Summit Hotel Properties Preferred Stock Market Value
| INN-PE Preferred Stock | USD 20.73 0.15 0.73% |
| Symbol | Summit |
Summit Hotel '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 Hotel's preferred 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 Hotel.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Summit Hotel on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Summit Hotel Properties or generate 0.0% return on investment in Summit Hotel over 30 days. Summit Hotel is related to or competes with Ashford Hospitality, Braemar Hotels, Ashford Hospitality, Ashford Hospitality, Braemar Hotels, and Ashford Hospitality. Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels... More
Summit Hotel 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 Hotel's preferred 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 Hotel Properties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7255 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.22 |
Summit Hotel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summit Hotel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summit Hotel's standard deviation. In reality, there are many statistical measures that can use Summit Hotel historical prices to predict the future Summit Hotel's volatility.| Risk Adjusted Performance | 0.0585 | |||
| Jensen Alpha | 0.0435 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 2.76 |
Summit Hotel Properties Backtested Returns
At this point, Summit Hotel is very steady. Summit Hotel Properties owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0702, which indicates the firm had a 0.0702% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Summit Hotel Properties, which you can use to evaluate the volatility of the company. Please validate Summit Hotel's Semi Deviation of 0.6158, risk adjusted performance of 0.0585, and Coefficient Of Variation of 1294.14 to confirm if the risk estimate we provide is consistent with the expected return of 0.0508%. Summit Hotel has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.0164, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Summit Hotel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Summit Hotel is expected to be smaller as well. Summit Hotel Properties right now has a risk of 0.72%. Please validate Summit Hotel total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Summit Hotel will be following its existing price patterns.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Summit Hotel Properties has insignificant reverse predictability. Overlapping area represents the amount of predictability between Summit Hotel time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Hotel Properties price movement. The serial correlation of -0.18 indicates that over 18.0% of current Summit Hotel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Summit Hotel Properties lagged returns against current returns
Autocorrelation, which is Summit Hotel preferred 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 Hotel's preferred stock expected returns. We can calculate the autocorrelation of Summit Hotel returns to help us make a trade decision. For example, suppose you find that Summit Hotel has exhibited high autocorrelation historically, and you observe that the preferred 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 Hotel 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 Hotel preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summit Hotel preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Summit Hotel preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Summit Hotel Lagged Returns
When evaluating Summit Hotel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summit Hotel preferred stock have on its future price. Summit Hotel 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 Hotel autocorrelation shows the relationship between Summit Hotel preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Summit Hotel Properties.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Summit Preferred Stock
Summit Hotel financial ratios help investors to determine whether Summit Preferred Stock 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 Hotel security.