We consider Summit Materials not too risky. Summit Materials Inc owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0418 which indicates Summit Materials Inc had 0.0418% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Summit Materials Inc which you can use to evaluate future volatility of the company. Please validate Summit Materials Semi Deviation of 0.7645, Coefficient Of Variation of 459.44 and Risk Adjusted Performance of 0.1023 to confirm if risk estimate we provide are consistent with the epected return of 0.0416%.
|Time Horizon||30 Days Login to change|
Summit Materials Market Sensitivity
|As returns on market increase, returns on owning Summit Materials are expected to decrease by larger amounts. On the other hand, during market turmoil, Summit Materials is expected to significantly outperform it.One Month Beta |Analyze Summit Materials Inc Demand TrendCheck current 30 days Summit Materials correlation with market (DOW)|
β = -1.2805
Summit Materials Inc Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, Summit Materials Inc has beta of -1.2805 . This entails as returns on its benchmark rise, returns on holding Summit Materials Inc are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Summit Materials is expected to outperform its benchmark. Moreover, Summit Materials Inc has an alpha of 0.5163 implying that it can potentially generate 0.5163% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of Summit Materials is 2391.66. The daily returns are destributed with a variance of 0.99 and standard deviation of 0.99. The mean deviation of Summit Materials Inc is currently at 0.74. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44