Sumitomo Electric Industries Stock Market Value
| SMTOY Stock | USD 18.71 0.62 3.21% |
| 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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sumitomo Electric on October 30, 2024 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 30 days. Sumitomo Electric is related to or competes with American Axle, Lear, Commercial Vehicle, Adient PLC, Gentex, Monro Muffler, and Miller Industries. 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.
| Downside Deviation | 1.9 | |||
| Information Ratio | 0.0569 | |||
| Maximum Drawdown | 11.1 | |||
| Value At Risk | (3.21) | |||
| Potential Upside | 3.83 |
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 | 0.0929 | |||
| Jensen Alpha | 0.1116 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0676 | |||
| Treynor Ratio | 0.213 |
Sumitomo Electric Backtested Returns
Sumitomo Electric appears to be not too volatile, given 3 months investment horizon. Sumitomo Electric owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0982, which indicates the firm had a 0.0982% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sumitomo Electric Industries, which you can use to evaluate the volatility of the company. Please review Sumitomo Electric's Semi Deviation of 1.74, coefficient of variation of 888.08, and Risk Adjusted Performance of 0.0929 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sumitomo Electric holds a performance score of 7. The entity has a beta of 1.14, which indicates a somewhat significant risk relative to the market. Sumitomo Electric returns are very sensitive to returns on the market. As the market goes up or down, Sumitomo Electric is expected to follow. Please check Sumitomo Electric's value at risk, as well as the relationship between the kurtosis and market facilitation index , to make a quick decision on whether Sumitomo Electric's existing price patterns will revert.
Auto-correlation | 0.62 |
Good predictability
Sumitomo Electric Industries has good predictability. Overlapping area represents the amount of predictability between Sumitomo Electric time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 0.62 indicates that roughly 62.0% of current Sumitomo Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
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 |
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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 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Sumitomo Pink Sheet Analysis
When running Sumitomo Electric's price analysis, check to measure Sumitomo Electric'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 Electric is operating at the current time. Most of Sumitomo Electric's value examination focuses on studying past and present price action to predict the probability of Sumitomo Electric'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 Electric's price. Additionally, you may evaluate how the addition of Sumitomo Electric to your portfolios can decrease your overall portfolio volatility.