Summit Competitors

Stocks . USA . 
Stock . Summit State Bank
SSBI Stock  USD 13.67  0.07  0.51%   
Summit State Bank competes with Victory Bancorp, MF Bancorp, First Community, Andover Bancorp, and Community Capital; as well as few others. The company conducts business under Banks sector and is part of Financials industry. Analyzing Summit State competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Summit State to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Summit State Correlation with its peers.

Summit State vs Oak View Correlation

Very weak diversification

The correlation between Summit State Bank and OAKV is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Summit State Bank and OAKV in the same portfolio, assuming nothing else is changed.

Moving together with Summit Stock

  0.72BIRG Bank of IrelandPairCorr
  0.87AX Axos FinancialPairCorr
  0.7FFIN First Financial Bank Normal TradingPairCorr

Moving against Summit Stock

  0.653YB Postal Savings BankPairCorr
  0.43BBC BNK BankingPairCorr
As of now, Summit State's Return On Tangible Assets are decreasing as compared to previous years. The Summit State's current Return On Assets is estimated to increase to 0.01, while Return On Capital Employed is projected to decrease to 0.02. As of now, Summit State's Return On Tangible Assets are decreasing as compared to previous years. The Summit State's current Fixed Asset Turnover is estimated to increase to 12.81, while Total Assets are projected to decrease to under 622.8 M.
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
12.1713.6715.17
Details
Intrinsic
Valuation
LowRealHigh
9.3410.8415.04
Details
Naive
Forecast
LowNextHigh
12.0713.5715.06
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.9312.0014.06
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Summit State. Your research has to be compared to or analyzed against Summit State's peers to derive any actionable benefits. When done correctly, Summit State's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Summit State Bank.

Summit State Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Summit State and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Summit and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Summit State Bank does not affect the price movement of the other competitor.

High positive correlations

HCBN
+ 0.89
VTYB
WDFN
+ 0.86
VTYB
HCBN
+ 0.83
WDFN
EXCH
+ 0.82
FMFP
OAKV
+ 0.8
EXCH
FMFP
+ 0.78
VTYB
  

High negative correlations

EXCH
- 0.74
ALBY
ALBY
- 0.7
FMFP
ALBY
- 0.7
VTYB
HCBN
- 0.67
ALBY
WDFN
- 0.58
ALBY
OAKV
- 0.55
ALBY

Risk-Adjusted Indicators

There is a big difference between Summit Stock performing well and Summit State 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 State'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTYB  0.53  0.22  0.24  2.43  0.00 
(1.05)
 2.61 
(0.93)
 5.26 
MFBP  0.77  0.06  0.00 (0.07) 1.13 
(1.65)
 3.04 
(2.34)
 7.54 
FMFP  0.82  0.18  0.00 (0.37) 0.00 
 0.00 
 5.13 
(2.12)
 12.41 
ANDC  0.81  0.05  0.01  0.22  1.00 
(2.50)
 2.16 
(2.63)
 8.35 
ALBY  0.26 (0.07) 0.00 (0.80) 0.00 
 0.00 
 0.85 
(0.85)
 4.47 
WDFN  0.80  0.20  0.09  0.89  0.63 
(1.95)
 3.70 
(1.66)
 9.15 
HCBN  0.23  0.08  0.00  2.12  0.00 
 0.00 
 1.05 
 0.00 
 3.26 
EXCH  0.51  0.25  0.00  2.28  0.00 
 0.00 
 0.14 
 0.00 
 17.10 
TMAK  2.36  0.17  0.02  0.86  3.00 
(5.06)
 6.99 
(7.23)
 16.08 
OAKV  1.29  0.08  0.01 (0.17) 1.55 
(1.71)
 2.58 
(2.52)
 7.56 

