Suncast Solar Energy Stock Market Value
| SUNC Stock | USD 0.0001 0.00 0.00% |
| Symbol | Suncast |
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Suncast Solar. If investors know Suncast will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Suncast Solar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.94) | Revenue Per Share 0.035 | Quarterly Revenue Growth (0.29) | Return On Assets (0.70) |
The market value of Suncast Solar Energy is measured differently than its book value, which is the value of Suncast that is recorded on the company's balance sheet. Investors also form their own opinion of Suncast Solar's value that differs from its market value or its book value, called intrinsic value, which is Suncast Solar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Suncast Solar's market value can be influenced by many factors that don't directly affect Suncast Solar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Suncast Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Suncast Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Suncast Solar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Suncast Solar '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 Suncast Solar'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 Suncast Solar.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Suncast Solar on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Suncast Solar Energy or generate 0.0% return on investment in Suncast Solar over 360 days. Suncast Solar is related to or competes with Old Dominion, Fossil, Nextplat Corp, Arrow Electronics, Ryanair Holdings, Senmiao Technology, and Pinterest. Suncast Solar Energy, Inc., through its subsidiary, Environmental Testing Laboratories, Inc., provides environmental tes... More
Suncast Solar 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 Suncast Solar'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 Suncast Solar Energy upside and downside potential and time the market with a certain degree of confidence.
Suncast Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suncast Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suncast Solar's standard deviation. In reality, there are many statistical measures that can use Suncast Solar historical prices to predict the future Suncast Solar's volatility.Suncast Solar Energy Backtested Returns
We have found three technical indicators for Suncast Solar Energy, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Suncast Solar are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Suncast Solar Energy has perfect predictability. Overlapping area represents the amount of predictability between Suncast Solar time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 Suncast Solar Energy price movement. The serial correlation of 1.0 indicates that 100.0% of current Suncast Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Suncast Solar Energy lagged returns against current returns
Autocorrelation, which is Suncast Solar 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 Suncast Solar's stock expected returns. We can calculate the autocorrelation of Suncast Solar returns to help us make a trade decision. For example, suppose you find that Suncast Solar 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 |
Suncast Solar 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 Suncast Solar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suncast Solar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suncast Solar stock over time.
Current vs Lagged Prices |
| Timeline |
Suncast Solar Lagged Returns
When evaluating Suncast Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suncast Solar stock have on its future price. Suncast Solar 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, Suncast Solar autocorrelation shows the relationship between Suncast Solar stock current value and its past values and can show if there is a momentum factor associated with investing in Suncast Solar 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.When determining whether Suncast Solar Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Suncast Solar'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 Suncast Solar Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Suncast Solar Energy Stock:Check out Suncast Solar Correlation, Suncast Solar Volatility and Suncast Solar Alpha and Beta module to complement your research on Suncast Solar. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Suncast Solar 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.