Summit Materials (UK) Market Value
| 0LAI Stock | 50.78 0.66 1.28% |
| Symbol | Summit |
Summit Materials 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Summit Materials' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Summit Materials.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Summit Materials on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Summit Materials Cl or generate 0.0% return on investment in Summit Materials over 510 days. Summit Materials is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, SoftBank Group, and Hon Hai. Summit Materials is entity of United Kingdom More
Summit Materials Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Summit Materials' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Summit Materials Cl upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.0837 | |||
| Maximum Drawdown | 13.35 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 6.0 |
Summit Materials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summit Materials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summit Materials' standard deviation. In reality, there are many statistical measures that can use Summit Materials historical prices to predict the future Summit Materials' volatility.| Risk Adjusted Performance | 0.108 | |||
| Jensen Alpha | 0.2231 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1085 | |||
| Treynor Ratio | 0.3422 |
Summit Materials Backtested Returns
Summit Materials appears to be very steady, given 3 months investment horizon. Summit Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Summit Materials Cl, which you can use to evaluate the volatility of the company. Please review Summit Materials' Semi Deviation of 1.73, coefficient of variation of 757.37, and Risk Adjusted Performance of 0.108 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Summit Materials holds a performance score of 13. The entity has a beta of 1.0, which indicates possible diversification benefits within a given portfolio. Summit Materials returns are very sensitive to returns on the market. As the market goes up or down, Summit Materials is expected to follow. Please check Summit Materials' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Summit Materials' existing price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
Summit Materials Cl has good predictability. Overlapping area represents the amount of predictability between Summit Materials time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Summit Materials price movement. The serial correlation of 0.75 indicates that around 75.0% of current Summit Materials price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 14.32 |
Summit Materials lagged returns against current returns
Autocorrelation, which is Summit Materials stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Summit Materials' stock expected returns. We can calculate the autocorrelation of Summit Materials returns to help us make a trade decision. For example, suppose you find that Summit Materials has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Summit Materials regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Summit Materials stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summit Materials stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Summit Materials stock over time.
Current vs Lagged Prices |
| Timeline |
Summit Materials Lagged Returns
When evaluating Summit Materials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summit Materials stock have on its future price. Summit Materials autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Summit Materials autocorrelation shows the relationship between Summit Materials stock current value and its past values and can show if there is a momentum factor associated with investing in Summit Materials Cl.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Summit Stock Analysis
When running Summit Materials' price analysis, check to measure Summit Materials' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Materials is operating at the current time. Most of Summit Materials' value examination focuses on studying past and present price action to predict the probability of Summit Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Materials' price. Additionally, you may evaluate how the addition of Summit Materials to your portfolios can decrease your overall portfolio volatility.