Sumitomo (Germany) Market Value
| SUMA Stock | EUR 19.92 0.34 1.74% |
| Symbol | Sumitomo |
Sumitomo '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'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.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Sumitomo on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Sumitomo or generate 0.0% return on investment in Sumitomo over 30 days. Sumitomo is related to or competes with UNITED RENTALS, Adtalem Global, EEDUCATION ALBERT, Perdoceo Education, Singapore Airlines, Gol Intelligent, and Southwest Airlines. Sumitomo Corporation, together with its subsidiaries, imports, exports, and trades in various goods and commodities worl... More
Sumitomo 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'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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.34 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 2.71 |
Sumitomo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sumitomo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sumitomo's standard deviation. In reality, there are many statistical measures that can use Sumitomo historical prices to predict the future Sumitomo's volatility.| Risk Adjusted Performance | 0.0012 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.6746 |
Sumitomo Backtested Returns
Sumitomo owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0106, which indicates the firm had a -0.0106% return per unit of risk over the last 3 months. Sumitomo exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sumitomo's Coefficient Of Variation of (15,226), variance of 4.17, and Risk Adjusted Performance of 0.0012 to confirm the risk estimate we provide. The entity has a beta of -0.0347, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sumitomo are expected to decrease at a much lower rate. During the bear market, Sumitomo is likely to outperform the market. At this point, Sumitomo has a negative expected return of -0.0216%. Please make sure to validate Sumitomo's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Sumitomo performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Sumitomo has very weak predictability. Overlapping area represents the amount of predictability between Sumitomo time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 price movement. The serial correlation of 0.19 indicates that over 19.0% of current Sumitomo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Sumitomo lagged returns against current returns
Autocorrelation, which is Sumitomo 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's stock expected returns. We can calculate the autocorrelation of Sumitomo returns to help us make a trade decision. For example, suppose you find that Sumitomo 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumitomo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sumitomo stock over time.
Current vs Lagged Prices |
| Timeline |
Sumitomo Lagged Returns
When evaluating Sumitomo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sumitomo stock have on its future price. Sumitomo 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 autocorrelation shows the relationship between Sumitomo stock current value and its past values and can show if there is a momentum factor associated with investing in Sumitomo.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sumitomo Stock
Sumitomo 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 security.