SUMITOMO P (Germany) Price on October 4, 2024

SUMB Stock  EUR 19.50  0.40  2.01%   
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 P stands at 19.50, as last reported on the 26th of November, with the highest price reaching 19.50 and the lowest price hitting 19.50 during the day. SUMITOMO P SP owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0289, which indicates the firm had a -0.0289% return per unit of standard deviation over the last 3 months. SUMITOMO P SP exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SUMITOMO P's risk adjusted performance of (0.01), and Variance of 2.17 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 = -0.0289

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Estimated Market Risk

 1.49
  actual daily
13
87% of assets are more volatile

Expected Return

 -0.04
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average SUMITOMO P 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 P by adding SUMITOMO P to a well-diversified portfolio.

SUMITOMO P Valuation on October 4, 2024

It is possible to determine the worth of SUMITOMO P on a given historical date. On October 4, 2024 SUMITOMO was worth 20.6 at the beginning of the trading date compared to the closed value of 20.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SUMITOMO P stock. Still, in general, we apply an absolute valuation method to find SUMITOMO P'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 P where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SUMITOMO P's related companies.
 Open High Low Close Volume
  20.20    20.20    20.20    20.20    23.00  
10/04/2024
  20.60    20.60    20.60    20.60    23.00  
  20.60    20.60    20.60    20.60    23.00  
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Open Value
20.6
20.6
Closing Value
25.07
Upside

SUMITOMO P Trading Date Momentum on October 4, 2024

On October 07 2024 SUMITOMO P SP was traded for  20.60  at the closing time. The maximum traded price for the trading interval was 20.60  and the lowest daily price was  20.60 . The daily volume was recorded at 23.0. The volume of trading on 7th of October 2024 did not result in any price rise and fall. The trading price change to the closing price today is 2.91% .

SUMITOMO P SP Fundamentals Correlations and Trends

By evaluating SUMITOMO P'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 P'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 P Stock history

SUMITOMO P 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 P SP 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 P stock prices may prove useful in developing a viable investing in SUMITOMO P
Sumitomo Corporation imports, exports, and sells various goods and commodities worldwide. Sumitomo Corporation was incorporated in 1919 and is headquartered in Tokyo, Japan. SUMITOMO CORP operates under Conglomerates classification in Germany and is traded on Frankfurt Stock Exchange. It employs 74920 people.

SUMITOMO P Stock Technical Analysis

SUMITOMO P 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 P technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SUMITOMO P 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 P Period Price Range

Low
November 26, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

SUMITOMO P SP 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 P November 26, 2024 Market Strength

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

SUMITOMO P Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for SUMITOMO P'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 P's price analysis, check to measure SUMITOMO P'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 P is operating at the current time. Most of SUMITOMO P's value examination focuses on studying past and present price action to predict the probability of SUMITOMO P'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 P's price. Additionally, you may evaluate how the addition of SUMITOMO P to your portfolios can decrease your overall portfolio volatility.
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