SUMITOMO CORP (Germany) Market Value
| SUMB Stock | EUR 20.80 0.20 0.95% |
| Symbol | SUMITOMO |
SUMITOMO CORP '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 CORP'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 CORP.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in SUMITOMO CORP on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding SUMITOMO P SP or generate 0.0% return on investment in SUMITOMO CORP over 90 days. SUMITOMO CORP is related to or competes with ASURE SOFTWARE, FORMPIPE SOFTWARE, Calibre Mining, OPERA SOFTWARE, Take-Two Interactive, and DISTRICT METALS. Sumitomo Corporation imports, exports, and sells various goods and commodities worldwide More
SUMITOMO CORP 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 CORP'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 P SP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.0817 | |||
| Maximum Drawdown | 9.62 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 2.54 |
SUMITOMO CORP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SUMITOMO CORP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SUMITOMO CORP's standard deviation. In reality, there are many statistical measures that can use SUMITOMO CORP historical prices to predict the future SUMITOMO CORP's volatility.| Risk Adjusted Performance | 0.0271 | |||
| Jensen Alpha | 0.0756 | |||
| Total Risk Alpha | 0.255 | |||
| Sortino Ratio | 0.0758 | |||
| Treynor Ratio | 0.0923 |
SUMITOMO P SP Backtested Returns
At this point, SUMITOMO CORP is very steady. SUMITOMO P SP owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0501, which indicates the firm had a 0.0501 % return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for SUMITOMO P SP, which you can use to evaluate the volatility of the company. Please validate SUMITOMO CORP's risk adjusted performance of 0.0271, and Coefficient Of Variation of 3941.05 to confirm if the risk estimate we provide is consistent with the expected return of 0.0875%. SUMITOMO CORP has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SUMITOMO CORP's returns are expected to increase less than the market. However, during the bear market, the loss of holding SUMITOMO CORP is expected to be smaller as well. SUMITOMO P SP presently has a risk of 1.74%. Please validate SUMITOMO CORP sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if SUMITOMO CORP will be following its existing price patterns.
Auto-correlation | -0.23 |
Weak reverse predictability
SUMITOMO P SP has weak reverse predictability. Overlapping area represents the amount of predictability between SUMITOMO CORP time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 P SP price movement. The serial correlation of -0.23 indicates that over 23.0% of current SUMITOMO CORP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
SUMITOMO P SP lagged returns against current returns
Autocorrelation, which is SUMITOMO CORP 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 CORP's stock expected returns. We can calculate the autocorrelation of SUMITOMO CORP returns to help us make a trade decision. For example, suppose you find that SUMITOMO CORP 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 CORP 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 CORP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SUMITOMO CORP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SUMITOMO CORP stock over time.
Current vs Lagged Prices |
| Timeline |
SUMITOMO CORP Lagged Returns
When evaluating SUMITOMO CORP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SUMITOMO CORP stock have on its future price. SUMITOMO CORP 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 CORP autocorrelation shows the relationship between SUMITOMO CORP stock current value and its past values and can show if there is a momentum factor associated with investing in SUMITOMO P SP.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SUMITOMO Stock
SUMITOMO CORP 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 CORP security.