Summit Materials Price Prediction

Summit Materials Inc -- USA Stock  

USD 31.41  0.20  0.64%

Macroaxis is not in business of monitoring Summit Materials headlines and social sentiment data; there are plenty of companies out there that do it quite successfully. However, we do analyze noise-free headlines and recent hype associated with Summit Materials Inc brand which may create opportunities for some arbitrage if properly timed. With Summit Materials hype-based prediction module you can estimate the value of Summit Materials Inc from the prospective of Summit Materials response to recently generated media hype and the effects of current headlines on its competitors. The module also provides analysis of price elasticity to changes in media outlook on Summit Materials over a specific investment horizon. Also please take a look at Summit Materials Basic Forecasting Models to cross-verify your projections.
 Time Horizon     30 Days    Login   to change

Summit Materials Estimiated After-Hype Price Volatility

 Next price density 
Expected price to next headline
February 23, 2018
Current Value
Downside upside
After-hype Price
Target Price Odds
 Above  Below  
Upside upside
Summit Materials is not very risky asset. Analysis and calculation of next after-hype price of Summit Materials Inc is based on 1 month time horizon.

Summit Materials Hype Analysis

Daily Expected returnPeriod VolatilityHype elasticityRelated hype elasticityAverage news densityRelated news densityNext Expected Hype
 0.15% 3.05% 0.02%  0.01% 2 Events / Month1 Events / MonthIn a few days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility

Summit Materials Hype Timeline

On 23 of February Summit Materials Inc is traded for 31.41. This company has historical hype elasticity of -0.02 and average elasticity to hype of competition of -0.01. Summit Materials Inc is estimated to decline in value after the next headline with price expected to drop to 31.39. The average volatility of media hype impact on the company stock price is about 3050.0%. The closing price depreciation on the next news is expected to be -0.06% where as daily expected return is at this time at -0.15%. The volatility of related hype on Summit Materials is about 7625.0% with expected price after next announcement by competition of 31.4. About 23.0% of the company outstanding shares are owned by corporate insiders. Book value of Summit Materials Inc was at this time as 11.43. The company has Price/Earnings To Growth (PEG) ratio of 0.66. Summit Materials Inc had not issued any dividends in recent years. This company had a split on 2017-12-07. Considering 30-days investment horizon, the next estimated press release will be in a few days.
Also please take a look at Summit Materials Basic Forecasting Models to cross-verify your projections.

Summit Materials Related Hype Analysis

Short fall
At Risk
Hecla Mining Company(0.06) 1 per month 0.00 (0.0906)  0.00  3.88 (6.28)  13.23 
Vale S A 0.06 1 per month 2.10  0.25 (2.53)  5.41 (2.75)  8.64 
Dynaresource Inc(0.02) 1 per month 0.00 (0.17)  0.00  0.00 (2.61)  4.17 
El Capitan Precious Metals Inc 0.00 1 per month 0.00  0.00  0.00  0.00  0.00  0.00 
Emerge Energy Services LP(0.22) 1 per month 0.00 (0.27)  0.00  3.81 (4.93)  10.88 
West Canyon Energy Corp 0.00 0 per month 0.00  0.00  0.00  0.00  0.00  0.00