Sumitomo Mitsui (Germany) Probability of Future Stock Price Finishing Over 3.73
| 72S Stock | EUR 2.28 0.04 1.79% |
Sumitomo |
Sumitomo Mitsui Target Price Odds to finish over 3.73
The tendency of Sumitomo Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over € 3.73 or more in 90 days |
| 2.28 | 90 days | 3.73 | close to zero percent |
Based on a normal probability distribution, the odds of Sumitomo Mitsui to move over € 3.73 or more in 90 days from now is close to zero percent (This Sumitomo Mitsui Construction probability density function shows the probability of Sumitomo Stock to fall within a particular range of prices over 90 days) . Probability of Sumitomo Mitsui Cons price to stay between its current price of € 2.28 and € 3.73 at the end of the 90-day period is about 78.01 .
Assuming the 90 days horizon Sumitomo Mitsui Construction has a beta of -0.14. This suggests as returns on the benchmark increase, returns on holding Sumitomo Mitsui are expected to decrease at a much lower rate. During a bear market, however, Sumitomo Mitsui Construction is likely to outperform the market. Additionally Sumitomo Mitsui Construction has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Sumitomo Mitsui Price Density |
| Price |
Predictive Modules for Sumitomo Mitsui
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sumitomo Mitsui Cons. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sumitomo Mitsui Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sumitomo Mitsui is not an exception. The market had few large corrections towards the Sumitomo Mitsui's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Sumitomo Mitsui Construction, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sumitomo Mitsui within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0098 | |
β | Beta against Dow Jones | -0.14 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | -0.1 |
Sumitomo Mitsui Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Sumitomo Mitsui for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sumitomo Mitsui Cons can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sumitomo Mitsui Cons generated a negative expected return over the last 90 days | |
| Sumitomo Mitsui Cons has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 403.27 B. Net Loss for the year was (7.02 B) with profit before overhead, payroll, taxes, and interest of 18.18 B. |
Sumitomo Mitsui Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Sumitomo Stock often depends not only on the future outlook of the current and potential Sumitomo Mitsui's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Sumitomo Mitsui's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 156.3 M |
Sumitomo Mitsui Technical Analysis
Sumitomo Mitsui's future price can be derived by breaking down and analyzing its technical indicators over time. Sumitomo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sumitomo Mitsui Construction. In general, you should focus on analyzing Sumitomo Stock price patterns and their correlations with different microeconomic environments and drivers.
Sumitomo Mitsui Predictive Forecast Models
Sumitomo Mitsui's time-series forecasting models is one of many Sumitomo Mitsui's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Sumitomo Mitsui's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Sumitomo Mitsui Cons
Checking the ongoing alerts about Sumitomo Mitsui for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sumitomo Mitsui Cons help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sumitomo Mitsui Cons generated a negative expected return over the last 90 days | |
| Sumitomo Mitsui Cons has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 403.27 B. Net Loss for the year was (7.02 B) with profit before overhead, payroll, taxes, and interest of 18.18 B. |
Other Information on Investing in Sumitomo Stock
Sumitomo Mitsui financial ratios help investors to determine whether Sumitomo Stock 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 Mitsui security.