Sumitomo Chemical Correlations
| SOMMY Stock | USD 12.02 0.13 1.07% |
The current 90-days correlation between Sumitomo Chemical and Huntsman is 0.14 (i.e., Average diversification). The correlation of Sumitomo Chemical 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Sumitomo Chemical Correlation With Market
Average diversification
The correlation between Sumitomo Chemical Co and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sumitomo Chemical Co and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Sumitomo Chemical 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 Chemical 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 Chemical - 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 Chemical Co to buy it.
Moving together with Sumitomo Pink Sheet
| 0.9 | SHECY | Shin Etsu Chemical | PairCorr |
| 0.77 | SHECF | Shin Etsu Chemical | PairCorr |
| 0.78 | BFFAF | BASF SE NA | PairCorr |
| 0.93 | DOW | Dow Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.86 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.82 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.84 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.65 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Sumitomo Pink Sheet
| 0.68 | FUWAF | Furukawa Electric | PairCorr |
| 0.63 | FMCB | Farmers Merchants Bancorp | PairCorr |
| 0.51 | GNENY | Ganfeng Lithium | PairCorr |
| 0.46 | GNENF | Ganfeng Lithium | PairCorr |
| 0.33 | SLMNP | A Schulman | PairCorr |
| 0.78 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.78 | DIS | Walt Disney | PairCorr |
| 0.68 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.59 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.57 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.45 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
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 Chemical 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 Chemical'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ORGN | 3.35 | (0.50) | 0.00 | (0.11) | 0.00 | 8.70 | 26.74 | |||
| BFFAF | 1.72 | (0.11) | 0.00 | (0.32) | 0.00 | 3.56 | 15.05 | |||
| BAK | 2.01 | (0.35) | 0.00 | 6.70 | 0.00 | 4.45 | 13.72 | |||
| LXU | 2.06 | 0.03 | 0.06 | 0.12 | 2.19 | 4.59 | 18.88 | |||
| DOW | 1.06 | (0.33) | 0.00 | (0.25) | 0.00 | 2.00 | 8.49 | |||
| HUN | 1.33 | (0.17) | 0.00 | (0.11) | 0.00 | 3.18 | 10.23 | |||
| ORGNW | 7.66 | 0.20 | 0.04 | 0.17 | 8.71 | 16.67 | 68.77 | |||
| MEOH | 1.62 | 0.00 | (0.02) | 0.10 | 2.60 | 3.29 | 11.13 | |||
| GPRE | 3.00 | (0.26) | 0.00 | 3.77 | 0.00 | 5.47 | 19.80 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sumitomo Chemical 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 Chemical Corporate Management
| Keiichi Sakata | Executive Officer | Profile | |
| Keiichi Iwata | Managing Executive Officer | Profile | |
| Marc Vermeire | Executive Officer | Profile | |
| Hiroshi Niinuma | Managing Executive Officer | Profile | |
| Hiroshi Ueda | Managing Executive Officer | Profile | |
| Takashi Shigemori | Executive Officer | Profile |