Summit Bancshares Stock Market Value
| SMAL Stock | USD 43.60 0.11 0.25% |
| Symbol | Summit |
Summit Bancshares '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 Bancshares' 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 Bancshares.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Summit Bancshares on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Summit Bancshares or generate 0.0% return on investment in Summit Bancshares over 720 days. Summit Bancshares is related to or competes with PSB Holdings, and United Overseas. Summit Bancshares, Inc., through its subsidiary, Summit Bank, provides commercial credit and other banking services in C... More
Summit Bancshares 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 Bancshares' 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 Bancshares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.34 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 1.69 |
Summit Bancshares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summit Bancshares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summit Bancshares' standard deviation. In reality, there are many statistical measures that can use Summit Bancshares historical prices to predict the future Summit Bancshares' volatility.| Risk Adjusted Performance | 0.0418 | |||
| Jensen Alpha | 0.0595 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.57) |
Summit Bancshares Backtested Returns
As of now, Summit Pink Sheet is very steady. Summit Bancshares owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.04, which indicates the firm had a 0.04% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Summit Bancshares, which you can use to evaluate the volatility of the company. Please validate Summit Bancshares' Semi Deviation of 1.11, risk adjusted performance of 0.0418, and Coefficient Of Variation of 1995.81 to confirm if the risk estimate we provide is consistent with the expected return of 0.048%. Summit Bancshares has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.0865, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Summit Bancshares are expected to decrease at a much lower rate. During the bear market, Summit Bancshares is likely to outperform the market. Summit Bancshares right now has a risk of 1.2%. Please validate Summit Bancshares treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Summit Bancshares will be following its existing price patterns.
Auto-correlation | -0.24 |
Weak reverse predictability
Summit Bancshares has weak reverse predictability. Overlapping area represents the amount of predictability between Summit Bancshares time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Bancshares price movement. The serial correlation of -0.24 indicates that over 24.0% of current Summit Bancshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 4.9 |
Summit Bancshares lagged returns against current returns
Autocorrelation, which is Summit Bancshares 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 Bancshares' pink sheet expected returns. We can calculate the autocorrelation of Summit Bancshares returns to help us make a trade decision. For example, suppose you find that Summit Bancshares 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 Bancshares 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 Bancshares pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summit Bancshares 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 Bancshares pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Summit Bancshares Lagged Returns
When evaluating Summit Bancshares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summit Bancshares pink sheet have on its future price. Summit Bancshares 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 Bancshares autocorrelation shows the relationship between Summit Bancshares pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Summit Bancshares.
Regressed Prices |
| Timeline |
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Summit Bancshares 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 Bancshares security.