Sumitomo Stock Market Value

SSUMF Stock  USD 24.30  0.02  0.08%   
Sumitomo's market value is the price at which a share of Sumitomo trades on a public exchange. It measures the collective expectations of Sumitomo investors about its performance. Sumitomo is trading at 24.30 as of the 28th of March 2024. This is a -0.08 percent decrease since the beginning of the trading day. The stock's lowest day price was 24.3.
With this module, you can estimate the performance of a buy and hold strategy of Sumitomo and determine expected loss or profit from investing in Sumitomo over a given investment horizon. Check out Sumitomo Correlation, Sumitomo Volatility and Sumitomo Alpha and Beta module to complement your research on Sumitomo.
Symbol

Please note, there is a significant difference between Sumitomo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sumitomo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sumitomo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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 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.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Sumitomo on February 27, 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 Honeywell International, 3M, Hitachi, and Unum. Sumitomo Corporation engages in general trading business worldwide 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 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 upside and downside potential and time the market with a certain degree of confidence.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sumitomo'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.
Hype
Prediction
LowEstimatedHigh
22.3624.3026.24
Details
Intrinsic
Valuation
LowRealHigh
21.5523.4925.43
Details
Naive
Forecast
LowNextHigh
22.5524.4926.43
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
24.3024.3024.30
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sumitomo. Your research has to be compared to or analyzed against Sumitomo's peers to derive any actionable benefits. When done correctly, Sumitomo's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Sumitomo.

Sumitomo Backtested Returns

Sumitomo appears to be very steady, given 3 months investment horizon. Sumitomo owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sumitomo, which you can use to evaluate the volatility of the company. Please review Sumitomo's Risk Adjusted Performance of 0.0802, coefficient of variation of 759.84, and Semi Deviation of 1.68 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sumitomo holds a performance score of 8. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sumitomo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sumitomo is expected to be smaller as well. Please check Sumitomo's maximum drawdown, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Sumitomo's existing price patterns will revert.

Auto-correlation

    
  0.21  

Weak predictability

Sumitomo has weak predictability. Overlapping area represents the amount of predictability between Sumitomo time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 0.21 indicates that over 21.0% of current Sumitomo price fluctuation can be explain by its past prices.
Correlation Coefficient0.21
Spearman Rank Test0.12
Residual Average0.0
Price Variance0.3

Sumitomo lagged returns against current returns

Autocorrelation, which is Sumitomo 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's pink sheet 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 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 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumitomo 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 pink sheet 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 pink sheet 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 pink sheet 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

Check out Sumitomo Correlation, Sumitomo Volatility and Sumitomo Alpha and Beta module to complement your research on Sumitomo.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Complementary Tools for Sumitomo Pink Sheet analysis

When running Sumitomo's price analysis, check to measure Sumitomo'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 is operating at the current time. Most of Sumitomo's value examination focuses on studying past and present price action to predict the probability of Sumitomo'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's price. Additionally, you may evaluate how the addition of Sumitomo to your portfolios can decrease your overall portfolio volatility.
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Sumitomo technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
A focus of Sumitomo technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sumitomo trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...