SUMITOMO MITSUI FINANCIAL Odds of Future Bond Price Finishing Under 84.11
| 86562MBZ2 | 79.43 6.44 7.50% |
SUMITOMO |
SUMITOMO Target Price Odds to finish below 84.11
The tendency of SUMITOMO Bond price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under 84.11 after 90 days |
| 79.43 | 90 days | 84.11 | about 8.27 |
Based on a normal probability distribution, the odds of SUMITOMO to stay under 84.11 after 90 days from now is about 8.27 (This SUMITOMO MITSUI FINANCIAL probability density function shows the probability of SUMITOMO Bond to fall within a particular range of prices over 90 days) . Probability of SUMITOMO MITSUI FINANCIAL price to stay between its current price of 79.43 and 84.11 at the end of the 90-day period is about 8.49 .
Assuming the 90 days trading horizon SUMITOMO has a beta of 0.19. This usually implies as returns on the market go up, SUMITOMO average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SUMITOMO MITSUI FINANCIAL will be expected to be much smaller as well. Additionally SUMITOMO MITSUI FINANCIAL has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. SUMITOMO Price Density |
| Price |
Predictive Modules for SUMITOMO
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SUMITOMO MITSUI FINANCIAL. Regardless of method or technology, however, to accurately forecast the bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the bond market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.SUMITOMO Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SUMITOMO is not an exception. The market had few large corrections towards the SUMITOMO's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold SUMITOMO MITSUI FINANCIAL, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SUMITOMO within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 0.19 | |
σ | Overall volatility | 1.61 | |
Ir | Information ratio | -0.22 |
SUMITOMO Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of SUMITOMO for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SUMITOMO MITSUI FINANCIAL can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SUMITOMO generated a negative expected return over the last 90 days |
SUMITOMO Technical Analysis
SUMITOMO's future price can be derived by breaking down and analyzing its technical indicators over time. SUMITOMO Bond technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SUMITOMO MITSUI FINANCIAL. In general, you should focus on analyzing SUMITOMO Bond price patterns and their correlations with different microeconomic environments and drivers.
SUMITOMO Predictive Forecast Models
SUMITOMO's time-series forecasting models is one of many SUMITOMO's bond analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary SUMITOMO's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the bond market movement and maximize returns from investment trading.
Things to note about SUMITOMO MITSUI FINANCIAL
Checking the ongoing alerts about SUMITOMO for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SUMITOMO MITSUI FINANCIAL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SUMITOMO generated a negative expected return over the last 90 days |
Other Information on Investing in SUMITOMO Bond
SUMITOMO financial ratios help investors to determine whether SUMITOMO Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SUMITOMO with respect to the benefits of owning SUMITOMO security.