Suntex Enterprises Stock Market Value
| SNTX Stock | USD 0 0.0001 5.26% |
| Symbol | Suntex |
Suntex Enterprises '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 Suntex Enterprises' pink sheet 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 Suntex Enterprises.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Suntex Enterprises on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Suntex Enterprises or generate 0.0% return on investment in Suntex Enterprises over 30 days. Sunx Energy, Inc., an alternative energy company, engages in the production and distribution of renewable biodiesel fuel More
Suntex Enterprises 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 Suntex Enterprises' pink sheet 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 Suntex Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 60.42 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 23.53 |
Suntex Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suntex Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suntex Enterprises' standard deviation. In reality, there are many statistical measures that can use Suntex Enterprises historical prices to predict the future Suntex Enterprises' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 0.2633 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Suntex Enterprises' 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.
Suntex Enterprises Backtested Returns
Suntex Enterprises owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0116, which indicates the firm had a -0.0116% return per unit of risk over the last 3 months. Suntex Enterprises exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Suntex Enterprises' Risk Adjusted Performance of (0.01), coefficient of variation of (5,321), and Variance of 121.08 to confirm the risk estimate we provide. The entity has a beta of -0.82, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Suntex Enterprises are expected to decrease at a much lower rate. During the bear market, Suntex Enterprises is likely to outperform the market. At this point, Suntex Enterprises has a negative expected return of -0.12%. Please make sure to validate Suntex Enterprises' potential upside and the relationship between the accumulation distribution and period momentum indicator , to decide if Suntex Enterprises performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Suntex Enterprises has good reverse predictability. Overlapping area represents the amount of predictability between Suntex Enterprises time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Suntex Enterprises price movement. The serial correlation of -0.53 indicates that about 53.0% of current Suntex Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Suntex Enterprises lagged returns against current returns
Autocorrelation, which is Suntex Enterprises pink sheet'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 Suntex Enterprises' pink sheet expected returns. We can calculate the autocorrelation of Suntex Enterprises returns to help us make a trade decision. For example, suppose you find that Suntex Enterprises has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Suntex Enterprises 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 Suntex Enterprises pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suntex Enterprises pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suntex Enterprises pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Suntex Enterprises Lagged Returns
When evaluating Suntex Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suntex Enterprises pink sheet have on its future price. Suntex Enterprises 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, Suntex Enterprises autocorrelation shows the relationship between Suntex Enterprises pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Suntex Enterprises.
Regressed Prices |
| Timeline |
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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 Tools for Suntex Pink Sheet Analysis
When running Suntex Enterprises' price analysis, check to measure Suntex Enterprises' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Suntex Enterprises is operating at the current time. Most of Suntex Enterprises' value examination focuses on studying past and present price action to predict the probability of Suntex Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Suntex Enterprises' price. Additionally, you may evaluate how the addition of Suntex Enterprises to your portfolios can decrease your overall portfolio volatility.