Summit Resources Market Capitalization vs. Return On Equity
| SMM Stock | 0.01 0 6.25% |
For Summit Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Summit Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Summit Resources Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Summit Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Summit Resources Limited over time as well as its relative position and ranking within its peers.
Summit |
Summit Resources Return On Equity vs. Market Capitalization Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Summit Resources's current stock value. Our valuation model uses many indicators to compare Summit Resources value to that of its competitors to determine the firm's financial worth. Summit Resources Limited is rated third in market capitalization category among its peers. It also is rated third in return on equity category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Summit Resources' earnings, one of the primary drivers of an investment's value.Summit Market Capitalization vs. Competition
Summit Resources Limited is rated third in market capitalization category among its peers. Market capitalization of Materials industry is at this time estimated at about 182.38 Billion. Summit Resources adds roughly 3.91 Million in market capitalization claiming only tiny portion of all equities under Materials industry.
Summit Return On Equity vs. Market Capitalization
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Summit Resources |
| = | 3.91 M |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Summit Resources |
| = | -3.0 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Summit Return On Equity Comparison
Summit Resources is currently under evaluation in return on equity category among its peers.
Summit Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Summit Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Summit Resources will eventually generate negative long term returns. The profitability progress is the general direction of Summit Resources' change in net profit over the period of time. It can combine multiple indicators of Summit Resources, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | -1.9 M | -2 M | |
| Net Loss | -20 M | -19 M | |
| Net Loss | -20 M | -19 M | |
| Income Before Tax | -22.4 M | -21.3 M | |
| Total Other Income Expense Net | -20.6 M | -19.5 M | |
| Net Loss | -397.9 K | -417.8 K | |
| Net Interest Income | 32 K | 33.6 K | |
| Interest Income | 32 K | 33.6 K | |
| Change To Netincome | 56.7 K | 53.9 K |
Summit Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Summit Resources. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Summit Resources position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Summit Resources' important profitability drivers and their relationship over time.
Use Summit Resources in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Summit Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Summit Resources will appreciate offsetting losses from the drop in the long position's value.Summit Resources Pair Trading
Summit Resources Limited Pair Trading Analysis
The ability to find closely correlated positions to Summit Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Summit Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Summit Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Summit Resources Limited to buy it.
The correlation of Summit Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Summit Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Summit Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Summit Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Summit Resources position
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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.