Sumitomo Rubber (Germany) Market Value
| 108 Stock | EUR 10.40 0.20 1.89% |
| Symbol | Sumitomo |
Sumitomo Rubber 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sumitomo Rubber's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sumitomo Rubber.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sumitomo Rubber on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sumitomo Rubber Industries or generate 0.0% return on investment in Sumitomo Rubber over 60 days. Sumitomo Rubber is related to or competes with Bridgestone, Advanced Drainage, Zeon, and Polyplex (Thailand). Sumitomo Rubber Industries, Ltd., together with its subsidiaries, produces and sells rubber materials and industrial rub... More
Sumitomo Rubber Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sumitomo Rubber's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sumitomo Rubber Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.0776 | |||
| Maximum Drawdown | 14.18 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 4.02 |
Sumitomo Rubber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sumitomo Rubber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sumitomo Rubber's standard deviation. In reality, there are many statistical measures that can use Sumitomo Rubber historical prices to predict the future Sumitomo Rubber's volatility.| Risk Adjusted Performance | 0.1091 | |||
| Jensen Alpha | 0.3341 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0664 | |||
| Treynor Ratio | (0.90) |
Sumitomo Rubber Indu Backtested Returns
Sumitomo Rubber appears to be somewhat reliable, given 3 months investment horizon. Sumitomo Rubber Indu owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% 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. On a scale of 0 to 100, Sumitomo Rubber holds a performance score of 10. The entity has a beta of -0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sumitomo Rubber are expected to decrease at a much lower rate. During the bear market, Sumitomo Rubber is likely to outperform the market. Please check Sumitomo Rubber's coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to make a quick decision on whether Sumitomo Rubber's existing price patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Sumitomo Rubber Industries has good reverse predictability. Overlapping area represents the amount of predictability between Sumitomo Rubber time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sumitomo Rubber Indu price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Sumitomo Rubber price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Sumitomo Rubber Indu lagged returns against current returns
Autocorrelation, which is Sumitomo Rubber stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sumitomo Rubber's stock expected returns. We can calculate the autocorrelation of Sumitomo Rubber returns to help us make a trade decision. For example, suppose you find that Sumitomo Rubber has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sumitomo Rubber regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sumitomo Rubber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumitomo Rubber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sumitomo Rubber stock over time.
Current vs Lagged Prices |
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Sumitomo Rubber Lagged Returns
When evaluating Sumitomo Rubber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sumitomo Rubber stock have on its future price. Sumitomo Rubber autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sumitomo Rubber autocorrelation shows the relationship between Sumitomo Rubber stock current value and its past values and can show if there is a momentum factor associated with investing in Sumitomo Rubber Industries.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sumitomo Stock
Sumitomo Rubber financial ratios help investors to determine whether Sumitomo Stock 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 Rubber security.