Sumitomo Mitsui Correlations
| CMTDF Stock | USD 25.70 2.30 9.83% |
The current 90-days correlation between Sumitomo Mitsui Trust and Banco Bradesco SA is 0.05 (i.e., Significant diversification). The correlation of Sumitomo Mitsui 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Sumitomo Mitsui Correlation With Market
Good diversification
The correlation between Sumitomo Mitsui Trust and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sumitomo Mitsui Trust and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Sumitomo Mitsui could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sumitomo Mitsui 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 Sumitomo Mitsui - 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 Sumitomo Mitsui Trust to buy it.
Moving against Sumitomo Pink Sheet
| 0.33 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.31 | USB-PH | US Bancorp | PairCorr |
| 0.53 | GM | General Motors | PairCorr |
| 0.5 | RCMT | RCM Technologies | PairCorr |
| 0.46 | BSIG | Brightsphere Investment | PairCorr |
| 0.41 | FBMS | First Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.4 | VATE | Innovate Corp | PairCorr |
| 0.36 | ZWS | Zurn Elkay Water | PairCorr |
| 0.43 | CRAI | CRA International | PairCorr |
| 0.38 | TRT | Trio Tech International | PairCorr |
| 0.33 | MAR | Marriott International | PairCorr |
| 0.32 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
Related Correlations Analysis
| 0.91 | 0.69 | -0.15 | 0.94 | BBD | ||
| 0.91 | 0.66 | -0.17 | 0.96 | ITUB | ||
| 0.69 | 0.66 | 0.19 | 0.76 | LLDTF | ||
| -0.15 | -0.17 | 0.19 | -0.07 | DB | ||
| 0.94 | 0.96 | 0.76 | -0.07 | BSBR | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sumitomo Pink Sheet performing well and Sumitomo Mitsui Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sumitomo Mitsui's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BBD | 1.74 | (0.49) | 0.00 | 1.57 | 0.00 | 2.75 | 10.65 | |||
| ITUB | 1.41 | (0.40) | 0.00 | (0.77) | 0.00 | 2.39 | 10.08 | |||
| LLDTF | 2.14 | (0.14) | 0.00 | (1.55) | 0.00 | 5.48 | 23.61 | |||
| DB | 1.21 | 0.00 | (0.01) | 0.03 | 1.46 | 2.99 | 6.86 | |||
| BSBR | 1.63 | (0.50) | 0.00 | (0.53) | 0.00 | 2.20 | 10.10 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sumitomo Mitsui without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
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Sumitomo Mitsui Corporate Management
| Futoshi Itani | Sr Department | Profile | |
| Toru Takakura | Managing Executive Officer | Profile | |
| Kazuya Oyama | General Manager of HR Department and Executive Officer | Profile | |
| Yasuyuki Suzuki | Compliance Management | Profile | |
| Jiro Araumi | Managing Executive Officer | Profile | |
| Masaya Yamashiro | Ex Department | Profile |