Summit Securities (India) Market Value
| SUMMITSEC | 1,808 239.25 15.26% |
| Symbol | Summit |
Summit Securities '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 Securities' 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 Securities.
| 12/20/2024 |
| 03/20/2025 |
If you would invest 0.00 in Summit Securities on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Summit Securities Limited or generate 0.0% return on investment in Summit Securities over 90 days. Summit Securities is related to or competes with Jindal Poly, Bajaj Holdings, Pilani Investment, Reliance Communications, Mask Investments, and TVS Electronics. More
Summit Securities 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 Securities' 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 Securities Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 13.09 | |||
| Value At Risk | (6.54) | |||
| Potential Upside | 5.92 |
Summit Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summit Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summit Securities' standard deviation. In reality, there are many statistical measures that can use Summit Securities historical prices to predict the future Summit Securities' volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.91) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.9272 |
Summit Securities Backtested Returns
Summit Securities 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. Summit Securities Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Summit Securities' Variance of 16.18, coefficient of variation of (485.25), and Risk Adjusted Performance of (0.18) to confirm the risk estimate we provide. The entity has a beta of -0.9, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Summit Securities are expected to decrease slowly. On the other hand, during market turmoil, Summit Securities is expected to outperform it slightly. At this point, Summit Securities has a negative expected return of -0.83%. Please make sure to validate Summit Securities' skewness, as well as the relationship between the day median price and relative strength index , to decide if Summit Securities performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Summit Securities Limited has good predictability. Overlapping area represents the amount of predictability between Summit Securities time series from 20th of December 2024 to 3rd of February 2025 and 3rd of February 2025 to 20th of March 2025. 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 Securities price movement. The serial correlation of 0.66 indicates that around 66.0% of current Summit Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 29.7 K |
Summit Securities lagged returns against current returns
Autocorrelation, which is Summit Securities 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 Securities' stock expected returns. We can calculate the autocorrelation of Summit Securities returns to help us make a trade decision. For example, suppose you find that Summit Securities 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 Securities 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 Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summit Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Summit Securities stock over time.
Current vs Lagged Prices |
| Timeline |
Summit Securities Lagged Returns
When evaluating Summit Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summit Securities stock have on its future price. Summit Securities 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 Securities autocorrelation shows the relationship between Summit Securities stock current value and its past values and can show if there is a momentum factor associated with investing in Summit Securities Limited.
Regressed Prices |
| Timeline |
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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.Additional Tools for Summit Stock Analysis
When running Summit Securities' price analysis, check to measure Summit Securities' 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 Securities is operating at the current time. Most of Summit Securities' value examination focuses on studying past and present price action to predict the probability of Summit Securities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Securities' price. Additionally, you may evaluate how the addition of Summit Securities to your portfolios can decrease your overall portfolio volatility.