Summit State Competitive Analysis

The better you understand Summit State competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Summit State's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Summit State's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
SSBI VTYB MFBP FMFP ANDC ALBY WDFN HCBN EXCH TMAK
 0.51 
 13.67 
Summit
 0.24 
 21.05 
Victory
 3.57 
 19.45 
MFBP
 0.41 
 14.58 
First
 3.33 
 18.85 
Andover
 0.34 
 29.00 
Community
 0.17 
 29.80 
Woodlands
 0.63 
 40.25 
HCB
 0.60 
 70.00 
Exchange
 1.72 
 10.05 
Touchmark
Market Volatility
(90 Days Market Risk)
Not too volatile
Very steady
Very steady
Not too volatile
Very steady
Very steady
Very steady
Very steady
Very steady
Slightly risky
Market Performance
(90 Days Performance)
Solid
Solid
Weak
Fair
Weak
Weakest
Solid
Good
Fair
Soft
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Under Valued
Fairly Valued
Under Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Hold
Strong Sell
Strong Sell
Cautious Hold
Cautious Hold
Strong Buy
Buy
Strong Buy
Strong Sell
Net Asset
1 B
443.78 M
N/A
N/A
N/A
257.16 M
N/A
N/A
126.2 B
N/A
Profit Margin
0.21
0.27
0.2
0.22
0.3
0.24
0.24
0.17
N/A
0.4
EBITDA
8.96 M
N/A
N/A
N/A
N/A
(3.56 K)
N/A
N/A
N/A
N/A
Operating Margin
0.19
0.34
0.26
0.26
0.33
0.31
0.29
0.19
N/A
0.52
Current Valuation
32.48 M
48.39 M
(3.06 M)
54.47 M
42.66 M
21.39 M
1.49 M
23.88 M
N/A
(10.98 M)
Price To Book
0.93
1.16
0.27
1.61
N/A
0.88
N/A
N/A
N/A
0.51
Retained Earnings
62.87 M
N/A
17.89 M
25.8 M
N/A
2.05 M
17.91 M
N/A
N/A
(10.81 M)
Five Year Return
3.59
N/A
N/A
N/A
3.38
N/A
3.34
2.84
2.08
N/A
Beta
0.18
0.35
0.2
0.62
0.19
0.52
0.54
0.61
-0.11
0.21
Number Of Employees
106
10
13
7
90
20
4
8
7
17
Shares Outstanding
6.77 M
1.97 M
2.03 M
2.82 M
2.41 M
1.26 M
1.54 M
1.04 M
N/A
3.47 M
Cash Flow From Operations
5.85 M
7.09 M
4.58 M
6.48 M
6.75 M
2.7 M
5.31 M
3.03 M
2.88 B
6.97 M
Annual Yield
N/A
0.0166
0.005
0.0291
0.0364
0.0171
0.0407
0.0305
0.0278
N/A
Total Debt
5.95 M
23.28 M
990 K
33 M
N/A
17.38 M
3.92 M
24 M
N/A
7.5 M
Return On Equity
0.0705
0.18
0.0438
0.0915
0.11
0.0942
0.12
0.0664
N/A
0.0948
Z Score
N/A
0.6
30.6
0.6
N/A
0.6
7.2
0.6
N/A
2.4
Return On Asset
0.0066
0.01
0.0086
0.0079
0.0098
0.0075
0.0086
0.0055
N/A
0.0164
Number Of Shares Shorted
14.15 K
N/A
N/A
N/A
N/A
827
N/A
N/A
N/A
N/A
Book Value Per Share
15.02
13.12
10.54
14.28
21.6
12.87
26.06
34.11
N/A
14.73
Total Asset
1 B
443.78 M
296.7 M
420.7 M
N/A
257.16 M
375.23 M
N/A
126.2 B
130.9 M
Short Ratio
2.33
N/A
N/A
N/A
N/A
1.1
N/A
N/A
N/A
N/A
Target Price
7.2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Last Dividend Paid
0.04
0.23
0.11
N/A
0.74
N/A
1.1
0.76
N/A
N/A
Debt To Equity
N/A
N/A
7.23
N/A
N/A
6.83
N/A
N/A
N/A
N/A
Shares Owned By Institutions
26.85
N/A
N/A
N/A
0.14
N/A
4.62
N/A
N/A
N/A
Market Capitalization
92.57 M
30.89 M
50.78 M
62.14 M
49.59 M
22.09 M
47.06 M
25.86 M
16.98 M
36.56 M
Price To Earning
8.66
9.53
-4.79
15.26
10.8
9.45
8.08
9.22
N/A
14.08
Price To Sales
2.82
1.82
2.28
2.73
2.69
2.23
2.43
1.88
5.25
2.31
Net Income
6.8 M
3.95 M
2.78 M
5.17 M
5.39 M
1.99 M
5.28 M
2.36 M
2.11 B
8.32 M
Earnings Per Share
-0.21
1.88
-0.9
1.44
2.42
1.74
3.56
2.71
N/A
0.6
Shares Owned By Insiders
28.67
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Revenue
58.82 M
15.3 M
17.48 M
22.72 M
17.91 M
8.11 M
20.99 M
14.47 M
8.24 B
15.48 M
Cash And Equivalents
42.82 M
112 M
134.96 M
22.39 M
N/A
4.94 M
51.91 M
121.42 M
N/A
25.66 M
Cash Per Share
6.35
57.43
68.16
7.95
N/A
7.99
37.31
117.13
N/A
5.73
Gross Profit
32.81 M
15.06 M
15.84 M
21.43 M
17.91 M
8.1 M
20.99 M
14.21 M
N/A
18.68 M
Day Typical Price
13.7
21.05
19.41
14.58
18.85
29.03
29.8
40.83
70.0
10.05
Accumulation Distribution
0.0058
N/A
0.0103
N/A
N/A
2.41
N/A
76.96
N/A
0.0099
Market Facilitation Index
0.08
N/A
0.2
N/A
N/A
1.0E-4
N/A
9.0E-4
N/A
0.1
Daily Balance Of Power
(0.88)
9.2 T
3.35
9.2 T
0
(1.00)
9.2 T
0.1429
9.2 T
1.7
Period Momentum Indicator
(0.07)
0.05
0.67
0.06
(0.65)
(0.10)
0.05
0.25
0.42
0.17
Rate Of Daily Change
0.99
1.0
1.04
1.0
0.97
1.0
1.0
1.01
1.01
1.02
Day Median Price
13.71
21.05
19.39
14.58
18.85
29.05
29.8
41.13
70.0
10.05
Price Action Indicator
