Sky Harbour Group Stock Probability of Future Stock Price Finishing Under 10.92
| SKYH Stock | USD 11.28 0.20 1.74% |
Sky |
Sky Harbour Target Price Odds to finish below 10.92
The tendency of Sky 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 drop to $ 10.92 or more in 90 days |
| 11.28 | 90 days | 10.92 | about 18.27 |
Based on a normal probability distribution, the odds of Sky Harbour to drop to $ 10.92 or more in 90 days from now is about 18.27 (This Sky Harbour Group probability density function shows the probability of Sky Stock to fall within a particular range of prices over 90 days) . Probability of Sky Harbour Group price to stay between $ 10.92 and its current price of $11.28 at the end of the 90-day period is about 16.58 .
Given the investment horizon of 90 days Sky Harbour has a beta of 0.78. This usually implies as returns on the market go up, Sky Harbour average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Sky Harbour Group will be expected to be much smaller as well. Additionally Sky Harbour 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. Sky Harbour Price Density |
| Price |
Predictive Modules for Sky Harbour
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sky Harbour Group. 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 Sky Harbour'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.
Sky Harbour Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sky Harbour is not an exception. The market had few large corrections towards the Sky Harbour'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 Sky Harbour Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sky Harbour within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.78 | |
σ | Overall volatility | 0.70 | |
Ir | Information ratio | -0.02 |
Sky Harbour 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 Sky Harbour for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sky Harbour Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sky Harbour Group generated a negative expected return over the last 90 days | |
| Sky Harbour Group has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 7.58 M. Net Loss for the year was (16.18 M) with loss before overhead, payroll, taxes, and interest of (2.7 M). | |
| Sky Harbour Group currently holds about 33.71 M in cash with (7.74 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.26. | |
| Sky Harbour Group has a poor financial position based on the latest SEC disclosures | |
| Roughly 44.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Disposition of tradable shares by Glazer Capital, Llc of Sky Harbour at 10.12 subject to Rule 16b-3 |
Sky Harbour 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 Sky Stock often depends not only on the future outlook of the current and potential Sky Harbour'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. Sky Harbour's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 16.5 M | |
| Cash And Short Term Investments | 72.1 M |
Sky Harbour Technical Analysis
Sky Harbour's future price can be derived by breaking down and analyzing its technical indicators over time. Sky Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sky Harbour Group. In general, you should focus on analyzing Sky Stock price patterns and their correlations with different microeconomic environments and drivers.
Sky Harbour Predictive Forecast Models
Sky Harbour's time-series forecasting models is one of many Sky Harbour'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 Sky Harbour'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 Sky Harbour Group
Checking the ongoing alerts about Sky Harbour for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sky Harbour Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sky Harbour Group generated a negative expected return over the last 90 days | |
| Sky Harbour Group has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 7.58 M. Net Loss for the year was (16.18 M) with loss before overhead, payroll, taxes, and interest of (2.7 M). | |
| Sky Harbour Group currently holds about 33.71 M in cash with (7.74 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.26. | |
| Sky Harbour Group has a poor financial position based on the latest SEC disclosures | |
| Roughly 44.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Disposition of tradable shares by Glazer Capital, Llc of Sky Harbour at 10.12 subject to Rule 16b-3 |
Check out Sky Harbour Backtesting, Sky Harbour Valuation, Sky Harbour Correlation, Sky Harbour Hype Analysis, Sky Harbour Volatility, Sky Harbour History as well as Sky Harbour Performance. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Independent Power and Renewable Electricity Producers space 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 Sky Harbour. If investors know Sky 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 Sky Harbour listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.90) | Revenue Per Share 0.523 | Quarterly Revenue Growth 0.637 | Return On Assets (0.03) | Return On Equity (0.54) |
The market value of Sky Harbour Group is measured differently than its book value, which is the value of Sky that is recorded on the company's balance sheet. Investors also form their own opinion of Sky Harbour's value that differs from its market value or its book value, called intrinsic value, which is Sky Harbour'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 Sky Harbour's market value can be influenced by many factors that don't directly affect Sky Harbour'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 Sky Harbour's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sky Harbour is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sky Harbour'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.