Sumitomo (Germany) Market Value
| SUMA Stock | EUR 20.68 0.51 2.53% |
| Symbol | Sumitomo |
Sumitomo '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's stock 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.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Sumitomo on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Sumitomo or generate 0.0% return on investment in Sumitomo over 90 days. Sumitomo is related to or competes with SCANSOURCE, United Breweries, ATRYS HEALTH, ScanSource, Fevertree Drinks, and Tsingtao Brewery. Sumitomo Corporation, together with its subsidiaries, imports, exports, and trades in various goods and commodities worl... More
Sumitomo 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's stock 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.51 | |||
| Value At Risk | (4.22) | |||
| Potential Upside | 3.11 |
Sumitomo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sumitomo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sumitomo's standard deviation. In reality, there are many statistical measures that can use Sumitomo historical prices to predict the future Sumitomo's volatility.| Risk Adjusted Performance | 0.0205 | |||
| Jensen Alpha | 0.0223 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.3733 |
Sumitomo Backtested Returns
At this point, Sumitomo is not too volatile. Sumitomo owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0191, which indicates the firm had a 0.0191% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sumitomo, which you can use to evaluate the volatility of the company. Please validate Sumitomo's Risk Adjusted Performance of 0.0205, semi deviation of 2.16, and Coefficient Of Variation of 5256.32 to confirm if the risk estimate we provide is consistent with the expected return of 0.0424%. Sumitomo has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.086, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sumitomo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sumitomo is expected to be smaller as well. Sumitomo right now has a risk of 2.22%. Please validate Sumitomo jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Sumitomo will be following its existing price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Sumitomo has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sumitomo time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Sumitomo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Sumitomo lagged returns against current returns
Autocorrelation, which is Sumitomo stock'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's stock expected returns. We can calculate the autocorrelation of Sumitomo returns to help us make a trade decision. For example, suppose you find that Sumitomo has exhibited high autocorrelation historically, and you observe that the stock 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 |
| Timeline |
Sumitomo 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumitomo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sumitomo stock over time.
Current vs Lagged Prices |
| Timeline |
Sumitomo Lagged Returns
When evaluating Sumitomo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sumitomo stock have on its future price. Sumitomo 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 autocorrelation shows the relationship between Sumitomo stock current value and its past values and can show if there is a momentum factor associated with investing in Sumitomo.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sumitomo Stock
Sumitomo financial ratios help investors to determine whether Sumitomo Stock 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.