Summit Total Revenue from 2010 to 2024
| SEVT Stock | USD 0.0001 0.00 0.00% |
Total Revenue | First Reported 2000-03-31 | Previous Quarter 75.2 K | Current Value 49.3 K | Quarterly Volatility 181.5 K |
Check Summit Environmental financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Summit main balance sheet or income statement drivers, such as Interest Expense of 0.0, Selling General Administrative of 4 M or Total Revenue of 447.6 K, as well as many exotic indicators such as . Summit financial statements analysis is a perfect complement when working with Summit Environmental Valuation or Volatility modules.
Summit | Total Revenue |
Pair Trading with Summit Environmental
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Summit Environmental position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Summit Environmental will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Summit Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Summit Environmental when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Summit Environmental - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Summit Environmental to buy it.
The correlation of Summit Environmental is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Summit Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Summit Environmental moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Summit Environmental can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Summit Environmental Correlation against competitors. For more information on how to buy Summit Stock please use our How to Invest in Summit Environmental guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Summit Stock analysis
When running Summit Environmental's price analysis, check to measure Summit Environmental'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 Environmental is operating at the current time. Most of Summit Environmental's value examination focuses on studying past and present price action to predict the probability of Summit Environmental'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 Environmental's price. Additionally, you may evaluate how the addition of Summit Environmental to your portfolios can decrease your overall portfolio volatility.
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Is Summit Environmental'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 Environmental. 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 Environmental listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.014 | Return On Assets (0.89) | Return On Equity (2.43) |
The market value of Summit Environmental 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 Environmental's value that differs from its market value or its book value, called intrinsic value, which is Summit Environmental'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 Environmental's market value can be influenced by many factors that don't directly affect Summit Environmental'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 Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Environmental'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.