Sumitomo Electric Industries Stock Price on December 4, 2024
| SMTOY Stock | USD 17.86 0.31 1.71% |
If you're considering investing in Sumitomo Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Sumitomo Electric stands at 17.86, as last reported on the 24th of December, with the highest price reaching 18.07 and the lowest price hitting 17.55 during the day. At this stage we consider Sumitomo Pink Sheet to be not too volatile. Sumitomo Electric owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0714, which indicates the firm had a 0.0714% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sumitomo Electric Industries, which you can use to evaluate the volatility of the company. Please validate Sumitomo Electric's Coefficient Of Variation of 1588.71, risk adjusted performance of 0.0563, and Semi Deviation of 1.67 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%.
Sumitomo Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Sumitomo |
Sharpe Ratio = 0.0714
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Estimated Market Risk
| 2.26 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Sumitomo Electric is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sumitomo Electric by adding it to a well-diversified portfolio.
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Sumitomo Electric Valuation on December 4, 2024
It is possible to determine the worth of Sumitomo Electric on a given historical date. On December 4, 2024 Sumitomo was worth 20.0 at the beginning of the trading date compared to the closed value of 19.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sumitomo Electric pink sheet. Still, in general, we apply an absolute valuation method to find Sumitomo Electric's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Sumitomo Electric where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sumitomo Electric's related companies.
| Open | High | Low | Close | Volume | |
| 19.64 | 20.20 | 19.64 | 20.14 | 10,300 | |
12/04/2024 | 20.00 | 20.55 | 19.89 | 19.89 | 14,000 |
| 20.31 | 21.04 | 20.04 | 20.20 | 21,800 |
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Sumitomo Electric Trading Date Momentum on December 4, 2024
| On December 05 2024 Sumitomo Electric Industries was traded for 20.20 at the closing time. The highest daily price throughout the period was 21.04 and the lowest price was 20.04 . The daily volume was 21.8 K. The net trading volume on 12/05/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 1.56% . The trading price change to current closing price is 6.49% . |
Sumitomo Electric Fundamentals Correlations and Trends
By evaluating Sumitomo Electric's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sumitomo Electric's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sumitomo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sumitomo Electric Pink Sheet history
Sumitomo Electric investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Sumitomo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sumitomo Electric will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Sumitomo Electric stock prices may prove useful in developing a viable investing in Sumitomo Electric
Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide. The company was founded in 1897 and is headquartered in Osaka, Japan. Sumitomo Electric operates under Auto Parts classification in the United States and is traded on OTC Exchange. It employs 281075 people.
Sumitomo Electric Pink Sheet Technical Analysis
Sumitomo Electric 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.
Price Boundaries
Sumitomo Electric Period Price Range
Low | December 24, 2024
| High |
0.00 | 0.00 |
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Sumitomo Electric December 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Sumitomo Electric pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sumitomo Electric shares will generate the highest return on investment. By undertsting and applying Sumitomo Electric pink sheet market strength indicators, traders can identify Sumitomo Electric Industries entry and exit signals to maximize returns
Sumitomo Electric Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sumitomo Electric's price direction in advance. Along with the technical and fundamental analysis of Sumitomo Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sumitomo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0563 | |||
| Jensen Alpha | 0.1149 | |||
| Total Risk Alpha | 0.0646 | |||
| Sortino Ratio | 0.0586 | |||
| Treynor Ratio | 0.2072 |
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Additional Tools for Sumitomo Pink Sheet Analysis
When running Sumitomo Electric's price analysis, check to measure Sumitomo Electric'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 Electric is operating at the current time. Most of Sumitomo Electric's value examination focuses on studying past and present price action to predict the probability of Sumitomo Electric'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 Electric's price. Additionally, you may evaluate how the addition of Sumitomo Electric to your portfolios can decrease your overall portfolio volatility.