Sumitomo Corp Adr Stock Technical Analysis
| SSUMY Stock | USD 21.46 0.64 3.07% |
As of the 2nd of December, Sumitomo Corp has the Coefficient Of Variation of (1,412), risk adjusted performance of (0.05), and Variance of 2.3. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Sumitomo Corp ADR, as well as the relationship between them.
Sumitomo Corp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Sumitomo, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SumitomoSumitomo |
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.
Sumitomo Corp ADR Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Sumitomo Corp ADR volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Sumitomo Corp ADR Trend Analysis
Use this graph to draw trend lines for Sumitomo Corp ADR. You can use it to identify possible trend reversals for Sumitomo Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Sumitomo Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Sumitomo Corp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Sumitomo Corp ADR applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that Sumitomo Corp ADR market price will keep on failing further. It has 122 observation points and a regression sum of squares at 42.17, which is the sum of squared deviations for the predicted Sumitomo Corp price change compared to its average price change.About Sumitomo Corp Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Sumitomo Corp ADR on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Sumitomo Corp ADR based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Sumitomo Corp ADR price pattern first instead of the macroeconomic environment surrounding Sumitomo Corp ADR. By analyzing Sumitomo Corp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Sumitomo Corp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Sumitomo Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
Sumitomo Corp December 2, 2024 Technical Indicators
Most technical analysis of Sumitomo help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Sumitomo from various momentum indicators to cycle indicators. When you analyze Sumitomo charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.13) | |||
| Mean Deviation | 1.14 | |||
| Coefficient Of Variation | (1,412) | |||
| Standard Deviation | 1.52 | |||
| Variance | 2.3 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.14) | |||
| Maximum Drawdown | 6.88 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.13 | |||
| Skewness | (0.31) | |||
| Kurtosis | 0.3705 |
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.