Sumitomo Metal Return On Equity vs. Cash Per Share
| SMMYY Stock | USD 5.90 0.18 2.96% |
For Sumitomo Metal profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sumitomo Metal to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sumitomo Metal Mining utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sumitomo Metal's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sumitomo Metal Mining over time as well as its relative position and ranking within its peers.
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Sumitomo Metal Mining Cash Per Share vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sumitomo Metal's current stock value. Our valuation model uses many indicators to compare Sumitomo Metal value to that of its competitors to determine the firm's financial worth. Sumitomo Metal Mining is rated third in return on equity category among its peers. It is currently regarded as top stock in cash per share category among its peers fabricating about 1,047 of Cash Per Share per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value Sumitomo Metal by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Sumitomo Metal'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 Cash Per Share vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
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| = | 0.19 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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| = | 202.20 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Sumitomo Cash Per Share Comparison
Sumitomo Metal is currently under evaluation in cash per share category among its peers.
Sumitomo Metal Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Sumitomo Metal, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sumitomo Metal will eventually generate negative long term returns. The profitability progress is the general direction of Sumitomo Metal's change in net profit over the period of time. It can combine multiple indicators of Sumitomo Metal, 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 Metal Mining Co., Ltd., together with its subsidiaries, engages in mining, smelting, and refining non-ferrous metals in Japan and internationally. Sumitomo Metal Mining Co., Ltd. was founded in 1590 and is headquartered in Tokyo, Japan. Sumitomo Metal operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. It employs 7202 people.
Sumitomo Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sumitomo Metal. 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 Metal 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 Metal's important profitability drivers and their relationship over time.
Use Sumitomo Metal 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 Metal 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 Metal will appreciate offsetting losses from the drop in the long position's value.Sumitomo Metal Pair Trading
Sumitomo Metal Mining Pair Trading Analysis
The ability to find closely correlated positions to Sumitomo Metal 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 Metal 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 Metal - 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 Metal Mining to buy it.
The correlation of Sumitomo Metal 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 Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sumitomo Metal Mining 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 Metal 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 Metal position
In addition to having Sumitomo Metal 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?
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Additional Tools for Sumitomo Pink Sheet Analysis
When running Sumitomo Metal's price analysis, check to measure Sumitomo Metal'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 Metal is operating at the current time. Most of Sumitomo Metal's value examination focuses on studying past and present price action to predict the probability of Sumitomo Metal'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 Metal's price. Additionally, you may evaluate how the addition of Sumitomo Metal to your portfolios can decrease your overall portfolio volatility.