Summit Hotel Properties Stock Technical Analysis
| INN Stock | USD 6.37 0.14 2.25% |
As of the 25th of November, Summit Hotel has the Coefficient Of Variation of (4,686), variance of 3.85, and Risk Adjusted Performance of (0.01). Summit Hotel technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices.
Summit Hotel Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Summit, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SummitSummit |
Summit Hotel Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 8.0 | Buy | 6 | Odds |
Most Summit analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Summit stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Summit Hotel Properties, talking to its executives and customers, or listening to Summit conference calls.
Summit Hotel 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.
Summit Hotel Properties Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Summit Hotel Properties volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Summit Hotel Properties Trend Analysis
Use this graph to draw trend lines for Summit Hotel Properties. You can use it to identify possible trend reversals for Summit Hotel as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Summit Hotel price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Summit Hotel Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Summit Hotel Properties applied against its price change over selected period. The best fit line has a slop of 0.0074 , which may imply that the returns on investment in Summit Hotel Properties will continue to fail. It has 122 observation points and a regression sum of squares at 2.07, which is the sum of squared deviations for the predicted Summit Hotel price change compared to its average price change.About Summit Hotel Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Summit Hotel Properties on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Summit Hotel Properties based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Summit Hotel Properties price pattern first instead of the macroeconomic environment surrounding Summit Hotel Properties. By analyzing Summit Hotel's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Summit Hotel's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Summit Hotel specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0152 | 0.0374 | 0.0645 | 0.0592 | Price To Sales Ratio | 2.82 | 1.12 | 0.96 | 0.92 |
Summit Hotel November 25, 2024 Technical Indicators
Most technical analysis of Summit help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Summit from various momentum indicators to cycle indicators. When you analyze Summit charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.02) | |||
| Mean Deviation | 1.42 | |||
| Coefficient Of Variation | (4,686) | |||
| Standard Deviation | 1.96 | |||
| Variance | 3.85 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.03) | |||
| Maximum Drawdown | 10.45 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 2.56 | |||
| Skewness | 1.12 | |||
| Kurtosis | 3.15 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Summit Hotel Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Hotel & Resort REITs 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 Hotel. 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 Hotel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.79) | Dividend Share 0.28 | Earnings Share 0.05 | Revenue Per Share 6.957 | Quarterly Revenue Growth (0.03) |
The market value of Summit Hotel Properties 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 Hotel's value that differs from its market value or its book value, called intrinsic value, which is Summit Hotel'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 Hotel's market value can be influenced by many factors that don't directly affect Summit Hotel'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 Hotel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Hotel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Hotel'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.