Summit Global Investments Fund Price on June 6, 2024
| SGICX Fund | USD 21.58 0.04 0.19% |
Below is the normalized historical share price chart for Summit Global Investments extending back to January 04, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Summit Global stands at 21.58, as last reported on the 2nd of December, with the highest price reaching 21.58 and the lowest price hitting 21.58 during the day.
If you're considering investing in Summit Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Summit Mutual Fund to be very steady. Summit Global Investments owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Summit Global Investments, which you can use to evaluate the volatility of the fund. Please validate Summit Global's Semi Deviation of 0.5459, coefficient of variation of 857.79, and Risk Adjusted Performance of 0.0882 to confirm if the risk estimate we provide is consistent with the expected return of 0.0818%.
Summit Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Summit |
Sharpe Ratio = 0.1188
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Estimated Market Risk
| 0.69 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Summit Global is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Summit Global by adding it to a well-diversified portfolio.
Summit Global Main Headline on 6th of June 2024
EU Funds Face Fresh Pressure to Dump US Stocks Under New ESG... by news.google.com
EU Funds Face Fresh Pressure to Dump US Stocks Under New ESG Regulations Bloomberg
Summit Global Valuation on June 6, 2024
It is possible to determine the worth of Summit Global on a given historical date. On June 6, 2024 Summit was worth 19.05 at the beginning of the trading date compared to the closed value of 19.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Summit Global mutual fund. Still, in general, we apply an absolute valuation method to find Summit Global's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Summit Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Summit Global's related companies.
| Open | High | Low | Close | Volume | |
| 19.04 | 19.04 | 19.04 | 19.04 | 1.00 | |
06/06/2024 | 19.05 | 19.05 | 19.05 | 19.05 | 1.00 |
| 19.01 | 19.01 | 19.01 | 19.01 | 1.00 |
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Summit Global Trading Date Momentum on June 6, 2024
| On June 07 2024 Summit Global Investments was traded for 19.01 at the closing time. The highest daily price throughout the period was 19.01 and the lowest price was 19.01 . There was no trading activity during the period 1.0. Lack of trading volume on 06/07/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 0.21% . The trading price change to current closing price is 0.89% . |
Summit Global Investments Fundamentals Correlations and Trends
By evaluating Summit Global's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Summit Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Summit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Summit Global Mutual Fund history
Summit Global investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Summit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Summit Global Investments will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Summit Global stock prices may prove useful in developing a viable investing in Summit Global
The fund normally invests at least 80 percent of its net assets in equity securities, primarily common stocks, of companies within the Russell 1000 Index and SP 500 Index. Its investments will generally consist of securities, which may include common stocks, preferred stocks, warrants to acquire common stock, and securities convertible into common stock. The fund purchases equity securities traded in the U.S. on registered exchanges or the over-the-counter market.
Summit Global Mutual Fund Technical Analysis
Summit Global technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Summit Global Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Summit Global Investments cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Summit Global December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Summit Global mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Summit Global shares will generate the highest return on investment. By undertsting and applying Summit Global mutual fund market strength indicators, traders can identify Summit Global Investments entry and exit signals to maximize returns
Summit Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Summit Global's price direction in advance. Along with the technical and fundamental analysis of Summit Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Summit to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0882 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0925 |
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Other Information on Investing in Summit Mutual Fund
Summit Global financial ratios help investors to determine whether Summit Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Summit with respect to the benefits of owning Summit Global security.
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