SUMITOMO MITSUI FINL Market Value
| 86562MBG4 | 94.39 4.10 4.16% |
| 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 bond 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.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in SUMITOMO on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding SUMITOMO MITSUI FINL or generate 0.0% return on investment in SUMITOMO over 30 days. SUMITOMO is related to or competes with Mayfair Gold, Hillman Solutions, Pentair PLC, Toro, Grupo Aeroportuario, Estee Lauder, and Procter Gamble. 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 bond 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 FINL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 3.09 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.3423 |
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 | (0.13) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 1.43 |
SUMITOMO MITSUI FINL Backtested Returns
SUMITOMO MITSUI FINL owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the bond had a -0.18% return per unit of standard deviation over the last 3 months. SUMITOMO MITSUI FINL exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SUMITOMO's variance of 0.2206, and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide. The entity has a beta of -0.0615, 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.
Auto-correlation | 0.54 |
Modest predictability
SUMITOMO MITSUI FINL has modest predictability. Overlapping area represents the amount of predictability between SUMITOMO time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 FINL price movement. The serial correlation of 0.54 indicates that about 54.0% of current SUMITOMO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 |
SUMITOMO MITSUI FINL lagged returns against current returns
Autocorrelation, which is SUMITOMO bond'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 bond 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 bond 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SUMITOMO bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SUMITOMO bond 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 bond 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 bond current value and its past values and can show if there is a momentum factor associated with investing in SUMITOMO MITSUI FINL.
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 Bond
SUMITOMO financial ratios help investors to determine whether SUMITOMO Bond 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.