Summit Resources (Australia) Price on November 4, 2024
| SMM Stock | 0.01 0 7.14% |
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 Resources stands at 0.01, as last reported on the 5th of March, with the highest price reaching 0.01 and the lowest price hitting 0.01 during the day. Currently, Summit Resources Limited is out of control. Summit Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0302, which indicates the firm had a 0.0302 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Summit Resources Limited, which you can use to evaluate the volatility of the company. Please validate Summit Resources' Coefficient Of Variation of 3338.09, semi deviation of 4.37, and Risk Adjusted Performance of 0.0318 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%.
Summit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Summit |
Sharpe Ratio = 0.0302
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Estimated Market Risk
| 6.26 actual daily | 55 55% of assets are less volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Summit Resources is performing at about 2% 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 Resources by adding it to a well-diversified portfolio.
Summit Resources Valuation on November 4, 2024
It is possible to determine the worth of Summit Resources on a given historical date. On November 4, 2024 Summit was worth 0.02 at the beginning of the trading date compared to the closed value of 0.0175. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Summit Resources stock. Still, in general, we apply an absolute valuation method to find Summit Resources' 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 Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Summit Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.01 | 0.02 | 0.01 | 0.02 | 603,865 | |
11/01/2024 | 0.02 | 0.02 | 0.01 | 0.02 | 413,714 |
| 0.01 | 0.02 | 0.01 | 0.02 | 507,690 |
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Summit Resources Trading Date Momentum on November 4, 2024
| On November 05 2024 Summit Resources Limited was traded for 0.02 at the closing time. The maximum traded price for the trading interval was 0.02 and the lowest daily price was 0.01 . The daily volume was recorded at 507.7 K. The volume of trading on 5th of November 2024 did not result in any price rise and fall. The trading price change to the closing price today is 14.29% . |
Summit Resources Fundamentals Correlations and Trends
By evaluating Summit Resources' 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 Resources' 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 Resources Stock history
Summit Resources 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 Resources 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 Resources stock prices may prove useful in developing a viable investing in Summit Resources
Summit Resources Stock Technical Analysis
Summit Resources 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 Resources Period Price Range
Low | March 5, 2025
| High |
0.00 | 0.00 |
Summit Resources Limited cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities 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 Resources March 5, 2025 Market Strength
Market strength indicators help investors to evaluate how Summit Resources 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 Resources shares will generate the highest return on investment. By undertsting and applying Summit Resources stock market strength indicators, traders can identify Summit Resources Limited entry and exit signals to maximize returns
Summit Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Summit Resources' 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 | 0.0318 | |||
| Jensen Alpha | 0.235 | |||
| Total Risk Alpha | 0.8885 | |||
| Sortino Ratio | 0.0313 | |||
| Treynor Ratio | 0.2632 |
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Additional Tools for Summit Stock Analysis
When running Summit Resources' price analysis, check to measure Summit Resources' 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 Resources is operating at the current time. Most of Summit Resources' value examination focuses on studying past and present price action to predict the probability of Summit Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Resources' price. Additionally, you may evaluate how the addition of Summit Resources to your portfolios can decrease your overall portfolio volatility.