Summit Materials (Germany) Price on July 26, 2024
| 7SU Stock | 47.80 0.20 0.42% |
If you're considering investing in Summit Stock, it is important to understand the factors that can impact its price. As of today, the current price of Summit Materials stands at 47.80, as last reported on the 11th of December 2024, with the highest price reaching 47.80 and the lowest price hitting 47.80 during the day. Summit Materials appears to be very steady, given 3 months investment horizon. Summit Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24% return per unit of risk over the last 3 months. By inspecting Summit Materials' technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please review Summit Materials' Risk Adjusted Performance of 0.1982, semi deviation of 0.783, and Coefficient Of Variation of 377.67 to confirm if our risk estimates are consistent with your expectations.
Summit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Summit |
Sharpe Ratio = 0.2437
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Estimated Market Risk
| 2.38 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.58 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 19 81% of assets perform better |
Based on monthly moving average Summit Materials is performing at about 19% 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.
Summit Materials Valuation on July 26, 2024
It is possible to determine the worth of Summit Materials on a given historical date. On July 26, 2024 Summit was worth 36.0 at the beginning of the trading date compared to the closed value of 36.0. 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 | |
| 34.00 | 34.00 | 34.00 | 34.00 | 1.00 | |
07/26/2024 | 36.00 | 36.00 | 36.00 | 36.00 | 1.00 |
| 36.60 | 36.60 | 36.60 | 36.60 | 1.00 |
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Summit Materials Trading Date Momentum on July 26, 2024
| On July 29 2024 Summit Materials was traded for 36.60 at the closing time. The highest price during the trading period was 36.60 and the lowest recorded bid was listed for 36.60 . There was no trading activity during the period 1.0. Lack of trading volume on July 29, 2024 contributed to the next trading day price appreciation. The daily price change to the next closing price was 1.67% . The trading price change to the current price is 6.67% . |
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
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 11, 2024
| High |
0.00 | 0.00 |
Summit Materials cannot be verified against its exchange. Please verify the symbol is currently traded on Stuttgart 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 11, 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 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 | 0.1982 | |||
| Jensen Alpha | 0.4402 | |||
| Total Risk Alpha | 0.2419 | |||
| Sortino Ratio | 0.3468 | |||
| Treynor Ratio | 0.3991 |
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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.