(0.07)
0.025
0.39
0.03
(0.32)
(0.10)
0.025
(0.75)
0.21
0.085
Coefficient Of Variation
744.43
415.5
2897.77
1063.21
2145.79
(1,000)
675.16
529.78
776.65
2018.08
Mean Deviation
1.2
0.5314
0.7742
0.8176
0.8087
0.2554
0.7962
0.2281
0.5138
2.36
Jensen Alpha
0.2449
0.2221
0.0596
0.177
0.0524
(0.07)
0.1992
0.0754
0.248
0.1732
Total Risk Alpha
0.1508
0.1797
(0.03)
0.0765
(0.01)
(0.09)
0.1389
0.0552
0.157
0.0011
Sortino Ratio
0.087
0.244
0.0018
N/A
0.0113
N/A
0.0902
N/A
N/A
0.0227
Downside Variance
5.35
0.6081
6.54
N/A
5.91
N/A
3.65
N/A
N/A
41.07
Standard Deviation
1.83
0.9778
1.44
1.83
1.56
0.5729
1.47
0.459
2.03
3.85
Kurtosis
5.19
12.21
2.92
6.27
3.41
10.1
6.06
13.21
65.41
0.4957
Potential Upside
3.62
2.61
3.04
5.13
2.16
0.8547
3.7
1.05
0.1439
6.99
Treynor Ratio
(0.96)
2.43
(0.07)
(0.37)
0.2177
(0.80)
0.8913
2.12
2.28
0.857
Maximum Drawdown
7.99
5.26
7.54
12.41
8.35
4.47
9.15
3.26
17.1
16.08
Variance
3.36
0.956
2.07
3.33
2.42
0.3282
2.15
0.2107
4.14
14.79
Market Risk Adjusted Performance
(0.95)
2.44
(0.06)
(0.36)
0.2277
(0.79)
0.9013
2.13
2.29
0.867
Risk Adjusted Performance
0.1069
0.1832
0.0307
0.0766
0.0402
(0.08)
0.1162
0.1355
0.1031
0.0453
Skewness
(1.16)
3.1
(0.13)
0.5259
0.8821
(1.22)
1.69
(1.14)
8.07
(0.08)
Semi Deviation
1.87
0.0
1.13
N/A
1.0
N/A
0.6316
N/A
N/A
3.0
Information Ratio
0.1098
0.1946
0.0032
0.0694
0.0176
(0.18)
0.1174
0.0906
0.1066
0.0378
Value At Risk
(2.69)
(0.93)
(2.34)
(2.12)
(2.63)
(0.85)
(1.66)
N/A
N/A
(7.23)
Expected Short fall
(1.20)
(1.05)
(1.65)
N/A
(2.50)
N/A
(1.95)
N/A
N/A
(5.06)
Downside Deviation
2.31
0.7798
2.56
N/A
2.43
N/A
1.91
N/A
N/A
6.41
Semi Variance
3.49
(0.12)
1.28
N/A
1.0
N/A
0.3989
N/A
N/A
9.02

Summit State Competition Performance Charts

Five steps to successful analysis of Summit State Competition

Summit State's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Summit State Bank in relation to its competition. Summit State's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Summit State in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Summit State's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Summit State Bank, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Summit State position

In addition to having Summit State in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Realty Funds Theme
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When determining whether Summit State Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit State's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit State Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit State Bank Stock:
How To Invest In Summit
Details
Is Summit Stock a good investment?
Details
What is Summit State's Net Worth?
Details
Largest Regional Banks Companies
View
Largest Banks - Regional Companies
View
Check out Summit State Correlation with its peers.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is there potential for Regional Banks market expansion? Will Summit introduce new products? Factors like these will boost the valuation of Summit State. If investors know Summit will grow in the future, the company's valuation will be higher. Understanding fair value requires weighing current performance against future potential. All the valuation information about Summit State listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.333
Earnings Share
(0.21)
Revenue Per Share
4.883
Quarterly Revenue Growth
3.276
Return On Assets
0.0066
Summit State Bank's market price often diverges from its book value, the accounting figure shown on Summit's balance sheet. Smart investors calculate Summit State's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Since Summit State's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Altman
Z Score
Details
Piotroski
F Score
Details
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between Summit State's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit State is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit State'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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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