Summit Global Investments Fund Price on November 1, 2024
| SGLIX Fund | USD 40.44 0.13 0.32% |
Below is the normalized historical share price chart for Summit Global Investments extending back to April 01, 2009. 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 40.44, as last reported on the 27th of November, with the highest price reaching 40.44 and the lowest price hitting 40.44 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 out of control. Summit Global Investments owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0249, which indicates the fund had a 0.0249% return per unit of risk over the last 3 months. We have found twenty-eight 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 0.5648, coefficient of variation of 3044.9, and Risk Adjusted Performance of 0.0209 to confirm if the risk estimate we provide is consistent with the expected return of 0.0135%.
Summit Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Summit |
Sharpe Ratio = 0.0249
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| Negative Returns | SGLIX |
Estimated Market Risk
| 0.54 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Summit Global is performing at about 1% 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 Valuation on November 1, 2024
It is possible to determine the worth of Summit Global on a given historical date. On November 1, 2024 Summit was worth 38.99 at the beginning of the trading date compared to the closed value of 38.99. 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 | |
| 38.94 | 38.94 | 38.94 | 38.94 | 1.00 | |
11/01/2024 | 38.99 | 38.99 | 38.99 | 38.99 | 1.00 |
| 38.93 | 38.93 | 38.93 | 38.93 | 1.00 |
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Summit Global Trading Date Momentum on November 1, 2024
| On November 04 2024 Summit Global Investments was traded for 38.93 at the closing time. The highest daily price throughout the period was 38.93 and the lowest price was 38.93 . There was no trading activity during the period 1.0. Lack of trading volume on 11/04/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 0.15% . The trading price change to current closing price is 2.90% . |
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
Under normal market conditions, the fund invests at least 80 percent of the value of its net assets, plus any borrowings for investment purposes, in equity securities. It invests, under normal market conditions, significantly in non-U.S. companies. The funds investments in equity securities include, without limitation, common stocks, preferred stocks, warrants to acquire common stock, and securities convertible into common stock.
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 | November 27, 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 November 27, 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 | 0.0209 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.0128 |
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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.
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |