Sumitomo Metal Mining Stock Market Value
| SMMYY Stock | USD 10.78 0.76 7.58% |
| Symbol | Sumitomo |
Sumitomo Metal '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 Metal's pink sheet 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 Metal.
| 01/11/2025 |
| 01/06/2026 |
If you would invest 0.00 in Sumitomo Metal on January 11, 2025 and sell it all today you would earn a total of 0.00 from holding Sumitomo Metal Mining or generate 0.0% return on investment in Sumitomo Metal over 360 days. Sumitomo Metal is related to or competes with South32, Lynas Rare, Lynas Rare, Svenska Cellulosa, Brenntag, IMCD NV, and Mitsubishi Chemical. Sumitomo Metal Mining Co., Ltd., together with its subsidiaries, engages in mining, smelting, and refining non-ferrous m... More
Sumitomo Metal 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 Metal's pink sheet 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 Metal Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.1459 | |||
| Maximum Drawdown | 12.1 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 4.8 |
Sumitomo Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sumitomo Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sumitomo Metal's standard deviation. In reality, there are many statistical measures that can use Sumitomo Metal historical prices to predict the future Sumitomo Metal's volatility.| Risk Adjusted Performance | 0.1342 | |||
| Jensen Alpha | 0.3504 | |||
| Total Risk Alpha | 0.1998 | |||
| Sortino Ratio | 0.1529 | |||
| Treynor Ratio | 0.2623 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sumitomo Metal's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sumitomo Metal Mining Backtested Returns
Sumitomo Metal appears to be not too volatile, given 3 months investment horizon. Sumitomo Metal Mining owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sumitomo Metal Mining, which you can use to evaluate the volatility of the company. Please review Sumitomo Metal's Coefficient Of Variation of 570.64, risk adjusted performance of 0.1342, and Semi Deviation of 2.22 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sumitomo Metal holds a performance score of 12. The entity has a beta of 1.85, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sumitomo Metal will likely underperform. Please check Sumitomo Metal's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Sumitomo Metal's existing price patterns will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Sumitomo Metal Mining has insignificant predictability. Overlapping area represents the amount of predictability between Sumitomo Metal time series from 11th of January 2025 to 10th of July 2025 and 10th of July 2025 to 6th of January 2026. 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 Metal Mining price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Sumitomo Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1.54 |
Sumitomo Metal Mining lagged returns against current returns
Autocorrelation, which is Sumitomo Metal pink sheet'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 Metal's pink sheet expected returns. We can calculate the autocorrelation of Sumitomo Metal returns to help us make a trade decision. For example, suppose you find that Sumitomo Metal has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Metal 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 Metal pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumitomo Metal pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sumitomo Metal pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sumitomo Metal Lagged Returns
When evaluating Sumitomo Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sumitomo Metal pink sheet have on its future price. Sumitomo Metal 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 Metal autocorrelation shows the relationship between Sumitomo Metal pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sumitomo Metal Mining.
Regressed Prices |
| Timeline |
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Additional Tools for Sumitomo Pink Sheet Analysis
When running Sumitomo Metal's price analysis, check to measure Sumitomo Metal'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 Metal is operating at the current time. Most of Sumitomo Metal's value examination focuses on studying past and present price action to predict the probability of Sumitomo Metal'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 Metal's price. Additionally, you may evaluate how the addition of Sumitomo Metal to your portfolios can decrease your overall portfolio volatility.