SUNCOKE ENERGY (Germany) Market Value
| S01 Stock | EUR 11.60 0.20 1.69% |
| Symbol | SUNCOKE |
SUNCOKE ENERGY '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 SUNCOKE ENERGY'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 SUNCOKE ENERGY.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in SUNCOKE ENERGY on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding SUNCOKE ENERGY or generate 0.0% return on investment in SUNCOKE ENERGY over 360 days. SUNCOKE ENERGY is related to or competes with Lion One, Aluminumof China, ULTRA CLEAN, GUARDANT HEALTH, Ramsay Health, ATRYS HEALTH, and Natural Health. More
SUNCOKE ENERGY 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 SUNCOKE ENERGY'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 SUNCOKE ENERGY upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.188 | |||
| Maximum Drawdown | 25.2 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 6.32 |
SUNCOKE ENERGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SUNCOKE ENERGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SUNCOKE ENERGY's standard deviation. In reality, there are many statistical measures that can use SUNCOKE ENERGY historical prices to predict the future SUNCOKE ENERGY's volatility.| Risk Adjusted Performance | 0.1702 | |||
| Jensen Alpha | 0.5808 | |||
| Total Risk Alpha | 0.2145 | |||
| Sortino Ratio | 0.3188 | |||
| Treynor Ratio | 0.5061 |
SUNCOKE ENERGY Backtested Returns
SUNCOKE ENERGY appears to be unstable, given 3 months investment horizon. SUNCOKE ENERGY owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the firm had a 0.25% return per unit of standard deviation over the last 3 months. By evaluating SUNCOKE ENERGY's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please review SUNCOKE ENERGY's risk adjusted performance of 0.1702, and Coefficient Of Variation of 444.88 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SUNCOKE ENERGY holds a performance score of 20. The entity has a beta of 1.48, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SUNCOKE ENERGY will likely underperform. Please check SUNCOKE ENERGY's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether SUNCOKE ENERGY's existing price patterns will revert.
Auto-correlation | -0.47 |
Modest reverse predictability
SUNCOKE ENERGY has modest reverse predictability. Overlapping area represents the amount of predictability between SUNCOKE ENERGY time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SUNCOKE ENERGY price movement. The serial correlation of -0.47 indicates that about 47.0% of current SUNCOKE ENERGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 2.34 |
SUNCOKE ENERGY lagged returns against current returns
Autocorrelation, which is SUNCOKE ENERGY 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 SUNCOKE ENERGY's stock expected returns. We can calculate the autocorrelation of SUNCOKE ENERGY returns to help us make a trade decision. For example, suppose you find that SUNCOKE ENERGY 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 |
SUNCOKE ENERGY 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 SUNCOKE ENERGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SUNCOKE ENERGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SUNCOKE ENERGY stock over time.
Current vs Lagged Prices |
| Timeline |
SUNCOKE ENERGY Lagged Returns
When evaluating SUNCOKE ENERGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SUNCOKE ENERGY stock have on its future price. SUNCOKE ENERGY 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, SUNCOKE ENERGY autocorrelation shows the relationship between SUNCOKE ENERGY stock current value and its past values and can show if there is a momentum factor associated with investing in SUNCOKE ENERGY.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in SUNCOKE Stock
When determining whether SUNCOKE ENERGY offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SUNCOKE ENERGY's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Suncoke Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Suncoke Energy Stock:Check out SUNCOKE ENERGY Correlation, SUNCOKE ENERGY Volatility and SUNCOKE ENERGY Alpha and Beta module to complement your research on SUNCOKE ENERGY. For information on how to trade SUNCOKE Stock refer to our How to Trade SUNCOKE Stock guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
SUNCOKE ENERGY 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.