SUMIBK 5766 13 JAN 33 Market Value
| 86562MCS7 | 103.62 0.03 0.03% |
| Symbol | SUMIBK |
Please note, there is a significant difference between SUMIBK's value and its price as these two are different measures arrived at by different means. Investors typically determine if SUMIBK is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SUMIBK'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.
SUMIBK '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 SUMIBK'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 SUMIBK.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in SUMIBK on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding SUMIBK 5766 13 JAN 33 or generate 0.0% return on investment in SUMIBK over 90 days. SUMIBK is related to or competes with Aris Water, Western Midstream, Kenon Holdings, Playtech Plc, Integrated Media, and Middlesex Water. More
SUMIBK 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 SUMIBK'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 SUMIBK 5766 13 JAN 33 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1449 | |||
| Maximum Drawdown | 3.79 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.6557 |
SUMIBK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SUMIBK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SUMIBK's standard deviation. In reality, there are many statistical measures that can use SUMIBK historical prices to predict the future SUMIBK's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | 0.0019 | |||
| Total Risk Alpha | 0.0585 | |||
| Treynor Ratio | (0.1) |
SUMIBK 5766 13 Backtested Returns
SUMIBK 5766 13 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0378, which indicates the bond had a -0.0378 % return per unit of standard deviation over the last 3 months. SUMIBK 5766 13 JAN 33 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SUMIBK's risk adjusted performance of (0.02), and Variance of 0.3848 to confirm the risk estimate we provide. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SUMIBK's returns are expected to increase less than the market. However, during the bear market, the loss of holding SUMIBK is expected to be smaller as well.
Auto-correlation | -0.1 |
Very weak reverse predictability
SUMIBK 5766 13 JAN 33 has very weak reverse predictability. Overlapping area represents the amount of predictability between SUMIBK time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 SUMIBK 5766 13 price movement. The serial correlation of -0.1 indicates that less than 10.0% of current SUMIBK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
SUMIBK 5766 13 lagged returns against current returns
Autocorrelation, which is SUMIBK 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 SUMIBK's bond expected returns. We can calculate the autocorrelation of SUMIBK returns to help us make a trade decision. For example, suppose you find that SUMIBK 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 |
SUMIBK 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 SUMIBK bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SUMIBK bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SUMIBK bond over time.
Current vs Lagged Prices |
| Timeline |
SUMIBK Lagged Returns
When evaluating SUMIBK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SUMIBK bond have on its future price. SUMIBK 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, SUMIBK autocorrelation shows the relationship between SUMIBK bond current value and its past values and can show if there is a momentum factor associated with investing in SUMIBK 5766 13 JAN 33.
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.Other Information on Investing in SUMIBK Bond
SUMIBK financial ratios help investors to determine whether SUMIBK 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 SUMIBK with respect to the benefits of owning SUMIBK security.