Sunrun Inc Stock Market Value
| RUN Stock | USD 9.41 0.02 0.21% |
| Symbol | Sunrun |
Sunrun Inc Price To Book Ratio
Is Electrical Components & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sunrun. If investors know Sunrun will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sunrun listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.173 | Earnings Share (1.75) | Revenue Per Share | Quarterly Revenue Growth (0.05) | Return On Assets |
The market value of Sunrun Inc is measured differently than its book value, which is the value of Sunrun that is recorded on the company's balance sheet. Investors also form their own opinion of Sunrun's value that differs from its market value or its book value, called intrinsic value, which is Sunrun's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sunrun's market value can be influenced by many factors that don't directly affect Sunrun's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sunrun's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sunrun is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sunrun'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.
Sunrun '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 Sunrun'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 Sunrun.
| 12/31/2024 |
| 01/30/2025 |
If you would invest 0.00 in Sunrun on December 31, 2024 and sell it all today you would earn a total of 0.00 from holding Sunrun Inc or generate 0.0% return on investment in Sunrun over 30 days. Sunrun is related to or competes with Maxeon Solar, Canadian Solar, First Solar, Sunnova Energy, SolarEdge Technologies, Enphase Energy, and JinkoSolar Holding. Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar ener... More
Sunrun 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 Sunrun'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 Sunrun Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 38.57 | |||
| Value At Risk | (9.13) | |||
| Potential Upside | 9.53 |
Sunrun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunrun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunrun's standard deviation. In reality, there are many statistical measures that can use Sunrun historical prices to predict the future Sunrun's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (0.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sunrun's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sunrun Inc Backtested Returns
Sunrun Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.085, which indicates the firm had a -0.085 % return per unit of risk over the last 3 months. Sunrun Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sunrun's Coefficient Of Variation of (1,542), risk adjusted performance of (0.05), and Variance of 36.45 to confirm the risk estimate we provide. The entity has a beta of 0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sunrun's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunrun is expected to be smaller as well. At this point, Sunrun Inc has a negative expected return of -0.54%. Please make sure to validate Sunrun's total risk alpha, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if Sunrun Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Sunrun Inc has good reverse predictability. Overlapping area represents the amount of predictability between Sunrun time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sunrun Inc price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Sunrun price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Sunrun Inc lagged returns against current returns
Autocorrelation, which is Sunrun 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 Sunrun's stock expected returns. We can calculate the autocorrelation of Sunrun returns to help us make a trade decision. For example, suppose you find that Sunrun 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 |
| Timeline |
Sunrun 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 Sunrun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunrun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunrun stock over time.
Current vs Lagged Prices |
| Timeline |
Sunrun Lagged Returns
When evaluating Sunrun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunrun stock have on its future price. Sunrun 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, Sunrun autocorrelation shows the relationship between Sunrun stock current value and its past values and can show if there is a momentum factor associated with investing in Sunrun Inc.
Regressed Prices |
| Timeline |
Pair Trading with Sunrun
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 Sunrun 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 Sunrun will appreciate offsetting losses from the drop in the long position's value.Moving together with Sunrun Stock
Moving against Sunrun Stock
| 0.75 | FSTR | LB Foster | PairCorr |
| 0.73 | HON | Honeywell International | PairCorr |
| 0.57 | GFF | Griffon Earnings Call This Week | PairCorr |
| 0.55 | TRN | Trinity Industries | PairCorr |
| 0.52 | GBX | Greenbrier Companies | PairCorr |
The ability to find closely correlated positions to Sunrun could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sunrun 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 Sunrun - 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 Sunrun Inc to buy it.
The correlation of Sunrun 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 Sunrun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunrun Inc 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 Sunrun 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 Sunrun Correlation, Sunrun Volatility and Sunrun Alpha and Beta module to complement your research on Sunrun. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Sunrun technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.