0.13	0.31	0.48	0.36
Good Will	0.67	0.77	0.59	-0.13	0.46	0.4	0.24	0.18	-0.34	0.67	0.6	0.63	0.35	0.06	0.77		0.88	0.31	0.81	0.29	0.32	-0.82	0.34	0.41	0.76	0.48
Intangible Assets	0.57	0.66	0.55	-0.03	0.51	0.26	0.37	0.4	-0.29	0.57	0.58	0.82	0.53	-0.02	0.68	0.88		0.16	0.71	0.13	0.37	-0.87	0.25	0.34	0.64	0.63
Property Plant And Equipment Net	-0.29	-0.2	-0.42	-0.16	0.14	-0.3	-0.78	-0.46	0.11	-0.28	-0.39	0.31	0.5	-0.28	0.21	0.31	0.16		0.32	1.0	0.01	-0.32	-0.15	0.36	0.18	-0.49
Retained Earnings	0.71	0.63	0.69	-0.53	0.36	0.52	0.06	-0.22	-0.63	0.7	0.63	0.36	0.03	0.06	0.91	0.81	0.71	0.32		0.34	0.02	-0.55	0.26	0.3	0.68	0.24
Property Plant And Equipment Gross	-0.29	-0.22	-0.42	-0.18	0.13	-0.3	-0.81	-0.51	0.1	-0.29	-0.4	0.27	0.45	-0.29	0.21	0.29	0.13	1.0	0.34		-0.01	-0.29	-0.16	0.34	0.18	-0.54
Short Term Debt	0.11	0.26	-0.01	0.24	0.15	-0.16	0.06	0.22	0.46	0.12	0.12	0.35	0.3	-0.22	0.11	0.32	0.37	0.01	0.02	-0.01		-0.48	-0.03	0.29	0.16	0.13
Other Current Liab	-0.29	-0.47	-0.26	-0.14	-0.58	-0.08	-0.13	-0.38	0.03	-0.29	-0.28	-0.76	-0.58	0.04	-0.49	-0.82	-0.87	-0.32	-0.55	-0.29	-0.48		-0.31	-0.69	-0.7	-0.44
Total Current Liabilities	0.24	0.28	0.34	0.08	0.41	0.8	0.23	0.22	0.07	0.23	0.25	0.12	-0.05	0.93	0.13	0.34	0.25	-0.15	0.26	-0.16	-0.03	-0.31		0.39	0.54	0.34
Accounts Payable	0.01	0.02	-0.02	-0.11	0.4	0.09	-0.19	0.1	0.06	0.02	0.0	0.34	0.26	0.12	0.31	0.41	0.34	0.36	0.3	0.34	0.29	-0.69	0.39		0.46	0.05
Net Receivables	0.43	0.64	0.5	0.06	0.62	0.46	0.11	0.02	-0.22	0.42	0.37	0.25	0.03	0.26	0.48	0.76	0.64	0.18	0.68	0.18	0.16	-0.7	0.54	0.46		0.27
Common Stock Total Equity	0.59	0.55	0.63	0.04	0.31	0.38	0.9	0.77	-0.32	0.58	0.7	0.56	0.26	0.27	0.36	0.48	0.63	-0.49	0.24	-0.54	0.13	-0.44	0.34	0.05	0.27

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Sun Life Account Relationship Matchups

