Sumitomo Electric Industries Stock Price Prediction

SMTOY Stock  USD 18.74  0.16  0.85%   
The relative strength index (RSI) of Sumitomo Electric's pink sheet price is slightly above 69. This usually implies that the pink sheet is rather overbought by investors at this time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Sumitomo, making its price go up or down.

Oversold Vs Overbought

69

 
Oversold
 
Overbought
The successful prediction of Sumitomo Electric's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Sumitomo Electric Industries, which may create opportunities for some arbitrage if properly timed.
Using Sumitomo Electric hype-based prediction, you can estimate the value of Sumitomo Electric Industries from the perspective of Sumitomo Electric response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Sumitomo Electric to buy its pink sheet at a price that has no basis in reality. In that case, they are not buying Sumitomo because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell pink sheets at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Sumitomo Electric after-hype prediction price

    
  USD 18.74  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as pink sheet price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Sumitomo Electric Basic Forecasting Models to cross-verify your projections.
Intrinsic
Valuation
LowRealHigh
15.8218.1420.46
Details

Sumitomo Electric After-Hype Price Prediction Density Analysis

As far as predicting the price of Sumitomo Electric at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Sumitomo Electric or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Pink Sheet prices, such as prices of Sumitomo Electric, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Sumitomo Electric Estimiated After-Hype Price Volatility

In the context of predicting Sumitomo Electric's pink sheet value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Sumitomo Electric's historical news coverage. Sumitomo Electric's after-hype downside and upside margins for the prediction period are 16.42 and 21.06, respectively. We have considered Sumitomo Electric's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
18.74
18.74
After-hype Price
21.06
Upside
Sumitomo Electric is not too volatile at this time. Analysis and calculation of next after-hype price of Sumitomo Electric is based on 3 months time horizon.

Sumitomo Electric Pink Sheet Price Prediction Analysis

Have you ever been surprised when a price of a Company such as Sumitomo Electric is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Sumitomo Electric backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Pink Sheet price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Sumitomo Electric, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.28 
2.32
 0.00  
  0.03 
0 Events / Month
14 Events / Month
Within a week
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
18.74
18.74
0.00 
0.00  
Notes

Sumitomo Electric Hype Timeline

Sumitomo Electric is at this time traded for 18.74. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.03. Sumitomo is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is at this time at 0.28%. %. The volatility of related hype on Sumitomo Electric is about 1976.68%, with the expected price after the next announcement by competition of 18.71. The company has price-to-book ratio of 0.67. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Sumitomo Electric last dividend was issued on the 29th of September 2022. The entity had 10:1 split on the 23rd of July 2014. Assuming the 90 days horizon the next estimated press release will be within a week.
Check out Sumitomo Electric Basic Forecasting Models to cross-verify your projections.

Sumitomo Electric Related Hype Analysis

Having access to credible news sources related to Sumitomo Electric's direct competition is more important than ever and may enhance your ability to predict Sumitomo Electric's future price movements. Getting to know how Sumitomo Electric's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Sumitomo Electric may potentially react to the hype associated with one of its peers.
Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
AXLAmerican Axle Manufacturing(0.26)8 per month 2.04  0.08  5.00 (3.02) 12.38 
LEALear Corporation(0.90)10 per month 0.00 (0.08) 3.00 (3.16) 9.75 
CVGICommercial Vehicle Group 0.06 10 per month 0.00 (0.08) 7.11 (5.54) 30.58 
ADNTAdient PLC 0.25 9 per month 0.00 (0.06) 4.15 (4.08) 10.66 
GNTXGentex 0.28 10 per month 1.20  0.01  2.33 (1.92) 7.93 
MNROMonro Muffler Brake 0.53 10 per month 1.71  0  4.56 (2.97) 10.44 
MLRMiller Industries 1.72 5 per month 2.13  0.10  3.83 (2.18) 19.15 
LKQLKQ Corporation 0.73 10 per month 0.00 (0.11) 2.60 (2.09) 7.01 
DORMDorman Products(3.51)10 per month 0.90  0.11  3.10 (2.03) 14.67 
ALSNAllison Transmission Holdings(0.05)10 per month 0.58  0.22  2.73 (1.47) 11.01 
APTVAptiv PLC 0.33 11 per month 0.00 (0.1) 2.67 (3.00) 20.63 
MGAMagna International(0.84)8 per month 2.04  0.05  3.06 (3.95) 11.56 
AEVAAeva Technologies(0.01)8 per month 3.23  0.15  9.38 (6.03) 22.60 
LAZRLuminar Technologies(1.50)7 per month 0.00 (0.11) 12.23 (9.91) 33.67 
HSAIHesai Group American 1.39 8 per month 3.41  0.24  10.49 (6.60) 51.02 
LIDRAeye Inc 0.04 7 per month 4.18  0.02  10.26 (6.61) 25.53 
MBLYMobileye Global Class(0.40)9 per month 3.55  0.16  10.51 (6.42) 25.50 
INVZInnoviz Technologies(0.07)6 per month 3.70  0.09  12.24 (6.25) 36.77 
QSQuantumscape Corp(0.02)8 per month 0.00 (0.07) 3.88 (4.39) 33.56 

Sumitomo Electric Additional Predictive Modules

Most predictive techniques to examine Sumitomo price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Sumitomo using various technical indicators. When you analyze Sumitomo charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Sumitomo Electric Predictive Indicators

The successful prediction of Sumitomo Electric stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Sumitomo Electric Industries, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Sumitomo Electric based on analysis of Sumitomo Electric hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Sumitomo Electric's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Sumitomo Electric's related companies.

Story Coverage note for Sumitomo Electric

The number of cover stories for Sumitomo Electric depends on current market conditions and Sumitomo Electric's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Sumitomo Electric is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Sumitomo Electric's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Other Macroaxis Stories

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Sumitomo Electric Short Properties

Sumitomo Electric's future price predictability will typically decrease when Sumitomo Electric's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Sumitomo Electric Industries often depends not only on the future outlook of the potential Sumitomo Electric's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Sumitomo Electric's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding779.9 M
Cash And Short Term Investments259.6 B

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.