Sumitomo Corp Adr Stock Market Value
| SSUMY Stock | USD 24.23 0.26 1.06% |
| Symbol | Sumitomo |
Sumitomo Corp '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 Sumitomo Corp's 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 Sumitomo Corp.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Sumitomo Corp on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Sumitomo Corp ADR or generate 0.0% return on investment in Sumitomo Corp over 30 days. Sumitomo Corp is related to or competes with Itochu Corp, Mitsubishi Corp, ITOCHU, Marubeni Corp, and Mitsui Co. Sumitomo Corporation engages in general trading business worldwide More
Sumitomo Corp 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 Sumitomo Corp's 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 Sumitomo Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.0322 | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 2.13 |
Sumitomo Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sumitomo Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sumitomo Corp's standard deviation. In reality, there are many statistical measures that can use Sumitomo Corp historical prices to predict the future Sumitomo Corp's volatility.| Risk Adjusted Performance | 0.0569 | |||
| Jensen Alpha | 0.1065 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0316 | |||
| Treynor Ratio | (1.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sumitomo Corp'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.
Sumitomo Corp ADR Backtested Returns
We consider Sumitomo Corp very steady. Sumitomo Corp ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0677, which indicates the firm had a 0.0677% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sumitomo Corp ADR, which you can use to evaluate the volatility of the company. Please validate Sumitomo Corp's Risk Adjusted Performance of 0.0569, semi deviation of 1.19, and Coefficient Of Variation of 1199.71 to confirm if the risk estimate we provide is consistent with the expected return of 0.0926%. Sumitomo Corp has a performance score of 5 on a scale of 0 to 100. The entity has a beta of -0.0818, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sumitomo Corp are expected to decrease at a much lower rate. During the bear market, Sumitomo Corp is likely to outperform the market. Sumitomo Corp ADR right now has a risk of 1.37%. Please validate Sumitomo Corp value at risk, as well as the relationship between the kurtosis and market facilitation index , to decide if Sumitomo Corp will be following its existing price patterns.
Auto-correlation | 0.08 |
Virtually no predictability
Sumitomo Corp ADR has virtually no predictability. Overlapping area represents the amount of predictability between Sumitomo Corp time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Sumitomo Corp ADR price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Sumitomo Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Sumitomo Corp ADR lagged returns against current returns
Autocorrelation, which is Sumitomo Corp 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 Sumitomo Corp's pink sheet expected returns. We can calculate the autocorrelation of Sumitomo Corp returns to help us make a trade decision. For example, suppose you find that Sumitomo Corp 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 |
Sumitomo Corp 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 Sumitomo Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumitomo Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sumitomo Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sumitomo Corp Lagged Returns
When evaluating Sumitomo Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sumitomo Corp pink sheet have on its future price. Sumitomo Corp 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, Sumitomo Corp autocorrelation shows the relationship between Sumitomo Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sumitomo Corp ADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Sumitomo Corp Correlation, Sumitomo Corp Volatility and Sumitomo Corp Alpha and Beta module to complement your research on Sumitomo Corp. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Sumitomo Pink Sheet analysis
When running Sumitomo Corp's price analysis, check to measure Sumitomo Corp'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 Corp is operating at the current time. Most of Sumitomo Corp's value examination focuses on studying past and present price action to predict the probability of Sumitomo Corp'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 Corp's price. Additionally, you may evaluate how the addition of Sumitomo Corp to your portfolios can decrease your overall portfolio volatility.
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Sumitomo Corp 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.