Summit Materials Stock Forecast - Period Momentum Indicator
| SUM Stock | USD 38.47 0.56 1.43% |
Summit Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Summit Materials stock prices and determine the direction of Summit Materials's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Summit Materials' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Summit Materials' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Summit Materials' systematic risk associated with finding meaningful patterns of Summit Materials fundamentals over time.
Check out Historical Fundamental Analysis of Summit Materials to cross-verify your projections. Summit |
Open Interest Against 2024-04-19 Summit Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Summit Materials' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Summit Materials' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Summit Materials stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Summit Materials' open interest, investors have to compare it to Summit Materials' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Summit Materials is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Summit. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Summit Materials cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Summit Materials' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Summit Materials' price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Check Summit Materials Volatility | Backtest Summit Materials | Information Ratio |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare Summit Materials to competition |
Other Forecasting Options for Summit Materials
For every potential investor in Summit, whether a beginner or expert, Summit Materials' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Summit Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Summit. Basic forecasting techniques help filter out the noise by identifying Summit Materials' price trends.Summit Materials Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Summit Materials stock to make a market-neutral strategy. Peer analysis of Summit Materials could also be used in its relative valuation, which is a method of valuing Summit Materials by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Summit Materials Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Summit Materials' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Summit Materials' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Summit Materials Market Strength Events
Market strength indicators help investors to evaluate how Summit Materials stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Summit Materials shares will generate the highest return on investment. By undertsting and applying Summit Materials stock market strength indicators, traders can identify Summit Materials entry and exit signals to maximize returns.
| Accumulation Distribution | 30246.03 | |||
| Daily Balance Of Power | (0.45) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 39.09 | |||
| Day Typical Price | 38.88 | |||
| Price Action Indicator | (0.90) | |||
| Period Momentum Indicator | (0.56) | |||
| Relative Strength Index | 67.41 |
Summit Materials Risk Indicators
The analysis of Summit Materials' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Summit Materials' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting summit stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.59 | |||
| Semi Deviation | 1.76 | |||
| Standard Deviation | 1.96 | |||
| Variance | 3.85 | |||
| Downside Variance | 3.63 | |||
| Semi Variance | 3.11 | |||
| Expected Short fall | (1.66) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
When determining whether Summit Materials is a strong investment it is important to analyze Summit Materials' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Summit Materials' future performance. For an informed investment choice regarding Summit Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Summit Materials to cross-verify your projections. To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Summit Stock analysis
When running Summit Materials' price analysis, check to measure Summit Materials' 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 Materials is operating at the current time. Most of Summit Materials' value examination focuses on studying past and present price action to predict the probability of Summit Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Materials' price. Additionally, you may evaluate how the addition of Summit Materials to your portfolios can decrease your overall portfolio volatility.
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Is Summit Materials' 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 Materials. 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 Materials 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 (0.90) | Earnings Share 2.39 | Revenue Per Share 22.004 | Quarterly Revenue Growth 0.195 | Return On Assets 0.0438 |
The market value of Summit Materials 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 Materials' value that differs from its market value or its book value, called intrinsic value, which is Summit Materials' 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 Materials' market value can be influenced by many factors that don't directly affect Summit Materials' 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 Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Materials' 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.