Sumitomo Electric Industries Stock Market Value
| SMTOF Stock | USD 16.57 0.00 0.00% |
| Symbol | Sumitomo |
Sumitomo Electric '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 Electric'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 Electric.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Sumitomo Electric on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Sumitomo Electric Industries or generate 0.0% return on investment in Sumitomo Electric over 480 days. Sumitomo Electric is related to or competes with Getty Images, Glacier Bancorp, Juniata Valley, Encore Capital, Western Union, FactSet Research, and Artisan Partners. Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide More
Sumitomo Electric 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 Electric'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 Electric Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.63) | |||
| Maximum Drawdown | 1.41 |
Sumitomo Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sumitomo Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sumitomo Electric's standard deviation. In reality, there are many statistical measures that can use Sumitomo Electric historical prices to predict the future Sumitomo Electric's volatility.| Risk Adjusted Performance | 0.0601 | |||
| Jensen Alpha | 0.0137 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.57) |
Sumitomo Electric Backtested Returns
At this point, Sumitomo Electric is very steady. Sumitomo Electric owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Sumitomo Electric Industries, which you can use to evaluate the volatility of the company. Please validate Sumitomo Electric's Coefficient Of Variation of 812.4, variance of 0.03, and Risk Adjusted Performance of 0.0601 to confirm if the risk estimate we provide is consistent with the expected return of 0.0217%. Sumitomo Electric has a performance score of 9 on a scale of 0 to 100. The entity has a beta of -0.0199, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sumitomo Electric are expected to decrease at a much lower rate. During the bear market, Sumitomo Electric is likely to outperform the market. Sumitomo Electric right now has a risk of 0.17%. Please validate Sumitomo Electric information ratio and rate of daily change , to decide if Sumitomo Electric will be following its existing price patterns.
Auto-correlation | 0.25 |
Poor predictability
Sumitomo Electric Industries has poor predictability. Overlapping area represents the amount of predictability between Sumitomo Electric time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Electric price movement. The serial correlation of 0.25 indicates that over 25.0% of current Sumitomo Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Sumitomo Electric lagged returns against current returns
Autocorrelation, which is Sumitomo Electric 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 Electric's pink sheet expected returns. We can calculate the autocorrelation of Sumitomo Electric returns to help us make a trade decision. For example, suppose you find that Sumitomo Electric 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 Electric 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 Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumitomo Electric 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 Electric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sumitomo Electric Lagged Returns
When evaluating Sumitomo Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sumitomo Electric pink sheet have on its future price. Sumitomo Electric 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 Electric autocorrelation shows the relationship between Sumitomo Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sumitomo Electric Industries.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sumitomo Pink Sheet
Sumitomo Electric financial ratios help investors to determine whether Sumitomo Pink Sheet 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 Electric security.