Sun Life fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	297.2B	323.0B	345.4B	330.9B	333.2B	220.3B
Short Long Term Debt Total	9.0B	9.0B	11.9B	15.2B	13.3B	6.8B
Total Stockholder Equity	23.4B	24.5B	26.3B	27.5B	23.6B	19.6B
Net Debt	(5.5B)	(6.6B)	(2.1B)	2.2B	2.1B	2.2B
Non Currrent Assets Other	(95.7B)	(105.7B)	4.5B	1.8B	(3.9B)	(4.1B)
Other Assets	190.0B	202.0B	217.3B	216.3B	192.8B	144.6B
Common Stock Shares Outstanding	611M	587.8M	589M	590M	677.4M	622.1M
Liabilities And Stockholders Equity	297.2B	323.0B	345.4B	330.9B	333.2B	220.2B
Non Current Liabilities Total	4.0B	6.5B	2.4B	5.0B	11.2B	10.7B
Other Stockholder Equity	(7.4B)	(7.7B)	(3.2B)	(2.9B)	94M	89.3M
Total Liab	272.7B	297.1B	317.3B	301.5B	309.0B	200.1B
Non Current Assets Total	95.7B	105.7B	113.5B	99.7B	110.6B	83.4B
Cash And Short Term Investments	9.6B	13.5B	12.3B	11.2B	27.5B	28.9B
Short Term Investments	2.9B	2.9B	4.5B	1.8B	16.3B	17.1B
Total Current Assets	11.5B	15.3B	14.5B	14.9B	29.9B	22.2B
Cash	9.6B	13.5B	12.3B	11.2B	11.2B	7.8B
Good Will	5.8B	6.1B	6.5B	8.7B	9.0B	6.2B
Intangible Assets	2.1B	2.5B	3.4B	4.7B	5.2B	5.4B
Property Plant And Equipment Net	1.4B	1.4B	1.3B	1.4B	1.5B	1.1B
Retained Earnings	12.8B	13.9B	15.7B	16.8B	12.2B	11.6B
Accumulated Other Comprehensive Income	1.5B	1.6B	986M	651M	765M	803.3M
Short Term Debt	30M	344M	574M	2.3B	2.3B	1.5B
Other Current Liab	(1.9B)	(2.8B)	(2.4B)	(5.0B)	(4.8B)	(4.6B)
Total Current Liabilities	1.9B	2.8B	2.4B	5.0B	4.8B	3.9B
Accounts Payable	1.9B	2.4B	1.9B	2.6B	2.5B	2.4B
Net Receivables	2.0B	1.8B	2.3B	3.7B	2.4B	2.3B
Common Stock	10.6B	10.6B	10.6B	10.6B	8.3B	10.1B
Other Liab	256.2B	279.6B	296.2B	275.2B	316.5B	259.4B
Net Tangible Assets	14.3B	15.0B	15.9B	13.6B	15.7B	14.9B
Long Term Debt	8.0B	5.3B	8.8B	11.9B	10.0B	8.9B
Other Current Assets	5.5B	5.7B	5.4B	7.5B	19.7B	20.7B
Long Term Investments	89.3B	98.6B	102.3B	84.9B	95.0B	75.5B
Short Long Term Debt	30M	344M	574M	2.3B	2.3B	1.9B
Property Plant Equipment	1.4B	1.4B	1.3B	1.4B	1.6B	1.0B
Long Term Debt Total	8.9B	8.7B	11.3B	12.9B	14.8B	9.8B
Inventory	(17.0B)	(20.4B)	(19.6B)	(16.9B)	(19.7B)	(20.7B)

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

0.76

VCM

Vecima Networks

Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Sun Life Financial is a strong investment it is important to analyze Sun Life's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sun Life's future performance. For an informed investment choice regarding Sun Stock, refer to the following important reports:

How To Invest In Sun

Details

Is Sun Stock a good investment?

Details

What is Sun Life's Net Worth?

Details

Largest Insurance - Diversified Companies

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Largest Financial Services Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Life Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Sun Retained Earnings vs Other Stockholder Equity Analysis

Retained Earnings vs Other Stockholder Equity

Retained Earnings vs Other Stockholder Equity Correlation Analysis

Correlation Coefficient

Retained Earnings

Other Stockholder Equity

Sun Life fundamental ratios Correlations

Sun Life Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sun Life fundamental ratios Accounts

Pair Trading with Sun Life

Moving against Sun Stock

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COMPANY

Total Liab	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Total Liab
Total Stockholder Equity	+ 0.95	Total Assets
Non Current Assets Total	+ 0.95	Total Stockholder Equity

Other Current Liab	- 0.87	Intangible Assets
Other Current Liab	- 0.82	Good Will
Property Plant And Equipment Gross	- 0.81	Common Stock Shares Outstanding
Property Plant And Equipment Net	- 0.78	Common Stock Shares Outstanding
Other Current Liab	- 0.76	Cash And Short Term Investments
Other Stockholder Equity	- 0.71	Total Stockholder Equity