Suncor Price To Book Ratio from 2010 to 2026
| SU Stock | CAD 65.00 1.67 2.64% |
Price To Book Ratio | First Reported 2010-12-31 | Previous Quarter 1.69 | Current Value 3.09 | Quarterly Volatility 0.4551019 |
Check Suncor Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Suncor Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 9.1 B, Interest Expense of 809 M or Selling General Administrative of 5.1 B, as well as many indicators such as Price To Sales Ratio of 2.44, Dividend Yield of 0.0405 or PTB Ratio of 3.09. Suncor financial statements analysis is a perfect complement when working with Suncor Energy Valuation or Volatility modules.
Suncor | Price To Book Ratio |
Latest Suncor Energy's Price To Book Ratio Growth Pattern
Below is the plot of the Price To Book Ratio of Suncor Energy over the last few years. It is a ratio used to compare a firm's market value to its book value, calculated by dividing the current closing price of the stock by the latest quarter's book value per share. Suncor Energy's Price To Book Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Suncor Energy's overall financial position and show how it may be relating to other accounts over time.
| Price To Book Ratio | 10 Years Trend |
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Price To Book Ratio |
| Timeline |
Suncor Price To Book Ratio Regression Statistics
| Arithmetic Mean | 1.49 | |
| Geometric Mean | 1.45 | |
| Coefficient Of Variation | 30.49 | |
| Mean Deviation | 0.26 | |
| Median | 1.39 | |
| Standard Deviation | 0.46 | |
| Sample Variance | 0.21 | |
| Range | 2.1788 | |
| R-Value | 0.46 | |
| Mean Square Error | 0.17 | |
| R-Squared | 0.21 | |
| Significance | 0.06 | |
| Slope | 0.04 | |
| Total Sum of Squares | 3.31 |
Suncor Price To Book Ratio History
About Suncor Energy Financial Statements
Suncor Energy investors utilize fundamental indicators, such as Price To Book Ratio, to predict how Suncor Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price To Book Ratio | 1.69 | 3.09 |
Pair Trading with Suncor Energy
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 Suncor Energy 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 Suncor Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Suncor Stock
Moving against Suncor Stock
| 0.77 | SAGE | Sage Potash Corp | PairCorr |
| 0.65 | GSTM | Goldstorm Metals Corp | PairCorr |
| 0.41 | ENS-PA | E Split Corp | PairCorr |
| 0.33 | ADEN | ADENTRA | PairCorr |
The ability to find closely correlated positions to Suncor Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Suncor Energy 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 Suncor Energy - 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 Suncor Energy to buy it.
The correlation of Suncor Energy 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 Suncor Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Suncor Energy 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 Suncor Energy 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 the analysis of Suncor Energy Correlation against competitors. To learn how to invest in Suncor Stock, please use our How to Invest in Suncor Energy guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.