Summit Materials Alpha and Beta Analysis
| SUMDelisted Stock | USD 52.49 0.10 0.19% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Summit Materials. It also helps investors analyze the systematic and unsystematic risks associated with investing in Summit Materials over a specified time horizon. Remember, high Summit Materials' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Summit Materials' market risk premium analysis include:
Beta (0.29) | Alpha 0.16 | Risk 0.38 | Sharpe Ratio 0.29 | Expected Return 0.11 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Summit |
Summit Materials Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Summit Materials market risk premium is the additional return an investor will receive from holding Summit Materials long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Summit Materials. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Summit Materials' performance over market.| α | 0.16 | β | -0.29 |
Summit Materials Fundamentals Vs Peers
Comparing Summit Materials' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Summit Materials' direct or indirect competition across all of the common fundamentals between Summit Materials and the related equities. This way, we can detect undervalued stocks with similar characteristics as Summit Materials or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Summit Materials' fundamental indicators could also be used in its relative valuation, which is a method of valuing Summit Materials by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Summit Materials to competition |
| Fundamentals | Summit Materials | Peer Average |
| Return On Equity | 0.0436 | -0.31 |
| Return On Asset | 0.0464 | -0.14 |
| Profit Margin | 0.04 % | (1.27) % |
| Operating Margin | 0.17 % | (5.51) % |
| Current Valuation | 11.37 B | 16.62 B |
| Shares Outstanding | 175.81 M | 571.82 M |
| Shares Owned By Insiders | 31.79 % | 10.09 % |
Summit Materials Opportunities
Summit Materials Return and Market Media
The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Summit Materials to be bought by Quikrete in deal valued at 11.5B | 11/25/2024 |
2 | Kuehn Law Encourages BCOV, SUM, ENLC, and EMKR Investors to Contact Law Firm | 12/02/2024 |
3 | Summit Materials Now Covered by Analysts at StockNews.com | 01/15/2025 |
4 | Assenagon Asset Management S.A. Buys 822,222 Shares of Summit Materials, Inc. - MarketBeat | 01/17/2025 |
5 | Troluce Capital Advisors LLC Increases Stake in Endeavor Group Holdings Inc | 01/22/2025 |
6 | Summit Materials Faces Legal Challenges Around Merger Proposal | 01/28/2025 |
7 | Summit Materials Shareholders Approve Acquisition by Quikrete -February 05, 2025 at 1223 pm EST - Marketscreener.com | 02/05/2025 |
8 | Disposition of tradable shares by Grupo Argos S.a. of Summit Materials subject to Rule 16b-3 | 02/10/2025 |
About Summit Materials Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Summit or other delisted stocks. Alpha measures the amount that position in Summit Materials has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Summit Materials Upcoming Company Events
As portrayed in its financial statements, the presentation of Summit Materials' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Summit Materials' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Summit Materials' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Summit Materials. Please utilize our Beneish M Score to check the likelihood of Summit Materials' management manipulating its earnings.
| 14th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Summit Materials
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
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 employment. You can also try the Share Portfolio 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 Materials 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 Materials' history and understand the potential risks before investing.
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