Summit Materials (Germany) Market Value
| 7SU Stock | 48.20 0.20 0.41% |
| Symbol | Summit |
Summit Materials '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 Summit Materials' stock 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 Summit Materials.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Summit Materials on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Summit Materials or generate 0.0% return on investment in Summit Materials over 30 days. Summit Materials is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
Summit Materials 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 Summit Materials' stock 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 Summit Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.187 | |||
| Maximum Drawdown | 11.33 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 6.49 |
Summit Materials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summit Materials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summit Materials' standard deviation. In reality, there are many statistical measures that can use Summit Materials historical prices to predict the future Summit Materials' volatility.| Risk Adjusted Performance | 0.1664 | |||
| Jensen Alpha | 0.4602 | |||
| Total Risk Alpha | 0.3903 | |||
| Sortino Ratio | 0.3065 | |||
| Treynor Ratio | (9.64) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Summit Materials' 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.
Summit Materials Backtested Returns
Summit Materials appears to be very steady, given 3 months investment horizon. Summit Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the firm had a 0.23% return per unit of risk over the last 3 months. By inspecting Summit Materials' technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please review Summit Materials' Semi Deviation of 0.836, risk adjusted performance of 0.1664, and Coefficient Of Variation of 496.78 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Summit Materials holds a performance score of 18. The entity has a beta of -0.0476, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Summit Materials are expected to decrease at a much lower rate. During the bear market, Summit Materials is likely to outperform the market. Please check Summit Materials' jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether Summit Materials' existing price patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
Summit Materials has poor predictability. Overlapping area represents the amount of predictability between Summit Materials time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th of December 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 Summit Materials price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Summit Materials price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Summit Materials lagged returns against current returns
Autocorrelation, which is Summit Materials stock'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 Summit Materials' stock expected returns. We can calculate the autocorrelation of Summit Materials returns to help us make a trade decision. For example, suppose you find that Summit Materials has exhibited high autocorrelation historically, and you observe that the stock 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 |
Summit Materials 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 Summit Materials stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summit Materials stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Summit Materials stock over time.
Current vs Lagged Prices |
| Timeline |
Summit Materials Lagged Returns
When evaluating Summit Materials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summit Materials stock have on its future price. Summit Materials 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, Summit Materials autocorrelation shows the relationship between Summit Materials stock current value and its past values and can show if there is a momentum factor associated with investing in Summit Materials.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Summit Stock Analysis
When running Summit Materials' price analysis, check to measure Summit Materials' 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 Summit Materials is operating at the current time. Most of Summit Materials' value examination focuses on studying past and present price action to predict the probability of Summit Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Materials' price. Additionally, you may evaluate how the addition of Summit Materials to your portfolios can decrease your overall portfolio volatility.