Summit State Bank Stock Market Value
| SSBI Stock | USD 12.50 0.25 2.04% |
| Symbol | Summit |
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit State. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit State listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Summit State Bank is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit State's value that differs from its market value or its book value, called intrinsic value, which is Summit State's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit State's market value can be influenced by many factors that don't directly affect Summit State's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit State's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit State is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit State's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Summit State '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 State's 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 State.
| 01/27/2024 |
| 01/16/2026 |
If you would invest 0.00 in Summit State on January 27, 2024 and sell it all today you would earn a total of 0.00 from holding Summit State Bank or generate 0.0% return on investment in Summit State over 720 days. Summit State is related to or competes with Bank of the, Fifth District, First Bancshares, United Bancorp, First Northwest, IF Bancorp, and Broadway Financial. Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma Count... More
Summit State 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 State's 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 State Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 8.49 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 2.53 |
Summit State Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summit State's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summit State's standard deviation. In reality, there are many statistical measures that can use Summit State historical prices to predict the future Summit State's volatility.| Risk Adjusted Performance | 0.0455 | |||
| Jensen Alpha | 0.0379 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1685 |
Summit State Bank Backtested Returns
Summit State is not too volatile at the moment. Summit State Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0637, which indicates the firm had a 0.0637 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Summit State Bank, which you can use to evaluate the volatility of the company. Please validate Summit State's Risk Adjusted Performance of 0.0455, semi deviation of 1.96, and Coefficient Of Variation of 1761.28 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Summit State has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Summit State's returns are expected to increase less than the market. However, during the bear market, the loss of holding Summit State is expected to be smaller as well. Summit State Bank right now has a risk of 1.82%. Please validate Summit State downside variance, and the relationship between the treynor ratio and kurtosis , to decide if Summit State will be following its existing price patterns.
Auto-correlation | -0.69 |
Very good reverse predictability
Summit State Bank has very good reverse predictability. Overlapping area represents the amount of predictability between Summit State time series from 27th of January 2024 to 21st of January 2025 and 21st of January 2025 to 16th of January 2026. 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 State Bank price movement. The serial correlation of -0.69 indicates that around 69.0% of current Summit State price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 2.47 |
Summit State Bank lagged returns against current returns
Autocorrelation, which is Summit State 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 State's stock expected returns. We can calculate the autocorrelation of Summit State returns to help us make a trade decision. For example, suppose you find that Summit State 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 State 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 State stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summit State stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Summit State stock over time.
Current vs Lagged Prices |
| Timeline |
Summit State Lagged Returns
When evaluating Summit State's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summit State stock have on its future price. Summit State 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 State autocorrelation shows the relationship between Summit State stock current value and its past values and can show if there is a momentum factor associated with investing in Summit State Bank.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Summit State Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit State's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit State Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit State Bank Stock:Check out Summit State Correlation, Summit State Volatility and Summit State Alpha and Beta module to complement your research on Summit State. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Summit State technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.