SMLP Financial Statements From 2010 to 2025
SMLP Old financial statements provide useful quarterly and yearly information to potential SMLP Old investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on SMLP Old financial statements helps investors assess SMLP Old's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting SMLP Old's valuation are summarized below:SMLP Old does not now have any fundamental trend indicators for analysis.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Check SMLP Old financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SMLP Old's main balance sheet or income statement drivers, such as , as well as many indicators such as . SMLP financial statements analysis is a perfect complement when working with SMLP Old Valuation or Volatility modules.
SMLP |
SMLP Old Company Return On Equity Analysis
SMLP Old's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current SMLP Old Return On Equity | 0.12 |
Most of SMLP Old's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, SMLP Old is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, SMLP Old has a Return On Equity of 0.1173. This is 105.92% lower than that of the Oil, Gas & Consumable Fuels sector and 96.41% lower than that of the Energy industry. The return on equity for all United States stocks is 137.84% lower than that of the firm.
SMLP Old Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining SMLP Old's current stock value. Our valuation model uses many indicators to compare SMLP Old value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SMLP Old competition to find correlations between indicators driving SMLP Old's intrinsic value. More Info.SMLP Old is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 0.18 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for SMLP Old is roughly 5.43 . Comparative valuation analysis is a catch-all technique that is used if you cannot value SMLP Old by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About SMLP Old Financial Statements
SMLP Old shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although SMLP Old investors may analyze each financial statement separately, they are all interrelated. The changes in SMLP Old's assets and liabilities, for example, are also reflected in the revenues and expenses on on SMLP Old's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company was founded in 2009 and is headquartered in Houston, Texas. Summit Midstream operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. It employs 209 people.
Pair Trading with SMLP Old
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SMLP Old position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SMLP Old will appreciate offsetting losses from the drop in the long position's value.Moving together with SMLP Stock
Moving against SMLP Stock
| 0.69 | HPQ | HP Inc | PairCorr |
| 0.63 | PBCRF | PT Bank Central | PairCorr |
| 0.63 | JNJ | Johnson Johnson | PairCorr |
| 0.63 | VZ | Verizon Communications | PairCorr |
| 0.63 | AA | Alcoa Corp | PairCorr |
The ability to find closely correlated positions to SMLP Old could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SMLP Old when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SMLP Old - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SMLP Old to buy it.
The correlation of SMLP Old 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SMLP Old moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SMLP Old moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SMLP Old can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Other Consideration for investing in SMLP Stock
If you are still planning to invest in SMLP Old check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the SMLP Old's history and understand the potential risks before investing.
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