Summit Bank Ownership
| SBKO Stock | USD 14.55 0.19 1.29% |
Summit |
Summit Pink Sheet Ownership Analysis
The company had not issued any dividends in recent years. Summit Bank Group had 125:100 split on the 9th of April 2021. Summit Bank Group, Inc. operates as the bank holding company for Summit Bank that provides commercial banking, financing, real estate lending, and other services to personal and business customers in the United States. Summit Bank Group, Inc. was founded in 2004 and is headquartered in Eugene, Oregon. Summit Bank operates under BanksRegional classification in the United States and is traded on OTC Exchange.The quote for Summit Bank Group is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. To find out more about Summit Bank Group contact Craig Wanichek at 541 684 7500 or learn more at https://www.sbko.bank.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 |
| 0.74 | HYMTF | Hyundai Motor | PairCorr |
| 0.72 | BBAS3 | Banco do Brasil | PairCorr |
| 0.72 | SWZNF | Schweizerische Nationalbank | 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.