Summit Materials (UK) Price on July 17, 2023
| 0LAI Stock | 50.90 0.05 0.1% |
Below is the normalized historical share price chart for Summit Materials Cl extending back to March 26, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Summit Materials stands at 50.90, as last reported on the 4th of December, with the highest price reaching 50.90 and the lowest price hitting 50.90 during the day.
If you're considering investing in Summit Stock, it is important to understand the factors that can impact its price. Summit Materials appears to be very steady, given 3 months investment horizon. Summit Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. By inspecting Summit Materials' technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please review Summit Materials' Semi Deviation of 1.23, coefficient of variation of 536.94, and Risk Adjusted Performance of 0.149 to confirm if our risk estimates are consistent with your expectations.
At this time, Summit Materials' Total Stockholder Equity is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 4.2 M in 2024, whereas Common Stock is likely to drop slightly above 1.2 M in 2024. . Summit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 35.7741 | 50 Day MA 39.2433 | Beta 1.142 |
Summit |
Sharpe Ratio = 0.2131
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Estimated Market Risk
| 2.44 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.52 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Summit Materials is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Summit Materials by adding it to a well-diversified portfolio.
Book Value 25.323 | Enterprise Value 11.1 B | Price Sales 1.564 | Shares Float 119.8 M | Shares Outstanding 112.1 M |
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Summit Materials Valuation on July 17, 2023
It is possible to determine the worth of Summit Materials on a given historical date. On July 17, 2023 Summit was worth 37.02 at the beginning of the trading date compared to the closed value of 37.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Summit Materials stock. Still, in general, we apply an absolute valuation method to find Summit Materials' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Summit Materials where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Summit Materials' related companies.
| Open | High | Low | Close | Volume | |
| 37.03 | 37.03 | 37.03 | 37.03 | 1.00 | |
07/17/2023 | 37.02 | 37.03 | 37.02 | 37.03 | 230.00 |
| 37.21 | 37.21 | 37.14 | 37.14 | 203.00 |
| Backtest Summit Materials | | | Summit Materials History | | | Summit Materials Valuation | Previous | Next |
Summit Materials Trading Date Momentum on July 17, 2023
| On July 18 2023 Summit Materials Cl was traded for 37.14 at the closing time. The highest price during the trading period was 37.21 and the lowest recorded bid was listed for 37.14 . The volume for the day was 203. This history from July 18, 2023 contributed to the next trading day price appreciation. The daily price change to the next closing price was 0.30% . The trading price change to the current price is 0.16% . |
Summit Materials Fundamentals Correlations and Trends
By evaluating Summit Materials' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Summit Materials' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Summit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Summit Materials Stock history
Summit Materials investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Summit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Summit Materials will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Summit Materials stock prices may prove useful in developing a viable investing in Summit Materials
| Last Reported | Projected for Next Year | ||
| Net Income Applicable To Common Shares | 313 M | 328.6 M |
Summit Materials Stock Technical Analysis
Summit Materials 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.
Price Boundaries
Summit Materials Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Summit Materials Cl cannot be verified against its exchange. Please verify the symbol is currently traded on London Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Summit Materials December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Summit Materials stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Summit Materials shares will generate the highest return on investment. By undertsting and applying Summit Materials stock market strength indicators, traders can identify Summit Materials Cl entry and exit signals to maximize returns
Summit Materials Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Summit Materials' price direction in advance. Along with the technical and fundamental analysis of Summit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Summit to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.149 | |||
| Jensen Alpha | 0.4384 | |||
| Total Risk Alpha | 0.1156 | |||
| Sortino Ratio | 0.2076 | |||
| Treynor Ratio | 3.91 |
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Additional Tools for Summit Stock Analysis
When running Summit Materials' price analysis, check to measure Summit Materials' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Materials is operating at the current time. Most of Summit Materials' value examination focuses on studying past and present price action to predict the probability of Summit Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Materials' price. Additionally, you may evaluate how the addition of Summit Materials to your portfolios can decrease your overall portfolio volatility.