Sumitomo Rubber (Germany) Price on May 30, 2024
| 108 Stock | EUR 10.40 0.20 1.89% |
If you're considering investing in Sumitomo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Sumitomo Rubber stands at 10.40, as last reported on the 27th of November, with the highest price reaching 10.40 and the lowest price hitting 10.40 during the day. Sumitomo Rubber appears to be somewhat reliable, given 3 months investment horizon. Sumitomo Rubber Indu owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sumitomo Rubber Industries, which you can use to evaluate the volatility of the company. Please review Sumitomo Rubber's Semi Deviation of 2.08, coefficient of variation of 745.56, and Risk Adjusted Performance of 0.1091 to confirm if our risk estimates are consistent with your expectations.
Sumitomo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Sumitomo |
Sharpe Ratio = 0.1246
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 108 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.31 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Sumitomo Rubber is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sumitomo Rubber by adding it to a well-diversified portfolio.
Sumitomo Rubber Valuation on May 30, 2024
It is possible to determine the worth of Sumitomo Rubber on a given historical date. On May 30, 2024 Sumitomo was worth 9.7 at the beginning of the trading date compared to the closed value of 9.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sumitomo Rubber stock. Still, in general, we apply an absolute valuation method to find Sumitomo Rubber's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Sumitomo Rubber where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sumitomo Rubber's related companies.
| Open | High | Low | Close | Volume | |
| 9.70 | 9.70 | 9.70 | 9.70 | 190.00 | |
05/30/2024 | 9.70 | 9.75 | 9.70 | 9.75 | 190.00 |
| 9.95 | 9.95 | 9.95 | 9.95 | 190.00 |
| Backtest Sumitomo Rubber | | | Sumitomo Rubber History | | | Sumitomo Rubber Valuation | Previous | Next |
Sumitomo Rubber Trading Date Momentum on May 30, 2024
| On May 31 2024 Sumitomo Rubber Industries was traded for 9.95 at the closing time. The highest daily price throughout the period was 9.95 and the lowest price was 9.95 . The daily volume was 190. The net trading volume on 05/31/2024 added to the next day price rise. The daily price change to closing price of the next trading day was 2.05% . The trading price change to current closing price is 0.51% . |
Sumitomo Rubber Indu Fundamentals Correlations and Trends
By evaluating Sumitomo Rubber's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sumitomo Rubber's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sumitomo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sumitomo Rubber Stock history
Sumitomo Rubber investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Sumitomo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sumitomo Rubber Indu will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Sumitomo Rubber stock prices may prove useful in developing a viable investing in Sumitomo Rubber
Sumitomo Rubber Industries, Ltd., together with its subsidiaries, produces and sells rubber materials and industrial rubber products in Japan, Asia, Europe, North America, and internationally. Sumitomo Rubber Industries, Ltd. was founded in 1909 and is headquartered in Kobe, Japan. SUMITOMO RUBBER operates under Rubber Plastics classification in Germany and is traded on Frankfurt Stock Exchange. It employs 37852 people.
Sumitomo Rubber Stock Technical Analysis
Sumitomo Rubber technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Sumitomo Rubber Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Sumitomo Rubber Industries cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Sumitomo Rubber November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Sumitomo Rubber stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sumitomo Rubber shares will generate the highest return on investment. By undertsting and applying Sumitomo Rubber stock market strength indicators, traders can identify Sumitomo Rubber Industries entry and exit signals to maximize returns
Sumitomo Rubber Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sumitomo Rubber's price direction in advance. Along with the technical and fundamental analysis of Sumitomo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sumitomo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1091 | |||
| Jensen Alpha | 0.3341 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0664 | |||
| Treynor Ratio | (0.90) |
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Sumitomo Stock analysis
When running Sumitomo Rubber's price analysis, check to measure Sumitomo Rubber's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sumitomo Rubber is operating at the current time. Most of Sumitomo Rubber's value examination focuses on studying past and present price action to predict the probability of Sumitomo Rubber's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sumitomo Rubber's price. Additionally, you may evaluate how the addition of Sumitomo Rubber to your portfolios can decrease your overall portfolio volatility.
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