Summit Materials Technical Analysis

Summit Materials Inc -- USA Stock  

USD 32.65  0.19  0.59%

Summit Materials Inc has Semi Deviation of 2.8, Coefficient Of Variation of 1155.74 and Risk Adjusted Performance of 0.152. In relation to Fundamental Indicators, Macroaxis technical analysis interface makes it possible for you to check existing technical drivers of Summit Materials Inc as well as the relationship between them. In other words you can use this information to find out if the company will indeed mirror its model of past prices and volume data or the prices will eventually revert. We found nineteen technical drivers for Summit Materials Inc which can be compared to its competition. Please validate Summit Materials Inc Standard Deviation, Value At Risk as well as the relationship between Value At Risk and Kurtosis to decide if Summit Materials is priced more or less accurately providing market reflects its prevalent price of 32.65 per share. Given that Summit Materials Inc has Jensen Alpha of 0.4125, we advise you double-check Summit Materials Inc current market performance to make sure the company can sustain itself at future point.
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Summit Materials Inc Technical Analysis

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The output start index for this execution was ten with a total number of output elements of seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Summit Materials Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Summit Materials Inc Trend Analysis

Use this graph to draw trend lines for Summit Materials Inc. You can use it to identify possible trend reversals for Summit Materials as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Summit Materials price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Summit Materials Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Summit Materials Inc applied against its price change over selected period. The best fit line has a slop of 0.09 % which may imply that the returns on investment in Summit Materials Inc will continue to fail. It has 34 observation points and a regression sum of squares at 6.93, which is the sum of squared deviations for the predicted Summit Materials price change compared to its average price change.

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Portfolio Volatility

Check portfolio volatility and analyze historical return density to properly model market risk
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Summit Materials Inc is rated fourth in mean deviation category among related companies. It is currently under evaluation in standard deviation category among related companies creating about  1.52  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Summit Materials Inc is roughly  1.52 

Summit Materials Market Strength

Summit Materials February 17, 2018 Daily Price Condition