Summit Bank Group Stock Market Value
| SBKO Stock | USD 14.10 0.45 3.09% |
| Symbol | Summit |
Summit Bank '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 Bank's pink sheet 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 Bank.
| 01/20/2023 |
| 01/09/2025 |
If you would invest 0.00 in Summit Bank on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding Summit Bank Group or generate 0.0% return on investment in Summit Bank over 720 days. Summit Bank is related to or competes with Savi Financial, Pacific West, Commencement Bancorp, Merchants Marine, Mission Valley, Harbor Bankshares, and Oconee Financial. Summit Bank Group, Inc. operates as the bank holding company for Summit Bank that provides commercial banking, financing... More
Summit Bank 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 Bank's pink sheet 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 Bank Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.1 | |||
| Information Ratio | 0.0824 | |||
| Maximum Drawdown | 36.21 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 2.71 |
Summit Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summit Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summit Bank's standard deviation. In reality, there are many statistical measures that can use Summit Bank historical prices to predict the future Summit Bank's volatility.| Risk Adjusted Performance | 0.0762 | |||
| Jensen Alpha | 0.2801 | |||
| Total Risk Alpha | 0.2826 | |||
| Sortino Ratio | 0.0685 | |||
| Treynor Ratio | (0.62) |
Summit Bank Group Backtested Returns
As of now, Summit Pink Sheet is somewhat reliable. Summit Bank Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0539, which indicates the firm had a 0.0539% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Summit Bank Group, which you can use to evaluate the volatility of the company. Please validate Summit Bank's Risk Adjusted Performance of 0.0762, coefficient of variation of 1174.46, and Semi Deviation of 1.91 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Summit Bank has a performance score of 4 on a scale of 0 to 100. The entity has a beta of -0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Summit Bank are expected to decrease at a much lower rate. During the bear market, Summit Bank is likely to outperform the market. Summit Bank Group right now has a risk of 3.57%. Please validate Summit Bank maximum drawdown, as well as the relationship between the expected short fall and rate of daily change , to decide if Summit Bank will be following its existing price patterns.
Auto-correlation | -0.56 |
Good reverse predictability
Summit Bank Group has good reverse predictability. Overlapping area represents the amount of predictability between Summit Bank time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th of January 2025. 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 Bank Group price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Summit Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.92 |
Summit Bank Group lagged returns against current returns
Autocorrelation, which is Summit Bank pink sheet'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 Bank's pink sheet expected returns. We can calculate the autocorrelation of Summit Bank returns to help us make a trade decision. For example, suppose you find that Summit Bank has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Bank 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 Bank pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summit Bank pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Summit Bank pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Summit Bank Lagged Returns
When evaluating Summit Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summit Bank pink sheet have on its future price. Summit Bank 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 Bank autocorrelation shows the relationship between Summit Bank pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Summit Bank Group.
Regressed Prices |
| Timeline |
Pair Trading with Summit Bank
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Summit Bank position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Summit Bank will appreciate offsetting losses from the drop in the long position's value.Moving against Summit Pink Sheet
| 0.8 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.8 | PKX | POSCO Holdings | PairCorr |
| 0.73 | HYMTF | Hyundai Motor | PairCorr |
| 0.72 | SWZNF | Schweizerische Nationalbank | PairCorr |
| 0.71 | BBAS3 | Banco do Brasil | PairCorr |
The ability to find closely correlated positions to Summit Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Summit Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Summit Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Summit Bank Group to buy it.
The correlation of Summit Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Summit Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Summit Bank Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Summit Bank can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Summit Pink Sheet
Summit Bank financial ratios help investors to determine whether Summit Pink Sheet 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 Bank security.