Sumitomo Corp Adr Stock Price on September 5, 2024
| SSUMY Stock | USD 22.05 0.37 1.71% |
If you're considering investing in Sumitomo Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Sumitomo Corp stands at 22.05, as last reported on the 11th of December 2024, with the highest price reaching 22.05 and the lowest price hitting 22.05 during the day. Sumitomo Corp ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0132, which indicates the firm had a -0.0132% return per unit of risk over the last 3 months. Sumitomo Corp ADR exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sumitomo Corp's Variance of 1.98, coefficient of variation of (6,986), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide.
Sumitomo Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Sumitomo |
Sharpe Ratio = -0.0132
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Estimated Market Risk
| 1.44 actual daily | 12 88% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Sumitomo Corp is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sumitomo Corp by adding Sumitomo Corp to a well-diversified portfolio.
Sumitomo Corp Valuation on September 5, 2024
It is possible to determine the worth of Sumitomo Corp on a given historical date. On September 5, 2024 Sumitomo was worth 23.07 at the beginning of the trading date compared to the closed value of 23.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sumitomo Corp pink sheet. Still, in general, we apply an absolute valuation method to find Sumitomo Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Sumitomo Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sumitomo Corp's related companies.
| Open | High | Low | Close | Volume | |
| 22.78 | 23.02 | 22.78 | 22.83 | 59,000 | |
09/05/2024 | 23.07 | 23.10 | 22.90 | 23.04 | 58,200 |
| 22.55 | 22.73 | 22.06 | 22.06 | 58,400 |
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Sumitomo Corp Trading Date Momentum on September 5, 2024
| On September 06 2024 Sumitomo Corp ADR was traded for 22.06 at the closing time. The highest daily price throughout the period was 22.73 and the lowest price was 22.06 . The daily volume was 58.4 K. The net trading volume on 09/06/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 4.25% . The trading price change to current closing price is 5.60% . |
Sumitomo Corp ADR Fundamentals Correlations and Trends
By evaluating Sumitomo Corp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sumitomo Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sumitomo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sumitomo Corp Pink Sheet history
Sumitomo Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Sumitomo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sumitomo Corp ADR will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Sumitomo Corp stock prices may prove useful in developing a viable investing in Sumitomo Corp
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 Corp Pink Sheet Technical Analysis
Sumitomo Corp 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.
Price Boundaries
Sumitomo Corp Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Sumitomo Corp December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Sumitomo Corp pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sumitomo Corp shares will generate the highest return on investment. By undertsting and applying Sumitomo Corp pink sheet market strength indicators, traders can identify Sumitomo Corp ADR entry and exit signals to maximize returns
Sumitomo Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sumitomo Corp's price direction in advance. Along with the technical and fundamental analysis of Sumitomo Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sumitomo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.06) |
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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.