Summit State Bank Stock Probability of Future Stock Price Finishing Over 15.7
| SSBI Stock | USD 10.19 0.43 4.41% |
Summit |
Summit State Target Price Odds to finish over 15.7
The tendency of Summit Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 15.70 or more in 90 days |
| 10.19 | 90 days | 15.70 | near 1 |
Based on a normal probability distribution, the odds of Summit State to move over $ 15.70 or more in 90 days from now is near 1 (This Summit State Bank probability density function shows the probability of Summit Stock to fall within a particular range of prices over 90 days) . Probability of Summit State Bank price to stay between its current price of $ 10.19 and $ 15.70 at the end of the 90-day period is about 82.07 .
Given the investment horizon of 90 days Summit State Bank has a beta of -1.1. This usually implies Additionally Summit State Bank has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Summit State Price Density |
| Price |
Predictive Modules for Summit State
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Summit State Bank. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Summit State's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Summit State Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Summit State is not an exception. The market had few large corrections towards the Summit State's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Summit State Bank, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Summit State within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.13 | |
β | Beta against NYSE Composite | -1.1 | |
σ | Overall volatility | 0.61 | |
Ir | Information ratio | -0.1 |
Summit State Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Summit State for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Summit State Bank can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Summit State Bank generated a negative expected return over the last 90 days | |
| Summit State Bank has high historical volatility and very poor performance | |
| Summit State Bank currently holds about 42.82 M in cash with (2.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.35. | |
| Summit State Bank has a frail financial position based on the latest SEC disclosures | |
| Roughly 23.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Summit State Bank Among Top Performing Banks, Earning the Raymond James Bankers Cup - The Globe and Mail |
Summit State Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Summit Stock often depends not only on the future outlook of the current and potential Summit State's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Summit State's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6.7 M | |
| Cash And Short Term Investments | -57.8 M |
Summit State Technical Analysis
Summit State's future price can be derived by breaking down and analyzing its technical indicators over time. Summit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Summit State Bank. In general, you should focus on analyzing Summit Stock price patterns and their correlations with different microeconomic environments and drivers.
Summit State Predictive Forecast Models
Summit State's time-series forecasting models is one of many Summit State's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Summit State's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Summit State Bank
Checking the ongoing alerts about Summit State for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Summit State Bank help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Summit State Bank generated a negative expected return over the last 90 days | |
| Summit State Bank has high historical volatility and very poor performance | |
| Summit State Bank currently holds about 42.82 M in cash with (2.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.35. | |
| Summit State Bank has a frail financial position based on the latest SEC disclosures | |
| Roughly 23.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Summit State Bank Among Top Performing Banks, Earning the Raymond James Bankers Cup - The Globe and Mail |
Check out Summit State Backtesting, Summit State Valuation, Summit State Correlation, Summit State Hype Analysis, Summit State Volatility, Summit State History as well as Summit State Performance. Note that the Summit State Bank information on this page should be used as a complementary analysis to other Summit State's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Summit Stock analysis
When running Summit State's price analysis, check to measure Summit State's 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 State is operating at the current time. Most of Summit State's value examination focuses on studying past and present price action to predict the probability of Summit State's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit State's price. Additionally, you may evaluate how the addition of Summit State to your portfolios can decrease your overall portfolio volatility.
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Is Summit State's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit State. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit State listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.54) | Dividend Share 0.48 | Earnings Share 1.62 | Revenue Per Share 6.703 | Quarterly Revenue Growth (0.16) |
The market value of Summit State Bank is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit State's value that differs from its market value or its book value, called intrinsic value, which is Summit State's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit State's market value can be influenced by many factors that don't directly affect Summit State's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit State's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit State is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit State's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.