Sumitomo Correlations

SSUMF Stock

USD 41.15 2.15 4.97%

The current 90-days correlation between Sumitomo and Marubeni is 0.19 (i.e., Average diversification). The correlation of Sumitomo 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 Correlation With Market

Very poor diversification

The correlation between Sumitomo and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sumitomo and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sumitomo 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 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 - 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 to buy it.

Moving together with Sumitomo Pink Sheet

0.9	HON	Honeywell International	Pair Corr
0.72	MSBHF	Mitsubishi Corp	Pair Corr
0.75	HTHIF	Hitachi Downward Rally	Pair Corr
0.74	HTHIY	Hitachi Ltd ADR	Pair Corr
0.95	MITSY	Mitsui Company	Pair Corr
0.94	MITSF	Mitsui Co	Pair Corr
0.84	ITOCY	Itochu Corp ADR	Pair Corr
0.91	MBFJF	Mitsubishi UFJ Financial Downward Rally	Pair Corr
0.91	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.93	SMFG	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.92	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.75	KB	KB Financial Group	Pair Corr
0.92	MFG	Mizuho Financial	Pair Corr
0.9	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.72	SHG	Shinhan Financial	Pair Corr
0.88	BLAGF	Blue Lagoon Resources	Pair Corr
0.64	MEGI	MainStay CBRE Global Normal Trading	Pair Corr
0.72	TORO	Toro	Pair Corr
0.91	MEEEF	Metal Energy Corp	Pair Corr
0.93	SLSR	Solaris Resources	Pair Corr
0.77	FRFFF	Fairfax Financial	Pair Corr
0.8	BFS	Saul Centers	Pair Corr
0.72	LAND	Gladstone Land	Pair Corr
0.88	JOE	St Joe Company	Pair Corr
0.91	FRSB	First Resource Bank	Pair Corr
0.7	UMAC	Unusual Machines	Pair Corr
0.89	USPH	US Physicalrapy	Pair Corr
0.94	BNEFF	Bonterra Energy Corp	Pair Corr

Moving against Sumitomo Pink Sheet

0.62

AFIIQ

Armstrong Flooring

Pair Corr

Related Correlations Analysis

	MARUF	MARUY	CTPCY	AFLYY	SDVKF	CKHUF	SHLRF	AMKAF	ASAZF	CKHUY
MARUF		0.98	0.43	0.58	0.91	0.81	0.72	0.6	0.92	0.85	MARUF
MARUY	0.98		0.47	0.56	0.93	0.83	0.75	0.63	0.92	0.86	MARUY
CTPCY	0.43	0.47		0.17	0.59	0.51	0.58	0.36	0.45	0.45	CTPCY
AFLYY	0.58	0.56	0.17		0.51	0.38	0.19	0.47	0.63	0.33	AFLYY
SDVKF	0.91	0.93	0.59	0.51		0.86	0.78	0.63	0.86	0.87	SDVKF
CKHUF	0.81	0.83	0.51	0.38	0.86		0.81	0.47	0.75	0.93	CKHUF
SHLRF	0.72	0.75	0.58	0.19	0.78	0.81		0.61	0.69	0.86	SHLRF
AMKAF	0.6	0.63	0.36	0.47	0.63	0.47	0.61		0.6	0.49	AMKAF
ASAZF	0.92	0.92	0.45	0.63	0.86	0.75	0.69	0.6		0.77	ASAZF
CKHUY	0.85	0.86	0.45	0.33	0.87	0.93	0.86	0.49	0.77		CKHUY
	MARUF	MARUY	CTPCY	AFLYY	SDVKF	CKHUF	SHLRF	AMKAF	ASAZF	CKHUY

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Risk-Adjusted Indicators

There is a big difference between Sumitomo Pink Sheet performing well and Sumitomo 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'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
MARUF	2.60	0.69	0.19	2.61	2.64	(2.83)	6.74	(5.93)	17.93
MARUY	1.62	0.60	0.37	0.55	1.22	(1.98)	3.78	(2.58)	7.01
CTPCY	0.83	0.09	0.00	0.21	0.00	0.00	3.09	(1.45)	16.81
AFLYY	2.49	0.37	0.10	0.93	2.64	(3.25)	6.56	(4.48)	15.58
SDVKF	1.29	0.55	0.31	1.64	0.00	(4.09)	4.92	(1.64)	10.43
CKHUF	2.44	0.31	0.05	0.43	3.31	(3.58)	6.25	(6.94)	18.34
SHLRF	0.72	0.10	0.02	0.31	0.88	(4.83)	4.18	(1.44)	12.72
AMKAF	1.61	0.38	0.13	0.59	1.19	(3.53)	4.72	(3.16)	21.30
ASAZF	0.68	0.29	0.00	(4.41)	0.00	0.00	2.37	(0.39)	6.76
CKHUY	1.18	0.24	0.12	0.44	1.35	(1.27)	3.22	(1.99)	8.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sumitomo 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.

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Sumitomo Corporate Management

Tatsuro Tamura	Corp Department	Profile
Reiji Morooka	Executive Officer	Profile
Koji Aso	Assistant Officer	Profile
Yoshinori Takayama	Co Dept	Profile
Yasuhiro Yoshida	Assistant Department	Profile

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