Sumitomo Chemical Co Stock Market Value
| SOMMY Stock | USD 12.32 0.26 2.16% |
| Symbol | Sumitomo |
Sumitomo Chemical '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 Chemical'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 Chemical.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Sumitomo Chemical on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Sumitomo Chemical Co or generate 0.0% return on investment in Sumitomo Chemical over 90 days. Sumitomo Chemical is related to or competes with Solvay SA, Orbia Advance, Braskem SA, Dow, Shin-Etsu Chemical, Kuraray, and Mitsubishi Chemical. Sumitomo Chemical Company, Limited engages in Chemicals Plastics, energy and functional materials, IT-related chemicals,... More
Sumitomo Chemical 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 Chemical'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 Chemical Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.0855 | |||
| Maximum Drawdown | 7.1 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 3.65 |
Sumitomo Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sumitomo Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sumitomo Chemical's standard deviation. In reality, there are many statistical measures that can use Sumitomo Chemical historical prices to predict the future Sumitomo Chemical's volatility.| Risk Adjusted Performance | 0.0321 | |||
| Jensen Alpha | 0.0853 | |||
| Total Risk Alpha | 0.2729 | |||
| Sortino Ratio | 0.0925 | |||
| Treynor Ratio | 0.1276 |
Sumitomo Chemical Backtested Returns
At this stage we consider Sumitomo Pink Sheet to be not too volatile. Sumitomo Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0977, which indicates the firm had a 0.0977 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sumitomo Chemical Co, which you can use to evaluate the volatility of the company. Please validate Sumitomo Chemical's Risk Adjusted Performance of 0.0321, semi deviation of 1.61, and Coefficient Of Variation of 3236.98 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Sumitomo Chemical has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sumitomo Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sumitomo Chemical is expected to be smaller as well. Sumitomo Chemical right now has a risk of 1.83%. Please validate Sumitomo Chemical value at risk, as well as the relationship between the kurtosis and market facilitation index , to decide if Sumitomo Chemical will be following its existing price patterns.
Auto-correlation | -0.5 |
Modest reverse predictability
Sumitomo Chemical Co has modest reverse predictability. Overlapping area represents the amount of predictability between Sumitomo Chemical time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. 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 Chemical price movement. The serial correlation of -0.5 indicates that about 50.0% of current Sumitomo Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Sumitomo Chemical lagged returns against current returns
Autocorrelation, which is Sumitomo Chemical 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 Chemical's pink sheet expected returns. We can calculate the autocorrelation of Sumitomo Chemical returns to help us make a trade decision. For example, suppose you find that Sumitomo Chemical 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 Chemical 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 Chemical pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumitomo Chemical 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 Chemical pink sheet over time.
Current vs Lagged Prices |
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Sumitomo Chemical Lagged Returns
When evaluating Sumitomo Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sumitomo Chemical pink sheet have on its future price. Sumitomo Chemical 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 Chemical autocorrelation shows the relationship between Sumitomo Chemical pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sumitomo Chemical Co.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Sumitomo Pink Sheet Analysis
When running Sumitomo Chemical's price analysis, check to measure Sumitomo Chemical'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 Chemical is operating at the current time. Most of Sumitomo Chemical's value examination focuses on studying past and present price action to predict the probability of Sumitomo Chemical'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 Chemical's price. Additionally, you may evaluate how the addition of Sumitomo Chemical to your portfolios can decrease your overall portfolio volatility.