SUNOCO LOGISTICS PARTNERS Market Value
| 86765BAV1 | 94.94 1.67 1.79% |
| Symbol | SUNOCO |
SUNOCO '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 SUNOCO's bond 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 SUNOCO.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in SUNOCO on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding SUNOCO LOGISTICS PARTNERS or generate 0.0% return on investment in SUNOCO over 540 days. SUNOCO is related to or competes with Avient Corp, PennantPark Floating, Glacier Bancorp, Mosaic, Barings BDC, Air Products, and Juniata Valley. More
SUNOCO 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 SUNOCO's bond 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 SUNOCO LOGISTICS PARTNERS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8201 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 5.57 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.56 |
SUNOCO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SUNOCO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SUNOCO's standard deviation. In reality, there are many statistical measures that can use SUNOCO historical prices to predict the future SUNOCO's volatility.| Risk Adjusted Performance | 0.014 | |||
| Jensen Alpha | 0.0093 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.12) |
SUNOCO LOGISTICS PARTNERS Backtested Returns
At this point, SUNOCO is very steady. SUNOCO LOGISTICS PARTNERS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0217, which indicates the bond had a 0.0217% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for SUNOCO LOGISTICS PARTNERS, which you can use to evaluate the volatility of the bond. Please validate SUNOCO's risk adjusted performance of 0.014, and Coefficient Of Variation of 5944.42 to confirm if the risk estimate we provide is consistent with the expected return of 0.0193%. The entity has a beta of -0.0368, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SUNOCO are expected to decrease at a much lower rate. During the bear market, SUNOCO is likely to outperform the market.
Auto-correlation | 0.41 |
Average predictability
SUNOCO LOGISTICS PARTNERS has average predictability. Overlapping area represents the amount of predictability between SUNOCO time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 SUNOCO LOGISTICS PARTNERS price movement. The serial correlation of 0.41 indicates that just about 41.0% of current SUNOCO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 5.59 |
SUNOCO LOGISTICS PARTNERS lagged returns against current returns
Autocorrelation, which is SUNOCO bond'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 SUNOCO's bond expected returns. We can calculate the autocorrelation of SUNOCO returns to help us make a trade decision. For example, suppose you find that SUNOCO has exhibited high autocorrelation historically, and you observe that the bond 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 |
SUNOCO 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 SUNOCO bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SUNOCO bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SUNOCO bond over time.
Current vs Lagged Prices |
| Timeline |
SUNOCO Lagged Returns
When evaluating SUNOCO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SUNOCO bond have on its future price. SUNOCO 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, SUNOCO autocorrelation shows the relationship between SUNOCO bond current value and its past values and can show if there is a momentum factor associated with investing in SUNOCO LOGISTICS PARTNERS.
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.Other Information on Investing in SUNOCO Bond
SUNOCO financial ratios help investors to determine whether SUNOCO Bond 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 SUNOCO with respect to the benefits of owning SUNOCO security.