Summit Midstream Correlations

Stocks . USA . 
Stock . Summit Midstream
SMC Stock   25.43  0.24  0.93%   
The current 90-days correlation between Summit Midstream and Imax Corp is 0.25 (i.e., Modest diversification). The correlation of Summit Midstream 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Summit Midstream Correlation With Market

Average diversification

The correlation between Summit Midstream and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Summit Midstream and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Midstream. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For information on how to trade Summit Stock refer to our How to Trade Summit Stock guide.

Moving together with Summit Stock

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Moving against Summit Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Summit Stock performing well and Summit Midstream Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Summit Midstream's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Summit Midstream Corporate Management

James JohnstonGeneral VPProfile
Carrie VrunoVP ControllerProfile
Hugo GuerreroSenior OperationsProfile
Randall BurtonTreasurer FinanceProfile
Matthew SicinskiSenior OfficerProfile
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