Sunshine Oilsands Stock Market Value
| SUNYF Stock | USD 0.06 0 6.32% |
| Symbol | Sunshine |
Sunshine Oilsands '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 Sunshine Oilsands' 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 Sunshine Oilsands.
| 06/09/2024 |
| 12/31/2025 |
If you would invest 0.00 in Sunshine Oilsands on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding Sunshine Oilsands or generate 0.0% return on investment in Sunshine Oilsands over 570 days. Sunshine Oilsands is related to or competes with New Zealand. Sunshine Oilsands Ltd. engages in the exploration and development of oil properties for the production of bitumen and cr... More
Sunshine Oilsands 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 Sunshine Oilsands' 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 Sunshine Oilsands upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 27.12 |
Sunshine Oilsands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunshine Oilsands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunshine Oilsands' standard deviation. In reality, there are many statistical measures that can use Sunshine Oilsands historical prices to predict the future Sunshine Oilsands' volatility.| Risk Adjusted Performance | 0.0119 | |||
| Jensen Alpha | 0.0043 | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.1441 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sunshine Oilsands' 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.
Sunshine Oilsands Backtested Returns
At this point, Sunshine Oilsands is out of control. Sunshine Oilsands owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty technical indicators for Sunshine Oilsands, which you can use to evaluate the volatility of the company. Please validate Sunshine Oilsands' Risk Adjusted Performance of 0.0119, coefficient of variation of 16841.71, and Variance of 9.97 to confirm if the risk estimate we provide is consistent with the expected return of 0.0193%. The entity has a beta of 0.0607, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sunshine Oilsands' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunshine Oilsands is expected to be smaller as well. Sunshine Oilsands right now has a risk of 3.21%. Please validate Sunshine Oilsands jensen alpha, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to decide if Sunshine Oilsands will be following its existing price patterns.
Auto-correlation | -0.21 |
Weak reverse predictability
Sunshine Oilsands has weak reverse predictability. Overlapping area represents the amount of predictability between Sunshine Oilsands time series from 9th of June 2024 to 21st of March 2025 and 21st of March 2025 to 31st of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sunshine Oilsands price movement. The serial correlation of -0.21 indicates that over 21.0% of current Sunshine Oilsands price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sunshine Oilsands lagged returns against current returns
Autocorrelation, which is Sunshine Oilsands 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 Sunshine Oilsands' pink sheet expected returns. We can calculate the autocorrelation of Sunshine Oilsands returns to help us make a trade decision. For example, suppose you find that Sunshine Oilsands 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 |
Sunshine Oilsands 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 Sunshine Oilsands pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunshine Oilsands pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunshine Oilsands pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sunshine Oilsands Lagged Returns
When evaluating Sunshine Oilsands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunshine Oilsands pink sheet have on its future price. Sunshine Oilsands 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, Sunshine Oilsands autocorrelation shows the relationship between Sunshine Oilsands pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sunshine Oilsands.
Regressed Prices |
| Timeline |
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Other Information on Investing in Sunshine Pink Sheet
Sunshine Oilsands financial ratios help investors to determine whether Sunshine Pink Sheet 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 Sunshine with respect to the benefits of owning Sunshine Oilsands security.