Fondo wants to mitigate the US accountant shortage with its AI bookkeeping service
| SGICX Fund | USD 17.12 0.19 1.12% |
Slightly above 52% of Summit Global's investor base is interested to short. The analysis of overall sentiment of trading Summit Global Investments mutual fund suggests that many investors are impartial at this time. Summit Global's investing sentiment can be driven by a variety of factors including economic data, Summit Global's earnings reports, geopolitical events, and overall market trends.
Summit |
Despite all the talk of doom and gloom about the economy, entrepreneurship is actually on the rise in the U.S. In 2024, an average of 430,000 new business applications were submitted every month, marking a 50 percent rise from 2019. But the number of accountants these new businesses will need to maintain their books, file taxes and do related accounting work is dipping. Nearly 75 percent of CPAs are expected to retire in a decade, and fewer graduates are choosing accounting because it simply doesnt pay as m
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Summit Global Fundamental Analysis
We analyze Summit Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Summit Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Summit Global based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
One Year Return
One Year Return Comparative Analysis
Summit Global is currently under evaluation in one year return among similar funds. One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
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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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