Summit Midstream Partners is More a Bet on The Jockey Than The Horse Legacy Ridge Capital Management
Slightly above 67% of Summit Midstream's investor base is looking to short. The analysis of current outlook of investing in Summit Midstream Partners suggests that many traders are alarmed regarding Summit Midstream's prospects. Summit Midstream's investing sentiment overview a quick insight into current market opportunities from investing in Summit Midstream Partners. Many technical investors use Summit Midstream Partners stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Summit |
Legacy Ridge Capital Management, LLC recently published its Legacy Ridge Capital Partners Equity Fund I second quarter 2024 investor letter. A copy of the same can be downloaded here. The fund returned 25.6 percent gross, and 19.7 percent net of accrued performance fees through June. The performance has remained decent both in absolute and relative terms, despite
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Summit Midstream Fundamental Analysis
We analyze Summit Midstream's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Summit Midstream using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Summit Midstream based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Asset
Current Asset Comparative Analysis
Summit Midstream is currently under evaluation in current asset category among its peers. Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Summit Midstream Partners Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Summit Midstream stock to make a market-neutral strategy. Peer analysis of Summit Midstream could also be used in its relative valuation, which is a method of valuing Summit Midstream by comparing valuation metrics with similar companies.
Peers
Summit Midstream Related Equities
WES | Western Midstream | 2.73 | ||||
HESM | Hess Midstream | 1.58 | ||||
GEL | Genesis Energy | 1.53 | ||||
ENLC | EnLink Midstream | 1.01 | ||||
DTM | DT Midstream | 0.29 | ||||
NGL-PC | NGL Energy | 0.08 | ||||
MMLP | Martin Midstream | 0.25 | ||||
NGL-PB | NGL Energy | 1.60 | ||||
BROG | Brooge Holdings | 5.04 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Other Consideration for investing in Summit Stock
If you are still planning to invest in Summit Midstream Partners check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Summit Midstream's history and understand the potential risks before investing.
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