Sumitomo Mitsui Correlations
| XMF Stock | EUR 22.95 0.11 0.48% |
The current 90-days correlation between Sumitomo Mitsui Financial and CDN IMPERIAL BANK is 0.18 (i.e., Average 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
Modest diversification
The correlation between Sumitomo Mitsui Financial and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sumitomo Mitsui Financial 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 Financial to buy it.
Moving together with Sumitomo Stock
| 0.61 | CMC | JPMorgan Chase | PairCorr |
| 0.61 | NCB | Bank of America | PairCorr |
| 0.69 | HBC1 | HSBC Holdings plc | PairCorr |
| 0.69 | HBC2 | HSBC Holdings plc | PairCorr |
| 0.63 | RYC | Royal Bank | PairCorr |
| 0.67 | CWW | Commonwealth Bank | PairCorr |
| 0.8 | 3IB | PT Indo Tambangraya | PairCorr |
| 0.62 | DTE | Deutsche Telekom | PairCorr |
Moving against Sumitomo Stock
| 0.93 | HX1A | HEXINDO ADIPERKASA | PairCorr |
| 0.88 | HX1A | HEXINDO ADIPERKASA | PairCorr |
| 0.78 | I41 | INDIKA ENERGY | PairCorr |
| 0.75 | KM6 | ADHI KARYA | PairCorr |
| 0.49 | DBPD | Xtrackers ShortDAX | PairCorr |
Related Correlations Analysis
| 0.66 | 0.42 | 0.61 | 0.68 | 0.68 | 0.55 | I9V | ||
| 0.66 | 0.48 | 0.98 | 0.93 | 0.96 | 0.76 | WED | ||
| 0.42 | 0.48 | 0.4 | 0.6 | 0.62 | 0.74 | DSG | ||
| 0.61 | 0.98 | 0.4 | 0.91 | 0.93 | 0.68 | SYU1 | ||
| 0.68 | 0.93 | 0.6 | 0.91 | 0.96 | 0.8 | CAI | ||
| 0.68 | 0.96 | 0.62 | 0.93 | 0.96 | 0.85 | SFE | ||
| 0.55 | 0.76 | 0.74 | 0.68 | 0.8 | 0.85 | CUW | ||
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Risk-Adjusted Indicators
There is a big difference between Sumitomo Stock 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| I9V | 1.80 | 0.13 | 0.05 | (1.00) | 1.97 | 4.26 | 11.37 | |||
| WED | 1.97 | 0.44 | 0.21 | (1.17) | 1.59 | 4.72 | 20.23 | |||
| DSG | 2.10 | 0.23 | 0.10 | (0.50) | 1.97 | 5.65 | 9.97 | |||
| SYU1 | 1.72 | 0.40 | 0.21 | (2.19) | 1.26 | 4.99 | 11.80 | |||
| CAI | 0.74 | 0.17 | 0.22 | 3.73 | 0.48 | 1.80 | 5.83 | |||
| SFE | 1.57 | 0.57 | 0.40 | (0.90) | 0.80 | 5.45 | 14.82 | |||
| CUW | 1.38 | 0.15 | 0.08 | 0.34 | 1.37 | 2.60 | 8.13 |
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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Sumitomo Mitsui Corporate Management
Elected by the shareholders, the Sumitomo Mitsui's board of directors comprises two types of representatives: Sumitomo Mitsui inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sumitomo. The board's role is to monitor Sumitomo Mitsui's management team and ensure that shareholders' interests are well served. Sumitomo Mitsui's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sumitomo Mitsui's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jun Okahashi | Gen Department | Profile | |
| Takeshi Mikami | Sr CAE | Profile | |
| Masahiko Oshima | Representative Pres | Profile | |
| Jun Uchikawa | Group Officer | Profile | |
| Kohei Ohashi | SVP | Profile | |
| Yoshihiro Hyakutome | Sr Officer | Profile | |
| Katsunori Tanizaki | Sr CDIO | Profile |