Sumitomo Stock Technical Analysis
SSUMF Stock | USD 24.58 0.28 1.15% |
As of the 25th of April, Sumitomo has the Risk Adjusted Performance of 0.0518, semi deviation of 1.65, and Coefficient Of Variation of 1375.49. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Sumitomo, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have collected data for nineteen technical drivers for Sumitomo, which can be compared to its competition. Please validate Sumitomo standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Sumitomo is priced more or less accurately, providing market reflects its prevalent price of 24.58 per share. Given that Sumitomo has jensen alpha of 0.1253, we advise you to double-check Sumitomo's current market performance to make sure the company can sustain itself at a future point.
Sumitomo Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Sumitomo, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SumitomoSumitomo |
Sumitomo technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Sumitomo Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Sumitomo volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Sumitomo Trend Analysis
Use this graph to draw trend lines for Sumitomo. You can use it to identify possible trend reversals for Sumitomo as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Sumitomo price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Sumitomo Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Sumitomo applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Sumitomo will continue generating value for investors. It has 122 observation points and a regression sum of squares at 38.41, which is the sum of squared deviations for the predicted Sumitomo price change compared to its average price change.About Sumitomo Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Sumitomo on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Sumitomo based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Sumitomo price pattern first instead of the macroeconomic environment surrounding Sumitomo. By analyzing Sumitomo's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Sumitomo's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Sumitomo specific price patterns or momentum indicators. Please read more on our technical analysis page.
Sumitomo April 25, 2024 Technical Indicators
Most technical analysis of Sumitomo help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Sumitomo from various momentum indicators to cycle indicators. When you analyze Sumitomo charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0518 | |||
Market Risk Adjusted Performance | (1.88) | |||
Mean Deviation | 1.08 | |||
Semi Deviation | 1.65 | |||
Downside Deviation | 2.9 | |||
Coefficient Of Variation | 1375.49 | |||
Standard Deviation | 1.79 | |||
Variance | 3.19 | |||
Information Ratio | 0.0194 | |||
Jensen Alpha | 0.1253 | |||
Total Risk Alpha | (0.12) | |||
Sortino Ratio | 0.0119 | |||
Treynor Ratio | (1.89) | |||
Maximum Drawdown | 11.56 | |||
Value At Risk | (3.36) | |||
Potential Upside | 2.81 | |||
Downside Variance | 8.39 | |||
Semi Variance | 2.73 | |||
Expected Short fall | (1.61) | |||
Skewness | (1.20) | |||
Kurtosis | 4.67 |
Sumitomo April 25, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Sumitomo stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 0.00 | ||
Daily Balance Of Power | Huge | ||
Rate Of Daily Change | 1.01 | ||
Day Median Price | 24.58 | ||
Day Typical Price | 24.58 | ||
Price Action Indicator | 0.14 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sumitomo. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Sumitomo Pink Sheet analysis
When running Sumitomo's price analysis, check to measure Sumitomo's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sumitomo is operating at the current time. Most of Sumitomo's value examination focuses on studying past and present price action to predict the probability of Sumitomo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sumitomo's price. Additionally, you may evaluate how the addition of Sumitomo to your portfolios can decrease your overall portfolio volatility.
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