SUMITOMO MITSUI FINL Price on March 28, 2024
| 86562MAK6 | 94.88 1.86 1.92% |
If you're considering investing in SUMITOMO Bond, it is important to understand the factors that can impact its price. As of today, the current price of SUMITOMO stands at 94.88, as last reported on the 25th of November, with the highest price reaching 94.88 and the lowest price hitting 94.88 during the day. SUMITOMO MITSUI FINL owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the bond had a -0.12% return per unit of standard deviation over the last 3 months. SUMITOMO MITSUI FINL exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SUMITOMO's variance of 0.3375, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide.
SUMITOMO Bond price history is provided at the adjusted basis, taking into account all of the recent filings.
SUMITOMO |
Sharpe Ratio = -0.1166
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| Negative Returns | 86562MAK6 |
Estimated Market Risk
| 0.3 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SUMITOMO 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 by adding SUMITOMO to a well-diversified portfolio.
SUMITOMO Valuation on March 28, 2024
It is possible to determine the worth of SUMITOMO on a given historical date. On March 28, 2024 SUMITOMO was worth 94.95 at the beginning of the trading date compared to the closed value of 94.95. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SUMITOMO bond. Still, in general, we apply an absolute valuation method to find SUMITOMO'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 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SUMITOMO's related companies.
| Open | High | Low | Close | Volume | |
| 95.09 | 95.09 | 95.09 | 95.09 | 1.00 | |
03/28/2024 | 94.95 | 94.95 | 94.95 | 94.95 | 1.00 |
| 94.92 | 94.92 | 94.92 | 94.92 | 1.00 |
| Backtest SUMITOMO | | | SUMITOMO History | | | SUMITOMO Valuation | Previous | Next |
SUMITOMO Trading Date Momentum on March 28, 2024
| On April 01 2024 SUMITOMO MITSUI FINL was traded for 94.92 at the closing time. The highest price during the trading period was 94.92 and the lowest recorded bid was listed for 94.92 . There was no trading activity during the period 1.0. Lack of trading volume on April 1, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.03% . The trading price change to the current price is 0.21% . |
About SUMITOMO Bond history
SUMITOMO 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 MITSUI FINL 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 stock prices may prove useful in developing a viable investing in SUMITOMO
SUMITOMO Bond Technical Analysis
SUMITOMO technical bond 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, bond market cycles, or different charting patterns.
Price Boundaries
SUMITOMO Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
SUMITOMO MITSUI FINL cannot be verified against its exchange. Please verify the symbol is currently traded on Bond 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 November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how SUMITOMO bond reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SUMITOMO shares will generate the highest return on investment. By undertsting and applying SUMITOMO bond market strength indicators, traders can identify SUMITOMO MITSUI FINL entry and exit signals to maximize returns
SUMITOMO Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SUMITOMO's price direction in advance. Along with the technical and fundamental analysis of SUMITOMO Bond 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 | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (1.19) |
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Other Information on Investing in SUMITOMO Bond
SUMITOMO financial ratios help investors to determine whether SUMITOMO Bond 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 security.