Sumitomo Mitsui Financial Stock Market Value

SMFNF Stock  USD 24.50  1.00  4.26%   
Sumitomo Mitsui's market value is the price at which a share of Sumitomo Mitsui trades on a public exchange. It measures the collective expectations of Sumitomo Mitsui Financial investors about its performance. Sumitomo Mitsui is trading at 24.50 as of the 25th of December 2024. This is a 4.26 percent up since the beginning of the trading day. The stock's lowest day price was 22.93.
With this module, you can estimate the performance of a buy and hold strategy of Sumitomo Mitsui Financial and determine expected loss or profit from investing in Sumitomo Mitsui over a given investment horizon. Check out Sumitomo Mitsui Correlation, Sumitomo Mitsui Volatility and Sumitomo Mitsui Alpha and Beta module to complement your research on Sumitomo Mitsui.
Symbol

Please note, there is a significant difference between Sumitomo Mitsui's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sumitomo Mitsui is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sumitomo Mitsui's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Sumitomo Mitsui 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sumitomo Mitsui's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sumitomo Mitsui.
0.00
11/25/2024
No Change 0.00  0.0 
In 31 days
12/25/2024
0.00
If you would invest  0.00  in Sumitomo Mitsui on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Sumitomo Mitsui Financial or generate 0.0% return on investment in Sumitomo Mitsui over 30 days. Sumitomo Mitsui is related to or competes with Barclays PLC, HSBC Holdings, ING Group, and Citigroup. Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides commercial banking, leasing, securities,... More

Sumitomo Mitsui Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sumitomo Mitsui's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sumitomo Mitsui Financial upside and downside potential and time the market with a certain degree of confidence.

Sumitomo Mitsui Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sumitomo Mitsui's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sumitomo Mitsui's standard deviation. In reality, there are many statistical measures that can use Sumitomo Mitsui historical prices to predict the future Sumitomo Mitsui's volatility.
Hype
Prediction
LowEstimatedHigh
19.1524.5029.85
Details
Intrinsic
Valuation
LowRealHigh
14.4319.7825.13
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Sumitomo Mitsui Financial Backtested Returns

Sumitomo Mitsui appears to be somewhat reliable, given 3 months investment horizon. Sumitomo Mitsui Financial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0927, which indicates the firm had a 0.0927% return per unit of risk over the last 3 months. By inspecting Sumitomo Mitsui's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please review Sumitomo Mitsui's Risk Adjusted Performance of 0.086, coefficient of variation of 1030.95, and Semi Deviation of 4.54 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sumitomo Mitsui holds a performance score of 7. The entity has a beta of 0.0222, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sumitomo Mitsui's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sumitomo Mitsui is expected to be smaller as well. Please check Sumitomo Mitsui's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Sumitomo Mitsui's existing price patterns will revert.

Auto-correlation

    
  -0.09  

Very weak reverse predictability

Sumitomo Mitsui Financial has very weak reverse predictability. Overlapping area represents the amount of predictability between Sumitomo Mitsui time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sumitomo Mitsui Financial price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Sumitomo Mitsui price fluctuation can be explain by its past prices.
Correlation Coefficient-0.09
Spearman Rank Test-0.1
Residual Average0.0
Price Variance0.92

Sumitomo Mitsui Financial lagged returns against current returns

Autocorrelation, which is Sumitomo Mitsui pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sumitomo Mitsui's pink sheet expected returns. We can calculate the autocorrelation of Sumitomo Mitsui returns to help us make a trade decision. For example, suppose you find that Sumitomo Mitsui has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
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Sumitomo Mitsui regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sumitomo Mitsui pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumitomo Mitsui pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sumitomo Mitsui pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Sumitomo Mitsui Lagged Returns

When evaluating Sumitomo Mitsui's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sumitomo Mitsui pink sheet have on its future price. Sumitomo Mitsui autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sumitomo Mitsui autocorrelation shows the relationship between Sumitomo Mitsui pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sumitomo Mitsui Financial.
   Regressed Prices   
       Timeline  

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Additional Information and Resources on Investing in Sumitomo Pink Sheet

When determining whether Sumitomo Mitsui Financial is a strong investment it is important to analyze Sumitomo Mitsui's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sumitomo Mitsui's future performance. For an informed investment choice regarding Sumitomo Pink Sheet, refer to the following important reports:
Check out Sumitomo Mitsui Correlation, Sumitomo Mitsui Volatility and Sumitomo Mitsui Alpha and Beta module to complement your research on Sumitomo Mitsui.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Sumitomo Mitsui 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.
A focus of Sumitomo Mitsui technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sumitomo Mitsui trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...