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Sumitomo Mitsui Financial Group 12-1 Month Momentum %

: -17.66% (As of Today)
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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2022-05-26), Sumitomo Mitsui Financial Group's 12-1 Month Momentum % is -17.66%.

The industry rank for Sumitomo Mitsui Financial Group's 12-1 Month Momentum % or its related term are showing as below:

SMFG's 12-1 Month Momentum % is ranked worse than
86.23% of 1532 companies
in the Banks industry
Industry Median: 2.96 vs SMFG: -17.66

Competitive Comparison

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial Group's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Sumitomo Mitsui Financial Group 12-1 Month Momentum % Distribution

For the Banks industry and Financial Services sector, Sumitomo Mitsui Financial Group's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Sumitomo Mitsui Financial Group's 12-1 Month Momentum % falls into.



Sumitomo Mitsui Financial Group  (NYSE:SMFG) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sumitomo Mitsui Financial Group  (NYSE:SMFG) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Sumitomo Mitsui Financial Group 12-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Sumitomo Mitsui Financial Group's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Sumitomo Mitsui Financial Group Business Description

Sumitomo Mitsui Financial Group logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6029
Address
1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second- largest bank after Mitsubishi UFJ Financial Group. As of March 2021, its market share of domestic loans was 7.0%, compared with 8.5% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third- largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management, areas that it is working on strengthening.

Sumitomo Mitsui Financial Group Headlines

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