Summit Materials Stock Forecast - Total Risk Alpha
SUMDelisted Stock | USD 52.49 0.10 0.19% |
Summit Stock Forecast is based on your current time horizon.
Summit |
Check Summit Materials Volatility | Backtest Summit Materials | Trend Details |
Summit Materials Trading Date Momentum
On November 21 2024 Summit Materials was traded for 51.16 at the closing time. Highest Summit Materials's price during the trading hours was 53.49 and the lowest price during the day was 48.21 . The net volume was 4.7 M. The overall trading history on the 21st of November contributed to the next trading period price boost. The trading price change to the next next day price was 5.70% . The trading price change to current price is 4.86% . |
Summit Materials Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Summit Materials stock to make a market-neutral strategy. Peer analysis of Summit Materials could also be used in its relative valuation, which is a method of valuing Summit Materials by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Summit Materials Market Strength Events
Market strength indicators help investors to evaluate how Summit Materials stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Summit Materials shares will generate the highest return on investment. By undertsting and applying Summit Materials stock market strength indicators, traders can identify Summit Materials entry and exit signals to maximize returns.
Summit Materials Risk Indicators
The analysis of Summit Materials' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Summit Materials' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting summit stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Mean Deviation | 0.5757 | |||
Semi Deviation | 0.3378 | |||
Standard Deviation | 1.32 | |||
Variance | 1.74 | |||
Downside Variance | 0.6466 | |||
Semi Variance | 0.1141 | |||
Expected Short fall | (0.65) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Other Consideration for investing in Summit Stock
If you are still planning to invest in Summit Materials 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 Summit Materials' history and understand the potential risks before investing.
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