1st Summit Bancorp Stock Volatility

FSMK Stock  USD 75.00  0.00  0.00%   
We consider 1ST SUMMIT very steady. 1ST SUMMIT BANCORP secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found sixteen technical indicators for 1ST SUMMIT BANCORP, which you can use to evaluate the volatility of the firm. Please confirm 1ST SUMMIT's Risk Adjusted Performance of 0.0776, mean deviation of 0.2727, and Standard Deviation of 1.07 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Key indicators related to 1ST SUMMIT's volatility include:
30 Days Market Risk
Chance Of Distress
30 Days Economic Sensitivity
1ST SUMMIT Pink Sheet volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of 1ST daily returns, and it is calculated using variance and standard deviation. We also use 1ST's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of 1ST SUMMIT volatility.
  
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as 1ST SUMMIT can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of 1ST SUMMIT at lower prices. For example, an investor can purchase 1ST stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of 1ST SUMMIT's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving together with 1ST Pink Sheet

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  0.64IBN ICICI Bank Limited Financial Report 26th of April 2024 PairCorr
  0.8USB-PH US BancorpPairCorr

Moving against 1ST Pink Sheet

  0.93HDB HDFC Bank Limited Fiscal Quarter End 31st of March 2024 PairCorr
  0.82FMCB Farmers Merchants BancorpPairCorr
  0.8BBDC4 Banco Bradesco SAPairCorr
  0.53BNPQF BNP Paribas SAPairCorr
  0.51BNPQY BNP Paribas SAPairCorr
  0.43NFPDF Nissin Foods HoldingsPairCorr

1ST SUMMIT Market Sensitivity And Downside Risk

1ST SUMMIT's beta coefficient measures the volatility of 1ST pink sheet compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents 1ST pink sheet's returns against your selected market. In other words, 1ST SUMMIT's beta of 0.2 provides an investor with an approximation of how much risk 1ST SUMMIT pink sheet can potentially add to one of your existing portfolios. 1ST SUMMIT BANCORP exhibits very low volatility with skewness of 8.07 and kurtosis of 65.4. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure 1ST SUMMIT's pink sheet risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact 1ST SUMMIT's pink sheet price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze 1ST SUMMIT BANCORP Demand Trend
Check current 90 days 1ST SUMMIT correlation with market (NYSE Composite)

1ST Beta

    
  0.2  
1ST standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  1.12  
It is essential to understand the difference between upside risk (as represented by 1ST SUMMIT's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of 1ST SUMMIT's daily returns or price. Since the actual investment returns on holding a position in 1st pink sheet tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in 1ST SUMMIT.

1ST SUMMIT BANCORP Pink Sheet Volatility Analysis

Volatility refers to the frequency at which 1ST SUMMIT pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with 1ST SUMMIT's price changes. Investors will then calculate the volatility of 1ST SUMMIT's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of 1ST SUMMIT's volatility:

Historical Volatility

This type of pink sheet volatility measures 1ST SUMMIT's fluctuations based on previous trends. It's commonly used to predict 1ST SUMMIT's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for 1ST SUMMIT's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on 1ST SUMMIT's to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. 1ST SUMMIT BANCORP Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.

1ST SUMMIT Projected Return Density Against Market

Given the investment horizon of 90 days 1ST SUMMIT has a beta of 0.2047 . This usually indicates as returns on the market go up, 1ST SUMMIT average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding 1ST SUMMIT BANCORP will be expected to be much smaller as well.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to 1ST SUMMIT or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that 1ST SUMMIT's price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a 1ST pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
1ST SUMMIT BANCORP has an alpha of 0.1052, implying that it can generate a 0.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Predicted Return Density   
       Returns  
1ST SUMMIT's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how 1st pink sheet's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a 1ST SUMMIT Price Volatility?

Several factors can influence a pink sheet's market volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

1ST SUMMIT Pink Sheet Risk Measures

Given the investment horizon of 90 days the coefficient of variation of 1ST SUMMIT is 733.29. The daily returns are distributed with a variance of 1.24 and standard deviation of 1.12. The mean deviation of 1ST SUMMIT BANCORP is currently at 0.29. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.56
α
Alpha over NYSE Composite
0.11
β
Beta against NYSE Composite0.20
σ
Overall volatility
1.12
Ir
Information ratio 0.01

1ST SUMMIT Pink Sheet Return Volatility

1ST SUMMIT historical daily return volatility represents how much of 1ST SUMMIT pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company inherits 1.1155% risk (volatility on return distribution) over the 90 days horizon. By contrast, NYSE Composite accepts 0.5731% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About 1ST SUMMIT Volatility

Volatility is a rate at which the price of 1ST SUMMIT or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of 1ST SUMMIT may increase or decrease. In other words, similar to 1ST's beta indicator, it measures the risk of 1ST SUMMIT and helps estimate the fluctuations that may happen in a short period of time. So if prices of 1ST SUMMIT fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
1ST SUMMIT BANCORP of Johnstown, Inc. operates as the bank holding company for 1ST SUMMIT BANK that provides various banking products and services. The company was formerly known as SUMMIT Bancorp, Inc. and changed its name to 1ST SUMMIT BANCORP of Johnstown, Inc. in 1996. 1ST SUMMIT BANCORP of Johnstown, Inc. was incorporated in 1924 and is based in Johnstown, Pennsylvania. 1st Summit operates under BanksRegional classification in the United States and is traded on OTC Exchange.
1ST SUMMIT's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on 1ST Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much 1ST SUMMIT's price varies over time.

3 ways to utilize 1ST SUMMIT's volatility to invest better

Higher 1ST SUMMIT's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of 1ST SUMMIT BANCORP stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. 1ST SUMMIT BANCORP stock volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of 1ST SUMMIT BANCORP investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in 1ST SUMMIT's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of 1ST SUMMIT's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

1ST SUMMIT Investment Opportunity

1ST SUMMIT BANCORP has a volatility of 1.12 and is 1.96 times more volatile than NYSE Composite. 9 percent of all equities and portfolios are less risky than 1ST SUMMIT. You can use 1ST SUMMIT BANCORP to protect your portfolios against small market fluctuations. The pink sheet experiences a normal downward fluctuation but is a risky buy. Check odds of 1ST SUMMIT to be traded at $74.25 in 90 days.

Average diversification

The correlation between 1ST SUMMIT BANCORP and NYA is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1ST SUMMIT BANCORP and NYA in the same portfolio, assuming nothing else is changed.

1ST SUMMIT Additional Risk Indicators

The analysis of 1ST SUMMIT's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in 1ST SUMMIT's investment and either accepting that risk or mitigating it. Along with some common measures of 1ST SUMMIT pink sheet's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

1ST SUMMIT Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against 1ST SUMMIT as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. 1ST SUMMIT's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, 1ST SUMMIT's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to 1ST SUMMIT BANCORP.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 1ST SUMMIT BANCORP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for 1ST Pink Sheet analysis

When running 1ST SUMMIT's price analysis, check to measure 1ST SUMMIT'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 1ST SUMMIT is operating at the current time. Most of 1ST SUMMIT's value examination focuses on studying past and present price action to predict the probability of 1ST SUMMIT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 1ST SUMMIT's price. Additionally, you may evaluate how the addition of 1ST SUMMIT to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between 1ST SUMMIT's value and its price as these two are different measures arrived at by different means. Investors typically determine if 1ST SUMMIT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 1ST SUMMIT's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.