Sumitomo Mitsui Trust Stock Market Value
| SUTNY Stock | USD 4.79 0.06 1.24% |
| Symbol | Sumitomo |
Sumitomo Mitsui '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 Mitsui'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 Mitsui.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sumitomo Mitsui on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Sumitomo Mitsui Trust or generate 0.0% return on investment in Sumitomo Mitsui over 180 days. Sumitomo Mitsui is related to or competes with MSAD Insurance, Svenska Handelsbanken, Sekisui House, Daiwa House, and Bank Mandiri. Sumitomo Mitsui Trust Holdings, Inc. operates as a trust bank in Japan and internationally More
Sumitomo Mitsui 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 Mitsui'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 Mitsui Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 7.77 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 2.46 |
Sumitomo Mitsui Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sumitomo Mitsui's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sumitomo Mitsui's standard deviation. In reality, there are many statistical measures that can use Sumitomo Mitsui historical prices to predict the future Sumitomo Mitsui's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.16) |
Sumitomo Mitsui Trust Backtested Returns
Sumitomo Mitsui Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0566, which indicates the firm had a -0.0566% return per unit of risk over the last 3 months. Sumitomo Mitsui Trust exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sumitomo Mitsui's Risk Adjusted Performance of (0.04), coefficient of variation of (1,858), and Variance of 2.66 to confirm the risk estimate we provide. The entity has a beta of 0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sumitomo Mitsui's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sumitomo Mitsui is expected to be smaller as well. At this point, Sumitomo Mitsui Trust has a negative expected return of -0.0925%. Please make sure to validate Sumitomo Mitsui's kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Sumitomo Mitsui Trust performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Sumitomo Mitsui Trust has weak reverse predictability. Overlapping area represents the amount of predictability between Sumitomo Mitsui time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 Mitsui Trust price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Sumitomo Mitsui price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Sumitomo Mitsui Trust lagged returns against current returns
Autocorrelation, which is Sumitomo Mitsui 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 Mitsui's pink sheet expected returns. We can calculate the autocorrelation of Sumitomo Mitsui returns to help us make a trade decision. For example, suppose you find that Sumitomo Mitsui 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 Mitsui 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 Mitsui pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumitomo Mitsui 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 Mitsui pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sumitomo Mitsui Lagged Returns
When evaluating Sumitomo Mitsui's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sumitomo Mitsui pink sheet have on its future price. Sumitomo Mitsui 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 Mitsui autocorrelation shows the relationship between Sumitomo Mitsui pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sumitomo Mitsui Trust.
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 Mitsui's price analysis, check to measure Sumitomo Mitsui'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 Mitsui is operating at the current time. Most of Sumitomo Mitsui's value examination focuses on studying past and present price action to predict the probability of Sumitomo Mitsui'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 Mitsui's price. Additionally, you may evaluate how the addition of Sumitomo Mitsui to your portfolios can decrease your overall portfolio volatility.