Skywater Technology Stock Probability of Future Stock Price Finishing Under 6.78
| SKYT Stock | USD 8.43 0.24 2.77% |
Skywater |
Skywater Technology Target Price Odds to finish below 6.78
The tendency of Skywater 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 $ 6.78 or more in 90 days |
| 8.43 | 90 days | 6.78 | near 1 |
Based on a normal probability distribution, the odds of Skywater Technology to drop to $ 6.78 or more in 90 days from now is near 1 (This Skywater Technology probability density function shows the probability of Skywater Stock to fall within a particular range of prices over 90 days) . Probability of Skywater Technology price to stay between $ 6.78 and its current price of $8.43 at the end of the 90-day period is about 15.48 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.72 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Skywater Technology will likely underperform. Additionally Skywater Technology 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. Skywater Technology Price Density |
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Predictive Modules for Skywater Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Skywater Technology. 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 Skywater Technology'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.
Skywater Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Skywater Technology is not an exception. The market had few large corrections towards the Skywater Technology'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 Skywater Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Skywater Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.35 | |
β | Beta against Dow Jones | 1.72 | |
σ | Overall volatility | 0.73 | |
Ir | Information ratio | -0.07 |
Skywater Technology 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 Skywater Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Skywater Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Skywater Technology generated a negative expected return over the last 90 days | |
| Skywater Technology has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 286.68 M. Net Loss for the year was (30.76 M) with profit before overhead, payroll, taxes, and interest of 25.97 M. | |
| Skywater Technology has a poor financial position based on the latest SEC disclosures | |
| About 53.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Acquisition by Lujan Thomas R. of 10060 shares of Skywater Technology subject to Rule 16b-3 |
Skywater Technology 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 Skywater Stock often depends not only on the future outlook of the current and potential Skywater Technology'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. Skywater Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 45.5 M | |
| Cash And Short Term Investments | 18.4 M |
Skywater Technology Technical Analysis
Skywater Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Skywater Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Skywater Technology. In general, you should focus on analyzing Skywater Stock price patterns and their correlations with different microeconomic environments and drivers.
Skywater Technology Predictive Forecast Models
Skywater Technology's time-series forecasting models is one of many Skywater Technology'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 Skywater Technology'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 Skywater Technology
Checking the ongoing alerts about Skywater Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Skywater Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Skywater Technology generated a negative expected return over the last 90 days | |
| Skywater Technology has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 286.68 M. Net Loss for the year was (30.76 M) with profit before overhead, payroll, taxes, and interest of 25.97 M. | |
| Skywater Technology has a poor financial position based on the latest SEC disclosures | |
| About 53.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Acquisition by Lujan Thomas R. of 10060 shares of Skywater Technology subject to Rule 16b-3 |
Additional Tools for Skywater Stock Analysis
When running Skywater Technology's price analysis, check to measure Skywater Technology'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 Skywater Technology is operating at the current time. Most of Skywater Technology's value examination focuses on studying past and present price action to predict the probability of Skywater Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skywater Technology's price. Additionally, you may evaluate how the addition of Skywater Technology to your portfolios can decrease your overall portfolio volatility.