Sumitomo Mitsui Correlations
| SMFNF Stock | USD 23.53 0.54 2.24% |
The current 90-days correlation between Sumitomo Mitsui Financial and ANZ Group Holdings is -0.13 (i.e., Good diversification). The correlation of Sumitomo Mitsui is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Sumitomo Mitsui Correlation With Market
Good diversification
The correlation between Sumitomo Mitsui Financial and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sumitomo Mitsui Financial and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Sumitomo Mitsui could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sumitomo Mitsui when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sumitomo Mitsui - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sumitomo Mitsui Financial to buy it.
Moving together with Sumitomo Pink Sheet
| 0.75 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.76 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.79 | WFC | Wells Fargo Aggressive Push | PairCorr |
| 0.76 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.62 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.63 | SSNLF | Samsung Electronics | PairCorr |
| 0.63 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.75 | MFG | Mizuho Financial | PairCorr |
| 0.7 | JPHLF | Japan Post Holdings | PairCorr |
| 0.62 | PYPL | PayPal Holdings | PairCorr |
| 0.77 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.71 | CCL | Carnival Aggressive Push | PairCorr |
| 0.78 | CLS | Celestica Tech Boost | PairCorr |
| 0.71 | PTON | Peloton Interactive Buyout Trend | PairCorr |
| 0.75 | NVDA | NVIDIA | PairCorr |
| 0.68 | AAL | American Airlines Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.68 | CHH | Choice Hotels Intern | PairCorr |
| 0.63 | BMO | Bank of Montreal Fiscal Year End 6th of December 2024 | PairCorr |
| 0.65 | UEC | Uranium Energy Corp | PairCorr |
| 0.68 | S | SentinelOne | PairCorr |
| 0.74 | MSTR | MicroStrategy Incorporated Aggressive Push | PairCorr |
| 0.74 | CLSK | CleanSpark Earnings Call This Week | PairCorr |
Moving against Sumitomo Pink Sheet
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sumitomo Pink Sheet performing well and Sumitomo Mitsui Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sumitomo Mitsui's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SVNLY | 0.99 | 0.02 | (0.06) | 0.00 | 1.26 | 1.56 | 10.17 | |||
| ANZGY | 0.83 | 0.11 | 0.02 | (1.02) | 0.76 | 1.79 | 5.68 | |||
| WEBNF | 2.37 | 0.26 | 0.04 | (0.99) | 2.98 | 6.13 | 13.54 | |||
| NAUBF | 1.31 | 0.10 | 0.00 | (1.67) | 2.60 | 3.33 | 24.71 | |||
| ACGBF | 1.11 | 0.19 | 0.00 | 1.60 | 0.00 | 2.22 | 24.29 | |||
| BML-PG | 0.41 | 0.05 | (0.07) | (0.20) | 0.51 | 0.97 | 2.56 | |||
| BML-PJ | 0.38 | 0.06 | (0.05) | (7.46) | 0.35 | 0.85 | 2.24 | |||
| WFC-PY | 0.31 | 0.04 | (0.10) | 16.70 | 0.25 | 0.71 | 1.97 | |||
| BML-PL | 0.44 | 0.11 | 0.05 | 19.19 | 0.32 | 0.90 | 2.91 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sumitomo Mitsui without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Sumitomo Mitsui Corporate Management
| Jun Okahashi | Gen Department | Profile | |
| Takeshi Mikami | Sr CAE | Profile | |
| Jun Uchikawa | Group Officer | Profile | |
| Masahiko Oshima | Representative Pres | Profile | |
| Yoshihiro Hyakutome | Sr Officer | Profile | |
| Kohei Ohashi | SVP | Profile | |
| Katsunori Tanizaki | Senior Managing Executive Officer | Profile |