Sunopta Stock Market Value
| SOY Stock | CAD 10.90 0.11 1.02% |
| Symbol | SunOpta |
SunOpta Price To Book Ratio
SunOpta '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 SunOpta'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 SunOpta.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in SunOpta on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding SunOpta or generate 0.0% return on investment in SunOpta over 720 days. SunOpta is related to or competes with Winpak, Canaccord Genuity, Altus Group, and Martinrea International. SunOpta Inc. manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodserv... More
SunOpta 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 SunOpta'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 SunOpta upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.0939 | |||
| Maximum Drawdown | 25.18 | |||
| Value At Risk | (5.05) | |||
| Potential Upside | 4.97 |
SunOpta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SunOpta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SunOpta's standard deviation. In reality, there are many statistical measures that can use SunOpta historical prices to predict the future SunOpta's volatility.| Risk Adjusted Performance | 0.1013 | |||
| Jensen Alpha | 0.381 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1314 | |||
| Treynor Ratio | 0.5696 |
SunOpta Backtested Returns
SunOpta appears to be somewhat reliable, given 3 months investment horizon. SunOpta owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for SunOpta, which you can use to evaluate the volatility of the company. Please review SunOpta's Semi Deviation of 2.5, risk adjusted performance of 0.1013, and Coefficient Of Variation of 817.84 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SunOpta holds a performance score of 9. The entity has a beta of 0.81, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SunOpta's returns are expected to increase less than the market. However, during the bear market, the loss of holding SunOpta is expected to be smaller as well. Please check SunOpta's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether SunOpta's existing price patterns will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
SunOpta has poor reverse predictability. Overlapping area represents the amount of predictability between SunOpta time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 SunOpta price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current SunOpta price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
SunOpta lagged returns against current returns
Autocorrelation, which is SunOpta 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 SunOpta's stock expected returns. We can calculate the autocorrelation of SunOpta returns to help us make a trade decision. For example, suppose you find that SunOpta 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 |
SunOpta 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 SunOpta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SunOpta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SunOpta stock over time.
Current vs Lagged Prices |
| Timeline |
SunOpta Lagged Returns
When evaluating SunOpta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SunOpta stock have on its future price. SunOpta 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, SunOpta autocorrelation shows the relationship between SunOpta stock current value and its past values and can show if there is a momentum factor associated with investing in SunOpta.
Regressed Prices |
| Timeline |
When determining whether SunOpta is a strong investment it is important to analyze SunOpta'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 SunOpta's future performance. For an informed investment choice regarding SunOpta Stock, refer to the following important reports:
Check out SunOpta Correlation, SunOpta Volatility and SunOpta Alpha and Beta module to complement your research on SunOpta. To learn how to invest in SunOpta Stock, please use our How to Invest in SunOpta guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
SunOpta 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.