Solarbank Common Stock Market Value
| SUUN Stock | 1.91 0.09 4.50% |
| Symbol | SolarBank |
Is Construction & Engineering 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 SolarBank Common. If investors know SolarBank 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 SolarBank Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of SolarBank Common is measured differently than its book value, which is the value of SolarBank that is recorded on the company's balance sheet. Investors also form their own opinion of SolarBank Common's value that differs from its market value or its book value, called intrinsic value, which is SolarBank Common'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 SolarBank Common's market value can be influenced by many factors that don't directly affect SolarBank Common'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 SolarBank Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if SolarBank Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SolarBank Common'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.
SolarBank Common '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 SolarBank Common'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 SolarBank Common.
| 01/08/2024 |
| 12/28/2025 |
If you would invest 0.00 in SolarBank Common on January 8, 2024 and sell it all today you would earn a total of 0.00 from holding SolarBank Common or generate 0.0% return on investment in SolarBank Common over 720 days. SolarBank Common is related to or competes with OPAL Fuels, Verde Clean, Eco Wave, Rain Enhancement, Via Renewables, Advent Technologies, and Fusion Fuel. More
SolarBank Common 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 SolarBank Common'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 SolarBank Common upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.01 | |||
| Information Ratio | 0.0652 | |||
| Maximum Drawdown | 27.0 | |||
| Value At Risk | (7.65) | |||
| Potential Upside | 11.92 |
SolarBank Common Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SolarBank Common's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SolarBank Common's standard deviation. In reality, there are many statistical measures that can use SolarBank Common historical prices to predict the future SolarBank Common's volatility.| Risk Adjusted Performance | 0.0654 | |||
| Jensen Alpha | 0.4585 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0713 | |||
| Treynor Ratio | (1.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SolarBank Common's 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.
SolarBank Common Backtested Returns
SolarBank Common appears to be dangerous, given 3 months investment horizon. SolarBank Common owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0808, which indicates the firm had a 0.0808 % return per unit of risk over the last 3 months. We have found thirty technical indicators for SolarBank Common, which you can use to evaluate the volatility of the company. Please review SolarBank Common's Semi Deviation of 4.58, risk adjusted performance of 0.0654, and Coefficient Of Variation of 1238.29 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SolarBank Common holds a performance score of 6. The entity has a beta of -0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SolarBank Common are expected to decrease at a much lower rate. During the bear market, SolarBank Common is likely to outperform the market. Please check SolarBank Common's value at risk, as well as the relationship between the kurtosis and market facilitation index , to make a quick decision on whether SolarBank Common's existing price patterns will revert.
Auto-correlation | 0.65 |
Good predictability
SolarBank Common has good predictability. Overlapping area represents the amount of predictability between SolarBank Common time series from 8th of January 2024 to 2nd of January 2025 and 2nd of January 2025 to 28th 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 SolarBank Common price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current SolarBank Common price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
SolarBank Common lagged returns against current returns
Autocorrelation, which is SolarBank Common 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 SolarBank Common's stock expected returns. We can calculate the autocorrelation of SolarBank Common returns to help us make a trade decision. For example, suppose you find that SolarBank Common 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 |
SolarBank Common 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 SolarBank Common stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SolarBank Common stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SolarBank Common stock over time.
Current vs Lagged Prices |
| Timeline |
SolarBank Common Lagged Returns
When evaluating SolarBank Common's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SolarBank Common stock have on its future price. SolarBank Common 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, SolarBank Common autocorrelation shows the relationship between SolarBank Common stock current value and its past values and can show if there is a momentum factor associated with investing in SolarBank Common.
Regressed Prices |
| Timeline |
Pair Trading with SolarBank Common
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SolarBank Common position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SolarBank Common will appreciate offsetting losses from the drop in the long position's value.Moving against SolarBank Stock
| 0.57 | GNP | Genusplus Group | PairCorr |
| 0.41 | ACA | Arcosa Inc | PairCorr |
| 0.41 | 300506 | Shenzhen Minkave Tec | PairCorr |
| 0.38 | APG | Api Group Corp | PairCorr |
| 0.37 | FER | Ferrovial SE | PairCorr |
The ability to find closely correlated positions to SolarBank Common could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SolarBank Common when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SolarBank Common - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SolarBank Common to buy it.
The correlation of SolarBank Common is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SolarBank Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SolarBank Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SolarBank Common can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out SolarBank Common Correlation, SolarBank Common Volatility and SolarBank Common Alpha and Beta module to complement your research on SolarBank Common. To learn how to invest in SolarBank Stock, please use our How to Invest in SolarBank Common guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
SolarBank Common 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.