Summit Midstream Stock Market Value
| SMC Stock | 36.48 0.14 0.39% |
| Symbol | Summit |
Summit Midstream Price To Book Ratio
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Midstream. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 6.19 | Revenue Per Share 44.885 | Quarterly Revenue Growth 0.035 | Return On Assets 0.0226 | Return On Equity 0.1084 |
The market value of Summit Midstream is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Midstream's value that differs from its market value or its book value, called intrinsic value, which is Summit Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Midstream's market value can be influenced by many factors that don't directly affect Summit Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Summit Midstream 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Summit Midstream's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Summit Midstream.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Summit Midstream on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Summit Midstream or generate 0.0% return on investment in Summit Midstream over 30 days. Summit Midstream is related to or competes with Mill City, Summit Materials, Lipocine, Perseus Mining, Asure Software, Senmiao Technology, and Analog Devices. Summit Midstream is entity of United States More
Summit Midstream Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Summit Midstream's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Summit Midstream upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 15.21 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 3.24 |
Summit Midstream Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summit Midstream's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summit Midstream's standard deviation. In reality, there are many statistical measures that can use Summit Midstream historical prices to predict the future Summit Midstream's volatility.| Risk Adjusted Performance | 0.0227 | |||
| Jensen Alpha | 0.0148 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0754 |
Summit Midstream Backtested Returns
At this point, Summit Midstream is very steady. Summit Midstream owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0432, which indicates the firm had a 0.0432% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Summit Midstream, which you can use to evaluate the volatility of the company. Please validate Summit Midstream's Semi Deviation of 1.94, risk adjusted performance of 0.0227, and Coefficient Of Variation of 4857.62 to confirm if the risk estimate we provide is consistent with the expected return of 0.0911%. Summit Midstream has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Summit Midstream's returns are expected to increase less than the market. However, during the bear market, the loss of holding Summit Midstream is expected to be smaller as well. Summit Midstream right now has a risk of 2.11%. Please validate Summit Midstream downside variance, and the relationship between the treynor ratio and kurtosis , to decide if Summit Midstream will be following its existing price patterns.
Auto-correlation | -0.63 |
Very good reverse predictability
Summit Midstream has very good reverse predictability. Overlapping area represents the amount of predictability between Summit Midstream time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Summit Midstream price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Summit Midstream price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Summit Midstream lagged returns against current returns
Autocorrelation, which is Summit Midstream stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Summit Midstream's stock expected returns. We can calculate the autocorrelation of Summit Midstream returns to help us make a trade decision. For example, suppose you find that Summit Midstream has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Summit Midstream regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Summit Midstream stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summit Midstream stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Summit Midstream stock over time.
Current vs Lagged Prices |
| Timeline |
Summit Midstream Lagged Returns
When evaluating Summit Midstream's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summit Midstream stock have on its future price. Summit Midstream autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Summit Midstream autocorrelation shows the relationship between Summit Midstream stock current value and its past values and can show if there is a momentum factor associated with investing in Summit Midstream.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Summit Midstream offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit Midstream's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit Midstream Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit Midstream Stock:Check out Summit Midstream Correlation, Summit Midstream Volatility and Summit Midstream Alpha and Beta module to complement your research on Summit Midstream. For information on how to trade Summit Stock refer to our How to Trade Summit Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Summit Midstream 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.