SUMITOMO MITSUI FINANCIAL Market Value
| 86562MBZ2 | 79.43 6.44 7.50% |
| 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 bond 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.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in SUMITOMO on December 9, 2023 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 over 360 days. SUMITOMO is related to or competes with WT Offshore, Stepstone, NETGEAR, Bel Fuse, Summit Hotel, Freedom Holding, and Morgan Stanley. 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 bond 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.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 9.04 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 0.7054 |
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 | (0.08) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (3.68) |
SUMITOMO MITSUI FINANCIAL Backtested Returns
SUMITOMO MITSUI FINANCIAL owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the bond had a -0.15% return per unit of standard deviation over the last 3 months. SUMITOMO MITSUI FINANCIAL exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SUMITOMO's variance of 1.19, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of 0.0366, 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.
Auto-correlation | -0.12 |
Insignificant reverse predictability
SUMITOMO MITSUI FINANCIAL has insignificant reverse predictability. Overlapping area represents the amount of predictability between SUMITOMO time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 -0.12 indicates that less than 12.0% of current SUMITOMO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 2.02 |
SUMITOMO MITSUI FINANCIAL lagged returns against current returns
Autocorrelation, which is SUMITOMO bond'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 bond 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 bond 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SUMITOMO bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SUMITOMO bond 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 bond 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 bond 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 |
Also Currently Popular
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.Other Information on Investing in SUMITOMO Bond
SUMITOMO financial ratios help investors to determine whether SUMITOMO Bond 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.