Summit Materials Price on February 16, 2024
| SUMDelisted Stock | USD 52.49 0.10 0.19% |
If you're considering investing in Summit Stock, it is important to understand the factors that can impact its price. As of today, the current price of Summit Materials stands at 52.49, as last reported on the 26th of February, with the highest price reaching 54.07 and the lowest price hitting 52.36 during the day. As of now, Summit Stock is very steady. Summit Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Summit Materials, which you can use to evaluate the volatility of the company. Please validate Summit Materials' Coefficient Of Variation of 710.53, risk adjusted performance of 0.1079, and Semi Deviation of 0.3378 to confirm if the risk estimate we provide is consistent with the expected return of 0.0618%.
Summit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Summit |
Sharpe Ratio = 0.176
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Estimated Market Risk
| 0.35 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Summit Materials is performing at about 13% 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 Materials by adding it to a well-diversified portfolio.
Summit Materials Valuation on February 16, 2024
It is possible to determine the worth of Summit Materials on a given historical date. On February 16, 2024 Summit was worth 39.99 at the beginning of the trading date compared to the closed value of 41.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Summit Materials stock. Still, in general, we apply an absolute valuation method to find Summit Materials' 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 Materials where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Summit Materials' related companies.
| Open | High | Low | Close | Volume | |
| 40.00 | 41.20 | 37.39 | 39.55 | 2,126,003 | |
02/16/2024 | 39.99 | 41.99 | 39.64 | 41.54 | 1,921,975 |
| 41.10 | 41.27 | 39.79 | 39.98 | 1,350,152 |
| Backtest Summit Materials | | | Summit Materials History | | | Summit Materials Valuation | Previous | Next |
Summit Materials Trading Date Momentum on February 16, 2024
| On February 20 2024 Summit Materials was traded for 39.98 at the closing time. Highest Summit Materials's price during the trading hours was 41.27 and the lowest price during the day was 39.79 . The net volume was 1.4 M. The overall trading history on the 20th of February contributed to the next trading period price depreciation. The trading price change to the next next day price was 3.76% . The trading price change to current price is 1.73% . |
Summit Materials Fundamentals Correlations and Trends
By evaluating Summit Materials' 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 Materials' 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 Materials Stock history
Summit Materials 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 Materials 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 Materials stock prices may prove useful in developing a viable investing in Summit Materials
Summit Materials, Inc., through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, and residential and nonresidential end markets. The company was founded in 2009 and is headquartered in Denver, Colorado. Summit Materials operates under Building Materials classification in the United States and is traded on New York Stock Exchange. It employs 5500 people.
Summit Materials Stock Technical Analysis
Summit Materials technical stock 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, delisted stock market cycles, or different charting patterns.
Price Boundaries
Summit Materials Period Price Range
Low | February 26, 2025
| High |
0.00 | 0.00 |
Summit Materials cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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 Materials February 26, 2025 Market Strength
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 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Summit Materials' price direction in advance. Along with the technical and fundamental analysis of Summit Stock 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 | 0.1079 | |||
| Jensen Alpha | 0.1745 | |||
| Total Risk Alpha | 0.1666 | |||
| Sortino Ratio | 0.2121 | |||
| Treynor Ratio | 0.8179 |
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| Math Transform | ||
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| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
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 employment. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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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