Sumitomo Corp Adr Stock Price on November 29, 2024

SSUMY Stock  USD 22.22  0.17  0.77%   
If you're considering investing in Sumitomo Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Sumitomo Corp stands at 22.22, as last reported on the 13th of December 2024, with the highest price reaching 22.25 and the lowest price hitting 22.10 during the day. Sumitomo Corp ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0067, which indicates the firm had a -0.0067% return per unit of risk over the last 3 months. Sumitomo Corp ADR exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sumitomo Corp's Risk Adjusted Performance of 0.005, semi deviation of 1.41, and Coefficient Of Variation of 496731.98 to confirm the risk estimate we provide.
  
Sumitomo Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0067

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Estimated Market Risk

 1.44
  actual daily
12
88% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Sumitomo Corp 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 Corp by adding Sumitomo Corp to a well-diversified portfolio.

Sumitomo Corp Valuation on November 29, 2024

It is possible to determine the worth of Sumitomo Corp on a given historical date. On November 29, 2024 Sumitomo was worth 20.57 at the beginning of the trading date compared to the closed value of 21.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sumitomo Corp pink sheet. Still, in general, we apply an absolute valuation method to find Sumitomo Corp'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 Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sumitomo Corp's related companies.
 Open High Low Close Volume
  20.98    21.00    20.81    20.82    41,500  
11/29/2024
  20.57    21.46    20.57    21.46    24,400  
  20.88    21.82    20.88    21.74    72,300  
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Open Value
20.57
21.46
Closing Value
24.89
Upside

Sumitomo Corp Trading Date Momentum on November 29, 2024

On December 02 2024 Sumitomo Corp ADR was traded for  21.74  at the closing time. The highest daily price throughout the period was 21.82  and the lowest price was  20.88 . The daily volume was 72.3 K. The net trading volume on 12/02/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 1.30% . The trading price change to current closing price is 0.75% .

Sumitomo Corp ADR Fundamentals Correlations and Trends

By evaluating Sumitomo Corp'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 Corp'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 Corp Pink Sheet history

Sumitomo Corp 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 Corp ADR 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 Corp stock prices may prove useful in developing a viable investing in Sumitomo Corp
Sumitomo Corporation engages in general trading business worldwide. The company was incorporated in 1919 and is headquartered in Tokyo, Japan. Sumitomo Corp is traded on OTC Exchange in the United States.

Sumitomo Corp Pink Sheet Technical Analysis

Sumitomo Corp technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Sumitomo Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sumitomo Corp 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 Corp Period Price Range

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Sumitomo Corp December 13, 2024 Market Strength

Market strength indicators help investors to evaluate how Sumitomo Corp pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sumitomo Corp shares will generate the highest return on investment. By undertsting and applying Sumitomo Corp pink sheet market strength indicators, traders can identify Sumitomo Corp ADR entry and exit signals to maximize returns

Sumitomo Corp Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Sumitomo Corp's price direction in advance. Along with the technical and fundamental analysis of Sumitomo Pink Sheet 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.

Additional Tools for Sumitomo Pink Sheet Analysis

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