Sun Life Financial Preferred Stock Market Value
| SLF-PD Preferred Stock | CAD 19.92 0.08 0.40% |
| Symbol | Sun |
Sun Life '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 Sun Life's preferred 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 Sun Life.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Sun Life on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Sun Life Financial or generate 0.0% return on investment in Sun Life over 270 days. Sun Life is related to or competes with Sun Life, IShares Canadian, and PHN Multi. Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to ind... More
Sun Life 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 Sun Life's preferred 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 Sun Life Financial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.39 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 0.8991 |
Sun Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sun Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sun Life's standard deviation. In reality, there are many statistical measures that can use Sun Life historical prices to predict the future Sun Life's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.1443 |
Sun Life Financial Backtested Returns
Sun Life Financial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0464, which indicates the firm had a -0.0464% return per unit of risk over the last 3 months. Sun Life Financial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sun Life's Coefficient Of Variation of (11,366), variance of 0.5373, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sun Life are expected to decrease at a much lower rate. During the bear market, Sun Life is likely to outperform the market. At this point, Sun Life Financial has a negative expected return of -0.0343%. Please make sure to validate Sun Life's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Sun Life Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Sun Life Financial has weak reverse predictability. Overlapping area represents the amount of predictability between Sun Life time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th of November 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 Sun Life Financial price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Sun Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Sun Life Financial lagged returns against current returns
Autocorrelation, which is Sun Life preferred 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 Sun Life's preferred stock expected returns. We can calculate the autocorrelation of Sun Life returns to help us make a trade decision. For example, suppose you find that Sun Life has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Sun Life 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 Sun Life preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sun Life preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sun Life preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Sun Life Lagged Returns
When evaluating Sun Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sun Life preferred stock have on its future price. Sun Life 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, Sun Life autocorrelation shows the relationship between Sun Life preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Sun Life Financial.
Regressed Prices |
| Timeline |
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 together with Sun Preferred Stock
Moving against Sun Preferred Stock
| 0.72 | NVDA | NVIDIA CDR | PairCorr |
| 0.65 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.61 | FTN-PA | Financial 15 Split | PairCorr |
| 0.53 | OR | Osisko Gold Ro | PairCorr |
| 0.48 | URB | Urbana | PairCorr |
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.Other Information on Investing in Sun Preferred Stock
Sun Life financial ratios help investors to determine whether Sun Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sun with respect to the benefits of owning Sun Life security.