Sumitomo Chemical (Germany) Price on December 11, 2023

SMM Stock  EUR 2.16  0.04  1.82%   
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 Chemical stands at 2.16, as last reported on the 30th of November, with the highest price reaching 2.16 and the lowest price hitting 2.14 during the day. Sumitomo Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0611, which indicates the firm had a -0.0611% return per unit of risk over the last 3 months. Sumitomo Chemical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sumitomo Chemical's Risk Adjusted Performance of (0.06), coefficient of variation of (1,062), and Variance of 7.39 to confirm the risk estimate we provide.
  
Sumitomo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0611

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Estimated Market Risk

 2.69
  actual daily
23
77% of assets are more volatile

Expected Return

 -0.16
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average Sumitomo Chemical is not performing at its full potential. However, 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 Chemical by adding Sumitomo Chemical to a well-diversified portfolio.

Sumitomo Chemical Valuation on December 11, 2023

It is possible to determine the worth of Sumitomo Chemical on a given historical date. On December 11, 2023 Sumitomo was worth 2.3 at the beginning of the trading date compared to the closed value of 2.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sumitomo Chemical stock. Still, in general, we apply an absolute valuation method to find Sumitomo Chemical'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 Chemical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sumitomo Chemical's related companies.
 Open High Low Close Volume
  2.30    2.30    2.30    2.30    1.00  
12/11/2023
  2.30    2.30    2.30    2.30    1.00  
  2.26    2.26    2.16    2.24    21,000  
Backtest Sumitomo Chemical  |  Sumitomo Chemical History  |  Sumitomo Chemical Valuation   PreviousNext  
Open Value
2.3
2.3
Closing Value
10.37
Upside

Sumitomo Chemical Trading Date Momentum on December 11, 2023

On December 12 2023 Sumitomo Chemical was traded for  2.24  at the closing time. The highest daily price throughout the period was 2.26  and the lowest price was  2.16 . The daily volume was 21 K. The net trading volume on 12/12/2023 added to the next day price reduction. The trading price change to closing price of the next trading day was 2.61% . The trading price change to current closing price is 10.43% .

Sumitomo Chemical Fundamentals Correlations and Trends

By evaluating Sumitomo Chemical'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 Chemical'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 Chemical Stock history

Sumitomo Chemical 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 Chemical 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 Chemical stock prices may prove useful in developing a viable investing in Sumitomo Chemical
Sumitomo Chemical Company, Limited engages in petrochemicals and plastics, energy and functional materials, IT-related, chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Sumitomo Chemical Company, Limited was founded in 1913 and is headquartered in Tokyo, Japan. Sumitomo Chemical operates under Chemicals classification in Germany and is traded on Frankfurt Stock Exchange. It employs 32542 people.

Sumitomo Chemical Stock Technical Analysis

Sumitomo Chemical 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.
A focus of Sumitomo Chemical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sumitomo Chemical trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Sumitomo Chemical Period Price Range

Low
November 30, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Sumitomo Chemical 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 Chemical November 30, 2024 Market Strength

Market strength indicators help investors to evaluate how Sumitomo Chemical 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 Chemical shares will generate the highest return on investment. By undertsting and applying Sumitomo Chemical stock market strength indicators, traders can identify Sumitomo Chemical entry and exit signals to maximize returns

Sumitomo Chemical Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Sumitomo Chemical'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.

Complementary Tools for Sumitomo Stock analysis

When running Sumitomo Chemical's price analysis, check to measure Sumitomo Chemical'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 Chemical is operating at the current time. Most of Sumitomo Chemical's value examination focuses on studying past and present price action to predict the probability of Sumitomo Chemical'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 Chemical's price. Additionally, you may evaluate how the addition of Sumitomo Chemical to your portfolios can decrease your overall portfolio volatility.
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