Skycity Entertainment (Australia) Probability of Future Stock Price Finishing Under 1.39
| SKC Stock | 1.31 0.03 2.24% |
Skycity |
Skycity Entertainment Target Price Odds to finish below 1.39
The tendency of Skycity 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 stay under 1.39 after 90 days |
| 1.31 | 90 days | 1.39 | close to 99 |
Based on a normal probability distribution, the odds of Skycity Entertainment to stay under 1.39 after 90 days from now is close to 99 (This Skycity Entertainment Group probability density function shows the probability of Skycity Stock to fall within a particular range of prices over 90 days) . Probability of Skycity Entertainment price to stay between its current price of 1.31 and 1.39 at the end of the 90-day period is about 30.67 .
Assuming the 90 days trading horizon Skycity Entertainment Group has a beta of -0.19. This usually implies as returns on the benchmark increase, returns on holding Skycity Entertainment are expected to decrease at a much lower rate. During a bear market, however, Skycity Entertainment Group is likely to outperform the market. Additionally Skycity Entertainment Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Skycity Entertainment Price Density |
| Price |
Predictive Modules for Skycity Entertainment
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Skycity Entertainment. 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.Skycity Entertainment Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Skycity Entertainment is not an exception. The market had few large corrections towards the Skycity Entertainment'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 Skycity Entertainment Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Skycity Entertainment within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | -0.19 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.07 |
Skycity Entertainment 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 Skycity Entertainment for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Skycity Entertainment can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Skycity Entertainment generated a negative expected return over the last 90 days | |
| Skycity Entertainment may become a speculative penny stock | |
| Skycity Entertainment has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 861.04 M. Net Loss for the year was (143.35 M) with profit before overhead, payroll, taxes, and interest of 495.36 M. | |
| About 56.0% of the company shares are owned by institutional investors |
Skycity Entertainment 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 Skycity Stock often depends not only on the future outlook of the current and potential Skycity Entertainment'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. Skycity Entertainment's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 758.7 M | |
| Cash And Short Term Investments | 60.5 M |
Skycity Entertainment Technical Analysis
Skycity Entertainment's future price can be derived by breaking down and analyzing its technical indicators over time. Skycity Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Skycity Entertainment Group. In general, you should focus on analyzing Skycity Stock price patterns and their correlations with different microeconomic environments and drivers.
Skycity Entertainment Predictive Forecast Models
Skycity Entertainment's time-series forecasting models is one of many Skycity Entertainment'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 Skycity Entertainment'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 Skycity Entertainment
Checking the ongoing alerts about Skycity Entertainment for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Skycity Entertainment help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Skycity Entertainment generated a negative expected return over the last 90 days | |
| Skycity Entertainment may become a speculative penny stock | |
| Skycity Entertainment has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 861.04 M. Net Loss for the year was (143.35 M) with profit before overhead, payroll, taxes, and interest of 495.36 M. | |
| About 56.0% of the company shares are owned by institutional investors |
Additional Tools for Skycity Stock Analysis
When running Skycity Entertainment's price analysis, check to measure Skycity Entertainment'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 Skycity Entertainment is operating at the current time. Most of Skycity Entertainment's value examination focuses on studying past and present price action to predict the probability of Skycity Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skycity Entertainment's price. Additionally, you may evaluate how the addition of Skycity Entertainment to your portfolios can decrease your overall portfolio volatility.