Summit Hotel (Germany) Market Value
| SDP Stock | EUR 6.10 0.05 0.81% |
| Symbol | Summit |
Summit Hotel 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Summit Hotel's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Summit Hotel.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Summit Hotel on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Summit Hotel Properties or generate 0.0% return on investment in Summit Hotel over 30 days. Summit Hotel is related to or competes with Ubisoft Entertainment, Consolidated Communications, Hollywood Bowl, Bank of America, Flutter Entertainment, and SBA Communications. Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels... More
Summit Hotel Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Summit Hotel's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Summit Hotel Properties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.59 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 3.51 |
Summit Hotel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summit Hotel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summit Hotel's standard deviation. In reality, there are many statistical measures that can use Summit Hotel historical prices to predict the future Summit Hotel's volatility.| Risk Adjusted Performance | 0.0215 | |||
| Jensen Alpha | 0.0028 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1398 |
Summit Hotel Properties Backtested Returns
At this point, Summit Hotel is somewhat reliable. Summit Hotel Properties owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0256, which indicates the firm had a 0.0256% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Summit Hotel Properties, which you can use to evaluate the volatility of the company. Please validate Summit Hotel's Risk Adjusted Performance of 0.0215, coefficient of variation of 5080.0, and Semi Deviation of 1.45 to confirm if the risk estimate we provide is consistent with the expected return of 0.0545%. Summit Hotel has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Summit Hotel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Summit Hotel is expected to be smaller as well. Summit Hotel Properties right now has a risk of 2.13%. Please validate Summit Hotel value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Summit Hotel will be following its existing price patterns.
Auto-correlation | 0.91 |
Excellent predictability
Summit Hotel Properties has excellent predictability. Overlapping area represents the amount of predictability between Summit Hotel time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Summit Hotel Properties price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Summit Hotel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Summit Hotel Properties lagged returns against current returns
Autocorrelation, which is Summit Hotel stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Summit Hotel's stock expected returns. We can calculate the autocorrelation of Summit Hotel returns to help us make a trade decision. For example, suppose you find that Summit Hotel has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Summit Hotel regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Summit Hotel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summit Hotel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Summit Hotel stock over time.
Current vs Lagged Prices |
| Timeline |
Summit Hotel Lagged Returns
When evaluating Summit Hotel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summit Hotel stock have on its future price. Summit Hotel autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Summit Hotel autocorrelation shows the relationship between Summit Hotel stock current value and its past values and can show if there is a momentum factor associated with investing in Summit Hotel Properties.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Summit Stock
When determining whether Summit Hotel Properties offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit Hotel's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit Hotel Properties Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit Hotel Properties Stock:Check out Summit Hotel Correlation, Summit Hotel Volatility and Summit Hotel Alpha and Beta module to complement your research on Summit Hotel. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Summit Hotel technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.