Sumco Corp Adr Stock Market Value
| SUOPY Stock | USD 31.11 0.80 2.64% |
| Symbol | Sumco |
Sumco Corp '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 Sumco Corp'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 Sumco Corp.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in Sumco Corp on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding Sumco Corp ADR or generate 0.0% return on investment in Sumco Corp over 90 days. Sumco Corp is related to or competes with Lasertec, Asm Pacific, Disco Corp, Tokyo Electron, SCREEN Holdings, AIXTRON SE, and Lasertec. Sumco Corporation, together with its subsidiaries, manufactures and sells silicon wafers for the semiconductor industry ... More
Sumco Corp 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 Sumco Corp'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 Sumco Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.09 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 3.0 |
Sumco Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sumco Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sumco Corp's standard deviation. In reality, there are many statistical measures that can use Sumco Corp historical prices to predict the future Sumco Corp's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.697 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sumco Corp'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.
Sumco Corp ADR Backtested Returns
Sumco Corp ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0112, which indicates the firm had a -0.0112% return per unit of risk over the last 3 months. Sumco Corp ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sumco Corp's Variance of 5.5, risk adjusted performance of (0.01), and Coefficient Of Variation of (3,086) to confirm the risk estimate we provide. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sumco Corp are expected to decrease at a much lower rate. During the bear market, Sumco Corp is likely to outperform the market. At this point, Sumco Corp ADR has a negative expected return of -0.0266%. Please make sure to validate Sumco Corp's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Sumco Corp ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Sumco Corp ADR has very weak predictability. Overlapping area represents the amount of predictability between Sumco Corp time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th of June 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 Sumco Corp ADR price movement. The serial correlation of 0.16 indicates that over 16.0% of current Sumco Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 1.21 |
Sumco Corp ADR lagged returns against current returns
Autocorrelation, which is Sumco Corp 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 Sumco Corp's pink sheet expected returns. We can calculate the autocorrelation of Sumco Corp returns to help us make a trade decision. For example, suppose you find that Sumco Corp 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 |
Sumco Corp 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 Sumco Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumco Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sumco Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sumco Corp Lagged Returns
When evaluating Sumco Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sumco Corp pink sheet have on its future price. Sumco Corp 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, Sumco Corp autocorrelation shows the relationship between Sumco Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sumco Corp ADR.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Sumco Pink Sheet Analysis
When running Sumco Corp's price analysis, check to measure Sumco 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 Sumco Corp is operating at the current time. Most of Sumco Corp's value examination focuses on studying past and present price action to predict the probability of Sumco 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 Sumco Corp's price. Additionally, you may evaluate how the addition of Sumco Corp to your portfolios can decrease your overall portfolio volatility.