Sumitomo Chemical (India) Market Value
| SUMICHEM | 541.55 1.70 0.31% |
| Symbol | Sumitomo |
Sumitomo Chemical '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 Chemical'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 Chemical.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Sumitomo Chemical on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Sumitomo Chemical India or generate 0.0% return on investment in Sumitomo Chemical over 30 days. Sumitomo Chemical is related to or competes with Embassy Office, and JTL Industries. Sumitomo Chemical is entity of India. It is traded as Stock on NSE exchange. More
Sumitomo Chemical 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 Chemical'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 Chemical India upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.56 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 19.74 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 5.06 |
Sumitomo Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sumitomo Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sumitomo Chemical's standard deviation. In reality, there are many statistical measures that can use Sumitomo Chemical historical prices to predict the future Sumitomo Chemical's volatility.| Risk Adjusted Performance | 0.0266 | |||
| Jensen Alpha | 0.0113 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1435 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sumitomo Chemical'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 Chemical India Backtested Returns
At this point, Sumitomo Chemical is very steady. Sumitomo Chemical India owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0437, which indicates the firm had a 0.0437% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sumitomo Chemical India, which you can use to evaluate the volatility of the company. Please validate Sumitomo Chemical's Semi Deviation of 2.4, risk adjusted performance of 0.0266, and Coefficient Of Variation of 4027.27 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Sumitomo Chemical has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sumitomo Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sumitomo Chemical is expected to be smaller as well. Sumitomo Chemical India right now has a risk of 3.31%. Please validate Sumitomo Chemical semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Sumitomo Chemical will be following its existing price patterns.
Auto-correlation | -0.45 |
Modest reverse predictability
Sumitomo Chemical India has modest reverse predictability. Overlapping area represents the amount of predictability between Sumitomo Chemical time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Chemical India price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Sumitomo Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 235.11 |
Sumitomo Chemical India lagged returns against current returns
Autocorrelation, which is Sumitomo Chemical 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 Chemical's stock expected returns. We can calculate the autocorrelation of Sumitomo Chemical returns to help us make a trade decision. For example, suppose you find that Sumitomo Chemical 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 Chemical 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 Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumitomo Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sumitomo Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Sumitomo Chemical Lagged Returns
When evaluating Sumitomo Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sumitomo Chemical stock have on its future price. Sumitomo Chemical 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 Chemical autocorrelation shows the relationship between Sumitomo Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Sumitomo Chemical India.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Sumitomo Stock
Sumitomo Chemical 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 Chemical security.