Summit Hotel Properties Stock Probability of Future Stock Price Finishing Under 5.73
| INN Stock | USD 6.85 0.01 0.15% |
Summit |
Summit Hotel Target Price Odds to finish below 5.73
The tendency of Summit Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 5.73 or more in 90 days |
| 6.85 | 90 days | 5.73 | near 1 |
Based on a normal probability distribution, the odds of Summit Hotel to drop to $ 5.73 or more in 90 days from now is near 1 (This Summit Hotel Properties probability density function shows the probability of Summit Stock to fall within a particular range of prices over 90 days) . Probability of Summit Hotel Properties price to stay between $ 5.73 and its current price of $6.85 at the end of the 90-day period is about 85.47 .
Considering the 90-day investment horizon Summit Hotel Properties has a beta of -0.0054. This usually indicates as returns on the benchmark increase, returns on holding Summit Hotel are expected to decrease at a much lower rate. During a bear market, however, Summit Hotel Properties is likely to outperform the market. Additionally Summit Hotel Properties has an alpha of 0.0252, implying that it can generate a 0.0252 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Summit Hotel Price Density |
| Price |
Predictive Modules for Summit Hotel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Summit Hotel Properties. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Summit Hotel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Summit Hotel is not an exception. The market had few large corrections towards the Summit Hotel's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Summit Hotel Properties, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Summit Hotel within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | -0.0054 | |
σ | Overall volatility | 0.29 | |
Ir | Information ratio | 0.01 |
Summit Hotel Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Summit Hotel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Summit Hotel Properties can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the last year's revenue of 736.13 M. Reported Net Loss for the year was (9.49 M) with profit before taxes, overhead, and interest of 305.82 M. | |
| Over 94.0% of the company shares are owned by institutional investors | |
| On 29th of November 2024 Summit Hotel paid $ 0.08 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Summit Hotel Properties Announces Pending Acquisition of Two-Hotel Portfolio for 96 Million ... |
Summit Hotel Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Summit Stock often depends not only on the future outlook of the current and potential Summit Hotel's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Summit Hotel's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 105.5 M | |
| Cash And Short Term Investments | 51.8 M |
Summit Hotel Technical Analysis
Summit Hotel's future price can be derived by breaking down and analyzing its technical indicators over time. Summit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Summit Hotel Properties. In general, you should focus on analyzing Summit Stock price patterns and their correlations with different microeconomic environments and drivers.