Sumitomo Corp Price To Book vs. Revenue
| SSUMY Stock | USD 21.46 0.64 3.07% |
For Sumitomo Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sumitomo Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sumitomo Corp ADR utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sumitomo Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sumitomo Corp ADR over time as well as its relative position and ranking within its peers.
Sumitomo |
Sumitomo Corp ADR Revenue vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sumitomo Corp's current stock value. Our valuation model uses many indicators to compare Sumitomo Corp value to that of its competitors to determine the firm's financial worth. Sumitomo Corp ADR is rated second in price to book category among its peers. It is currently regarded number one company in revenue category among its peers totaling about 7,188,664,311,879 of Revenue per Price To Book. Comparative valuation analysis is a catch-all model that can be used if you cannot value Sumitomo Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Sumitomo Corp's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Sumitomo Revenue vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Sumitomo Corp |
| = | 0.76 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Sumitomo Corp |
| = | 5.5 T |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Sumitomo Revenue vs Competition
Sumitomo Corp ADR is currently regarded number one company in revenue category among its peers. Market size based on revenue of Conglomerates industry is at this time estimated at about 5.97 Trillion. Sumitomo Corp totals roughly 5.5 Trillion in revenue claiming about 92% of stocks in Conglomerates industry.
Sumitomo Corp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Sumitomo Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sumitomo Corp will eventually generate negative long term returns. The profitability progress is the general direction of Sumitomo Corp's change in net profit over the period of time. It can combine multiple indicators of Sumitomo Corp, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Sumitomo Corporation engages in general trading business worldwide. The company was incorporated in 1919 and is headquartered in Tokyo, Japan. Sumitomo Corp is traded on OTC Exchange in the United States.
Sumitomo Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sumitomo Corp. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Sumitomo Corp position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Sumitomo Corp's important profitability drivers and their relationship over time.
Use Sumitomo Corp in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sumitomo Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sumitomo Corp will appreciate offsetting losses from the drop in the long position's value.Sumitomo Corp Pair Trading
Sumitomo Corp ADR Pair Trading Analysis
The ability to find closely correlated positions to Sumitomo Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sumitomo Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sumitomo Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sumitomo Corp ADR to buy it.
The correlation of Sumitomo Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sumitomo Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sumitomo Corp ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sumitomo Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Sumitomo Corp position
In addition to having Sumitomo Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Sovereign ETFs Thematic Idea Now
Sovereign ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Sovereign ETFs theme has 17 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Sovereign ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for Sumitomo Pink Sheet Analysis
When running Sumitomo Corp's price analysis, check to measure Sumitomo Corp'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 Corp is operating at the current time. Most of Sumitomo Corp's value examination focuses on studying past and present price action to predict the probability of Sumitomo Corp'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 Corp's price. Additionally, you may evaluate how the addition of Sumitomo Corp to your portfolios can decrease your overall portfolio volatility.