Suncorp Group (Germany) Market Value
| SU4 Stock | EUR 11.90 0.10 0.83% |
| Symbol | Suncorp |
Suncorp Group '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 Suncorp Group'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 Suncorp Group.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Suncorp Group on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Suncorp Group Limited or generate 0.0% return on investment in Suncorp Group over 30 days. Suncorp Group is related to or competes with SHIP HEALTHCARE, Sabra Health, Cardinal Health, Australian Agricultural, and Bumrungrad Hospital. Suncorp Group Limited provides insurance, banking, and wealth products and services to retail, corporate, and commercial... More
Suncorp Group 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 Suncorp Group'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 Suncorp Group Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.0225 | |||
| Maximum Drawdown | 8.82 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 3.45 |
Suncorp Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suncorp Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suncorp Group's standard deviation. In reality, there are many statistical measures that can use Suncorp Group historical prices to predict the future Suncorp Group's volatility.| Risk Adjusted Performance | 0.087 | |||
| Jensen Alpha | 0.1245 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0181 | |||
| Treynor Ratio | 0.5276 |
Suncorp Group Limited Backtested Returns
At this point, Suncorp Group is not too volatile. Suncorp Group Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Suncorp Group Limited, which you can use to evaluate the volatility of the company. Please validate Suncorp Group's Coefficient Of Variation of 935.47, risk adjusted performance of 0.087, and Semi Deviation of 1.33 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Suncorp Group has a performance score of 8 on a scale of 0 to 100. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Suncorp Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Suncorp Group is expected to be smaller as well. Suncorp Group Limited right now has a risk of 1.63%. Please validate Suncorp Group total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Suncorp Group will be following its existing price patterns.
Auto-correlation | 0.32 |
Below average predictability
Suncorp Group Limited has below average predictability. Overlapping area represents the amount of predictability between Suncorp Group time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Suncorp Group Limited price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Suncorp Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Suncorp Group Limited lagged returns against current returns
Autocorrelation, which is Suncorp Group 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 Suncorp Group's stock expected returns. We can calculate the autocorrelation of Suncorp Group returns to help us make a trade decision. For example, suppose you find that Suncorp Group 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 |
Suncorp Group 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 Suncorp Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suncorp Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suncorp Group stock over time.
Current vs Lagged Prices |
| Timeline |
Suncorp Group Lagged Returns
When evaluating Suncorp Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suncorp Group stock have on its future price. Suncorp Group 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, Suncorp Group autocorrelation shows the relationship between Suncorp Group stock current value and its past values and can show if there is a momentum factor associated with investing in Suncorp Group Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Suncorp Stock
Suncorp Group financial ratios help investors to determine whether Suncorp 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 Suncorp with respect to the benefits of owning Suncorp Group security.